Buy or Short Robinhood at IPO? Learning from the Coinbase IPO
Coinbase’s IPO marked the top for Bitcoin at nearly $65,000 on April 14th, 2021 and then the cryptocurrency markets went into a three month correction – some speculate even a bear market, although BTC is showing signs of recovery, trading back over $40k this week.
That IPO followed the ‘buy the rumor, sell the news’ pattern – excitement and marketing hype over
67% of retail investor accounts lose money. Invest responsibly.
