Investing In #Crypto Via #IPOs – (Chris Coney) WCSS:017

Curated Content by Dan - Coin Cerberus

December 19, 2021

 

Earn FREE Crypto

While Learning About Crypto With Coinbase

Compound

You are invited to learn about Compound Crypto - and earn some along the way! Start today Earn opportunities are only available for a limited time to a small set of customers.

Steller

You are invited to learn about XLM - and earn some along the way! Start today Earn opportunities are only available for a limited time to a small set of customers.

 

 

 

For 7 Best DeFi Strategies To Make You Money click https://cryptoversity.krtra.com/t/En8qC4kR7udT —
Chris Coney (00:11):
Hi there, guys. And welcome to this week's edition of The Weiss Crypto Sunday Special with me, your host Chris Coney. So today, I wanted to discuss the macroeconomic topic of investing in crypto companies via IPOs. That would be traditional, initial, public offerings on the traditional stock markets. Because the truth is, many traditional investors want to invest in the growth of crypto, without all the hassle of having to figure out an entirely new set of investing tools. And ideally, you might want to buy assets, or get exposure to assets that participate in the growth of crypto, through your existing brokerage account, and so on.
Chris Coney (00:48):
So one of the most famous, I would say of these, is when Coinbase did their IPO. So Coinbase is a crypto exchange that people use to convert their fiat currency into any one of a number of cryptocurrencies or crypto assets that Coinbase happen to list on their platform. So it is a traditional exchange in that way. Now I use Coinbase as an example, because they were one of the biggest brands in the crypto industry, even prior to their IPO, and why there was a lot of hype around their IPO when it actually went live in 2021.
Chris Coney (01:30):
So I don't call the Coinbase IPO. I'd call that an infrastructure play. Because having an exchange, I call it an on-ramp. So an on-ramp or an off-ramp. A way of getting your government currency into crypto via an on-ramp, and then off ramp to get it out of the crypto economy, and then back into your government currency when you wish to do that. And that's the current main business model and revenue model for Coinbase. So that's why I call it infrastructure. You need that, and you need it in every country that has a different currency. Once you get into Bitcoin and Ethereum, then of course decentralized finance is the same. But to get your national currency into Bitcoin or Ethereum, that differs based on jurisdiction, and the national currency and banking system of your locale.
Chris Coney (02:21):
The other thing to know about Coinbase, is that its profitability isn't based on the performance of the market. So it doesn't really matter whether Bitcoin or Ethereum is going up or down in price, because Coinbase's revenue is based on a percentage of the volume that goes through their platform. So I happen to use… There's Coinbase and then there's Coinbase Pro. So regular Coinbase is like… The retail customer's interface is kind of built like PayPal in terms of the interface. Very simple to use, very user-friendly, dead simple. And then Coinbase Pro, it's essentially the same platform, except with some more advanced charting and investing tools.
Chris Coney (03:04):
So Coinbase do get a bit of heat for their fees. So I use Coinbase Pro. And then when I buy some Bitcoin every week, the fee from Coinbase is 0.5%. Which might not sound like a lot, but Coinbase do get criticized for having some of the highest fees in the business in that regard. But when IPO… because their revenues, you can look them up, were pretty impressive to say the least. So Coinbase have grown largely so far by capturing retail volume. So the average investor, just using it as a self-service platform, to buy whatever crypto asset that they wish. And they have took a lot of… They haven't copied the PayPal interface exactly, but I call it PayPal-like because of its ease of use.
Chris Coney (03:57):
Now the truth is, if you were going to consider investing in the Coinbase shares, which are now trading, the ticket symbol is COIN. Just the word coin. That's its ticket symbol. Now longer term, Coinbase cannot rely purely on taking a fee, a commission on trading volume, right? Because that will just become commoditized. And due to competition, there'll be a race to the bottom in terms of fees. And eventually you'll get exchanges promoting themselves on the basis that they are zero fee. Some of them have already tried that. There was one called Cobinhood a couple of years ago that actually folded in the end, they were coming to the market with that kind of a slogan, 0% trading fees, et cetera.
Chris Coney (04:46):
So Coinbase are expanding their other offerings like institutional level custody, and [inaudible 00:04:53] market and they're expanding their portfolio. And who knows where else they'll take the platform in the future. In terms of the performance of the Coinbase stock itself, the first piece of price data I could find on my trading view account, was $240 a share. And this was first traded on the 21st of December, 2020. That was actually prior to the public IPO. I believe it went live publicly in April of 2021. And when I looked up, how on earth there's some trading data from December 2020, it's because there was a speculative derivative traded on the crypto exchange FTX. The Cryptoverse features reading the news from various sources. Each episode lasts approximately 15 minutes and includes my moral, ethical and philosophical interpretation of current events. If you’d like to be kept up to date on Bitcoin, cryptocurrencies and blockchains by someone who believes in the free market, equality of opportunity and the value of education then subscribe to The Cryptoverse today. Video Source https://www.youtube.com/watch?v=tK0PCLqzPkc

Crypto Currency Resources & Recommended Products

The following lists are tools and resources that I put together to help anyone that is interested in crypto get a head start. It can be quite daunting when you first get into cryptocurrencies. There is some much information out there and some much uncertainty.

Disclaimer This new crypto movement is an economic revolution. While it may be an exciting time to get started with crypto currencies, this digital gold rush has a plethora of bad information out there. The recommended products below are based on my own experience with my own personal use of these products.

Disclaimer: I am not a finical advisory. I do earn a small commission if you choose to purchase any of the recommended products below. Please make sure that you do your research before you purchase any Cryptocurrencies related products or services.

Coinbase

Crypto Currency Wallet & Coin Exchange

Coinbase is one of the worlds leading cryptocurrency wallets. It also gives people the option to purchase and trade digital currencies like that of Bitcoin, Bitcoin Cash, Ethereum Classic, Ethereum and Litecoin.

Coinbase popularity stems from its ease of entry and exit from the cryptocurrency world. It's pretty quick to get set up and start investing in digital currencies. Get $10 FREE Bitcoin {BTC} when you spend $100 with our referral link.


Click Here To Watch A Tutorial Guide On How To Use Coinbase

Make Money Online

 Cash Network & Affiliate Training

Trust me here… If you’re like many Internet marketers, you can’t help drooling when you peruse the famous (and quite addictive) ClickBank marketplace.

From just the front page of the
marketplace ClickBank’s clients will earn close to One Hundred Million Dollars this year! As you click from page to page, your eyes get wider and wider... your heart starts pounding...

… and your jaw drops to the floor when you start to see the incredible popularity, the gravity, all those product pitch pages…


Check out the video to learn more...


What you’re about to see is not a joke... It’s not a lousy ploy. This is truly a dream come true... I am about to give you something so exciting and SO valuable you may not be able to keep it to yourself.



BUT, I need you to please keep this a secret until you see what I’m talking about.

I cannot risk something like this getting out to the public. At least not this early… Follow the link below to finally realize what it feels like to have control. Feel your dreams come to life! 


Don’t believe me? See for yourself.  If you don’t act quickly, I’ll have to pass this along to someone else who is willing to create a better life for themselves.


I have a feeling you’re going to love this :)

binance

Cryptocurrency Exchange

Binance is one of the worlds fastest growing cryptocurrency exchanges. Because of its trading volume and the number of altcoins it trades it will be one of the worlds biggest crypto exchanges in the world.

While Coinbase is still the easiest way to get into cryptocurrencies, Binance trades a lot more Altcoins compared to that of Coinbase. If you want to purchase Altcoins like Cardano ADA, Ripple XRP, Steller Lumens, TRON, Dash and Monero then Binance is your first port of call. 


In order to trade here, you must hold some cryptocurrencies first. So it's best to purchase some Ether or Litecoin from Coinbase and transfer it too Binance.

Click Here Watch A Tutorial Guide On How To Use Binance.

?

Ledger-Nano-Wallet

Cryptocurrency Hardware Wallets

One of the most popular Hardware Cryptocurrency wallets is that of

Ledger Nano S. The Ledger hardware wallet provides a secure offline solution for cryptocurrency traders to store their digital data. 


Commonly knowns private keys the Ledger hardware wallet gives users a multi cryptocurrency offline storage solution. Because of essential, these hardware wallets are similar to that of a USB key, it provides security by hosting the private keys offline making them difficult for hackers to access your cryptocurrencies.


It hosts some of the more common crypto coins but also some fewer know Altcoins Bitcoin Gold, Ark, Bitcoin, Bitcoin Cash, Digibyte, Dash Dogecoin and Ether.

Watch A Video Guide On How To Use The Ledger Nano S 

Exodus

Digital Crypto Currency Wallet 

The Exodus Wallet is desktop cryptocurrency storage solution. It can be used with Mac and PC which has compatibility with a popular cryptocurrency exchange called Shapeshit. Which gives the user the ability to trade cryptocurrency with in the Exodus Wallet.  This feature alone makes the Exodus wallet a very popular choice with beginner crypto traders.


The interface is very intuitive making it very easy to understand and use for anyone that's starting out with investing in cryptocurrencies. The Exodus Wallet is one of the most popular lite wallets, even with a number of crypto storage assets, it doesn't require your system to download the complete blockchain.


While the Exodus Wallet is free to download and a very secure piece of software, please note that it does take between 1-3% fee with the exchange of cryptocurrencies. Click Here To Watch Walk Through Video On The Exodus Wallet.

Brave-Browser

Cryptocurrency Browser

The Brave Browser is just like most web browsers, it allows you to surf the web, find videos, websites and allows you to download content from the web. But with a few difference with it's set up compared to that of Google Chrome. It was set up by the same creators as that of Mozilla, basing their software on open source code similar to that of Google Chrome.

Brave has in built ad blocking technology to stop intrusive ads. It also integrates with the cryptocurrency Basic Attention Token {BAT} to pay users for their attention for displaying less intrusive ads.


Brave keeps 15% of the less intrusive ads, giving content publishers 55% per cent which is good for bloggers and vloggers, last but not lease even users of the Brave browser will receive 15% off the revenue. It also gives users the option to donate BAT to content creators or sites they love.


One of the striking features of the Brave Browsers is that it removes a ton of tracking pixels which cause websites to load slower. This gives you a much faster experience when visiting websites online


Tags

Altcoins, Buy Altcoins, Crypto, Cryptocurrencies


You may also like

New Token The NEXT SHIB of 2022?

New Token The NEXT SHIB of 2022?
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}