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.

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