Crypto’s Here to Stay — Buy Coinbase Stock at 66% Discount?

A year after its much-hyped IPO, Coinbase stock is down 66%. Is it time to buy? [Turn Your Images On] [Crypto’s Here to Stay — Buy COIN Stock at 66% Discount?]( [Turn Your Images On] [Adam O'Dell, Chief Investment Strategist]( Cryptocurrency as an asset class is here to stay, and Coinbase is the most popular medium to buy and sell it. About a year ago, leading crypto exchange Coinbase (Nasdaq: COIN) went public in one of the most anticipated IPOs in recent history. I wrote about this last April, advising that we wait and see before buying Coinbase shares. My analysis showed that it generally worked to an investor’s favor to sit out the initial IPO and wait for the shares to either rise or fall by 50%. Today, Coinbase is down by more than 60% from its opening IPO price. It’s sunk two-thirds from its all-time highs. It’s safe to say the shine is off this one. But after the tumble, are the shares worth a look? [Click here to read my update on COIN stock.]( By the way… Instead of Coinbase stock, I know some of you have asked us for crypto trades. Look no further than my friend — and Banyan Hill’s crypto expert — Ian King. When Ian recommended Binance on May 4, 2020, he knew it’d soar higher … and sure enough, it went up 1,061%. When he recommended Solana on December 17, 2020, he knew it’d soar … and it did by 1,934%. And when he recommended Terra on December 17, 2020, it went up 18,325%. What’s most amazing of all? These gains came within a year. Ian just issued a [new “buy alert.”]( He calls this one “the greatest investment in history,” adding: “All my data is clear. It will be 20X bigger than bitcoin.” And you have the rare opportunity to get in before it starts to move higher. [Click here to see how you can buy this coin with as little as $20](. Suggested Stories: [Look Out, Amazon?! Walmart Hires Former PayPal CFO]( [Would You Take Your Paycheck in Bitcoin?]( --------------------------------------------------------------- FROM OUR PARTNERS ["I Only Trade 1 Stock and I NEVER Worry About..."]( The name of the ONE stock (ticker symbol and all) that has helped over 170,000 people discover how to gain their financial freedom... [Learn More.]( --------------------------------------------------------------- Earnings Edge [2 Post-Pandemic Stocks Poised for Earnings Pop]( [Turn Your Images On] [Chad Shoop, Editor]( Dozens of companies will announce earnings this week, including over 50 in the S&P 500. Expect lots of big moves in the market this week. We’ve done a good job on any given week spotting stocks set for those one-day pops. I don’t mind missing out on single-day moves as long as we can play the trends that they set up. That’s just what we saw in last week’s Earnings Edge stocks, Delta Airlines and CarMax. Both stocks moved at least 5% on the day they announced earnings, with Delta shares rising 5%, and CarMax shares falling nearly 10%. I think this is just the start of a longer move for these stocks, and you can expect it to play out in the same direction as the initial pop. I believe two stocks are due for an even greater move on earnings day. [Click here to find out what I’m watching.]( Suggested Stories: [Good Companies = Good Returns — But We Can Do Better]( [5 States' Cannabis Legalization Measures + IMCC Analysis]( --------------------------------------------------------------- FROM OUR PARTNERS [The Next Tesla?]( A tiny New York company could hold the key to a radical new tech … and a $30 trillion stock market windfall. One group of infamous short sellers dubbed it “more compelling than an early-stage Tesla.” And at least four American billionaires have already made their move. Why all the fuss? [Click here for answers.]( --------------------------------------------------------------- Chart of the Day [Turn Your Images On] [Michael Carr, Editor]( [Disposable Income Suggests Economic Contraction]( Mean reversion explains the business cycle, and it reveals a problem in disposable income data. In general terms, the business cycle consists of periods of expansion and contraction. As the economy expands, entrepreneurs create more businesses, and not all have sound business plans. The excesses of the expansion lead to a contraction in the economy as unsound businesses fail. If the boom part of the cycle (expansion) goes too far, the bust (contraction) will be deeper. Mild contractions tend to follow mild expansions. This pattern is in many economic data series. An example is real disposable income, the money consumers have left after paying taxes. Real disposable income factors inflation into the calculation. [Click here to find out what the chart below tells us.]( [Turn Your Images On]( Suggested Stories: [Bonds Flash an Ominous Signal]( [Capitalize on NVIDIA’s Artificial Intelligence Blind Spot]( [Turn Your Images On] 1906: A massive earthquake destroyed more than 80% of San Francisco. The Dow Jones fell around 4% over the next two days. Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. 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