COIN went public in NASDAQ on Apr 14, 2021
Opening is $363.23,
highest $429.54,
lowest $359.70,
closing 362.61.
For Bitcoin on the same day
Opening $62,982.87,
highest $63,147.75,
lowest $62,743.34,
closing $63,109.70.
Trading volume: Over $953 million during the final hour of trading
In 2023, both Bitcoin and COIN were at lowest, but now Bitcoin is at $115141 level. However, COIN goes back to $360 level on opening of Oct 29 (Tue) 2025. I asked the AI does it means investing in vain for so many years? Please read carefully their answers.
For the history of COIN, please refer to WIKI:
https://en.wikipedia.org/wiki/Coinbase
Why I said “Tomorrow is another day”? Because China suspended the control of rare earth for one year. So that US can buy time to unite with western countries to develop rare earth refining and exploration, even though the initial hard time needs 3 years to soften, even though total independence needs 8 to 10 years or more. But it gives one year for US to breathe freely. China will also buy time to develop their AI and chips. Their robot dog Unitree is now at the stage of forming a squadron in the army and ready to go to battlefield. The Unitree Go2 once had a competition with Boston Dynamics. The robot dog of both sides had turned over in the testing field, Boston Dynamics needs 42 seconds to stand up again and gained a lot of clapping hands, but when Unitree turned over, it only needs one second to re-stand up. Now the Tesla Optimus is facing some problem and needs to be postpone the progress. Therefore, we cannot look down upon the humanoid robot and robot dogs of China again. Both are buying time in this year and let’s wide open our eyes to watch this live show!
For AI related stocks, most of them are on record high or near record high. It is very risky to buy in, even though the rate cut cycle will continue to cut at least twice, both in Nov and Dec. If the Sino-US tariff war goes to a ceasefire of one year. It is surely good news to the US stock market, and the impact will carry on for a few months at least.
Investing in COIN is better than Bitcoin. Why? COIN is a trading house or trading platform, that means no matter Bitcoin goes up or down, it depends on the trading volume, and not necessarily on rise of crypto, even normally is rising would bring about more trading. COIN is covering the whole crypto industry and not just Bitcoin. Why I picked up the first day of IPO to ask the AI? What I expect one answer they should mention, is somewhat like this: Normally for IPO in US stocks market, the first day or the first week or the first month will be in great velocity of fluctuations, no need to enter so soon, better wait for it to cool down. Like that of CRCL, it at first goes up and down greatly, but now is cooling down and the best time to buy at low.
Regretfully, the AI had not mentioned such a point, that is why we need the super AI. Never mind, they are coming soon. Maybe they think everyone should have already known this point. It is too easy and no need to say so The Express had just started a new topic of Crypto and the next items will contain MSTR …… CRCL …… They will have more room for rising than the AI stocks.
Tomorrow is another day!