Coinbase Nasdaq (COIN) listing TODAY - MASSIVE BULL flag for crypto

spawned kind of a spontaneous live stream so yep let's get live and let's get started guys so folks welcome welcome back to box mining so this is a very spontaneous live stream and the reasoning behind this obviously is i'm doing a lot of my research on the coinbase listing right so this is happening today well um the next day if you're in america so right now it's the 14th of april in hong kong right now so roughly what's gonna happen in uh later on this day uh coinbase is gonna get listed on nasdaq via a direct listing so this is guys this is what's making all the news and this is what's also explaining this explosion in price that we're seeing right now right we got bitcoin moving to 63 000 we've got ethereum up as well it's pumping everything is pumping guys so two point four k almost for ethereum right here so today's episode is going to be super focused it's going to be focused on the coinbase listing and some deeper analysis of what it means because i i felt that was what's lacking because i i've trust me i spent the entire morning right looking of like everything about this listing and uh there's a lot of things that people don't talk about so there's a few aspects that are not spoken like what the investors the original investors are going to do once coinbase list hint hint they are very likely going to de-risk all right that's that means they're going to sell a little bit and buy a little bit of bitcoin and other crypto assets and there's a very good reasoning behind that too so i'll talk a little bit about that and why this means it's really great for the whole cryptocurrency ecosystem i mean right now we're in this most explosive phase of this mad panic to buy exchange related coins because coinbase is listening because of that evaluation let me just put everything to perspective here i think what let me just find the article that put this into perspective in terms of uh the valuations here because coinbase right now uh why it's making some major headlines too it's because of the 100 billion dollar plus evaluation that's going on so it's it is it is pretty damn massive in terms of what's happening so just all right so by contrast so the ice okay intercontinental exchange which is run by the new york stock exchange has a market cap of 65 billion dollars and whilst nasdaq has a market cap market cap of 25 billion dollars so think about this this is like coinbase is massive right this this blows people's minds like it's just simply it's it's like i think people who don't understand crypto will just think this is just total fluff right but what we've been consistently seeing is that these crypto markets are outperforming everything else out there right we've been seeing people especially the younger generation demographic they don't want to touch the overpriced property you don't want to touch gold stocks not as interesting but crypto that is what is hot right now right crypto nfts we got that fever pump going we've seen coinbase performing drastically outperforming if you saw coinbase's q1 right they did a 10x on their revenue in the first quarter relative to last year this is the growth of the cold cryptocurrency market right now and this is why everyone is looking at crypto but i think a lot of people don't understand i think a lot of people they're they're looking at coinbase and they're trying to figure out oh you know what's going to happen with the stock right i mean at this current point it's super super crazy to speculate the stock of coinbase because right now there's going to be both a lot of hype and a lot of fud but what's interesting is regardless of how coinbase performs right regardless of how coinbase performs crypto is going to perform well i think that's the crazy part about this so anyways we're going to take a look about um everything today uh the markets are a little bit insane and uh just beyond insanity i mean if you look at um binance coin right binance coin right now has a market cap of 87 billion dollars so yeah yeah this is what's happening so coinbase fever is taking over people are looking at all these exchanges people are panicking about crypto and i think this is just going to start there's a um yeah and this is why i'm making the video today so anyways let's do a quick analysis later but let's talk a little bit about the coinbase listing and the mechanics of that so if you want a good indicator so let's just start off if you want a good indicator of what coinbase is going to list that so the best way to do it is via ftx so right now ftx has um see the coinbase okay so this is a pre-trading cbse right so this is the one way to find out what the coin coinbase is going to list that it's an indicator right so cbse has been trading on ftx for a while now it's not identical to the coinbase stock but what happens is that is coinbase's market cap divided by 250 million right so this is um this is their pre-trading stock for coinbase and this has been trading for a while and it's got price history and there is volume trading on this so this is not the official coinbase stock and what's going to happen on ftx is that at 2 p.m hkt they'll convert to cbse um um on april 14th so utc that's when they expect it to list so coinbase is going to list that a little bit a little bit more shares all right but this is a good indicator what's happening so anyways this is this is um an indicator of the market cap of coinbase so anyways right now it's being traded so you can definitely see that hype coin on the past few days like it's just on a rocket ship up right so from all the way from april the 8th it's just been taking off from 500 to around 600 right now we kind of saw the peak fever of this roughly around 12 hours ago shooting up to 600 so what does that mean for the market cap of coinbase so if you do a little bit of a math here so this is the current value of coinbase cbse so i'll put 589.1 over here and you're going to multiply that by the shares all right and this is the market cap of coinbase so right now right right now the predicted what ftx exchange people are trading on there um with the traders there on ftx think is that coinbase is going to be valued at 147 billion dollars right this is just total insanity this number is even bigger than what you have on cnbc you know cnbc is quoting a hundred billion dollars but right now ftx traders are trading this at of 147 billion dollar evaluation so this is like three times of that of um ice and whatnot so this is there's just total insanity right so there's definitely a fever here and what's going to happen is on the listing this is going to be publicly traded on nasdaq it's a direct listing it's not an ipo it's a direct listing it goes list on their boom it's traded on exchange and expected time is of course uh today right so april 14th is the expected time obviously there could be some things in between um sometimes you know even if they smash the hammer it might take an hour or so for this um for it to be officially traded on nasdaq sometimes things happen but if all things go well right we're expecting coinbase to to hit um nasdaq floors and we're going to see real traded coinbase we won't we won't see this expected stuff it's going to be live now what's going to be interesting here is obviously um for me personally i didn't invest in coinbase i wish i had uh but what's going to happen here is i feel like what is this going to be huge for bitcoin is because of the early investors in coinbase right so if you did the research you know that coinbase had a lot of early investors like andres and how it's union square ventures and even a lot of universities so this is kind of interesting because i did some research around this i mean we saw articles on this earlier in um a lot of newspapers like the harvard endowment found a yale endowment found found fund um they've actually invested in coinbase they just they haven't disclosed how close disclosed how much investment so very likely very early on when coinbase was making its rounds uh these even these big universities right so you kind of just kind of know like this was like basically means that's been passed around a few circles already and even in the coinbase annual report they didn't name a single university they know that university endowments got a mention right so what we know is it got a mention in the filings oh yeah some universities have invested in us but they didn't name names right this is uh this is an interesting part so we're kind of guessing harvard yale etc but what's interesting here is that they got in at lower evaluations definitely not a hundred billion dollars and they're going to be very likely making those 100x gains right this is where if you're an early investor into coinbase this is when you can cash out because the moment it gets listed on nasdaq there's going to be a lot of liquidity right it's going to be open to the public people who want to invest in stocks they can have exposure to your stock coin this also means that this this is a liquidity generation event for these people which means that these funds have the opportunity to cash out either directly and i think this is um it depends on what the locks up are but something that's kind of quite important to remember is that during these liquidity events right when there's a huge amount of money being thrown at this and huge amount of trades people can also sell their unlock tokens too this is something we've seen in crypto all the time during these major key events the moment it happens there's going to be both otc and contracts being signed for people with either lock tokens unlock tokens and they can cash out i think this is very important to remember so this is a huge liquidity event for people who have or have been holding coinbase right this is the if they've been able to get their hands on coinbase pre-market they're going to be able to make some massive gains i think it's uh it's beyond obvious at this current point so why is this important why is this good for bitcoin it's because at this event if people cash out what are they going to buy right so so you assume right so you assume let me let me draw this up for you guys here so all right so you have your union square ventures square square you have your universities uni you have your andresen andresen also all these month all these guys they made massive gains right this is like very very clear and even if they say they cash out say 10 percent 20 percent off their coin coinbase right if they cash out coin because why not you know i think at some certain point they're they'll almost be forced to cash them up it out right i just saw my video um i have this very stern look on my face i just saw my video get frozen here but anyways let me continue let me just hide my face here but um but yeah what do you think they're gonna do right they're gonna cash out they're gonna have to either keep that as usd which they probably know usd is on a downward trend right now because of how much is being printed what are they gonna do right they've already got this interest and what the rumor is right what the rumor is is that there's good they're gonna go to btc all right they're gonna take some of the profit take some of the profit off coin right they've already made their 100x off coin right why not go into btc so this is the key point this is why it's good for bitcoin it's good for eave it's good for alts because anyone that's invested so these are the investors um invest investors so these are the early investors of um coinbase and sometimes you know like um what happens with um investment is a lot of traditional funds they might not even know what they're doing right maybe some people helped them get into coinbase they saw that was hot they saw this cryptocurrency exchange that was going to be up they made an investment coinbase they made these huge gains now with these huge gains what are they going to do well very likely they they got their attention they got the attention of their investors they made some gains now they're going to take crypto very very seriously i think this is some key point to remember here is that this is kind of like the it's kind of the trojan horse so so that's the way to view coinbase listing it's the trojan horse right it got people it made people a lot of money right now it's really entering wall street and these wall street bankers are just like okay look if if they've already invested they're gonna be partying like till the sun don't shine anymore right because they just made so much money off coinbase already like this evaluation at 140 billion dollars if that's if that's gonna be what the the projection is then yeah um nobody lost money on coinbase let's just let's just say that so they're gonna be partying and all their peers who didn't invest they're gonna be super jealous right that's that's just the way it is so obviously that jealousy is gonna lead to the fear of missing out so this is what what we've seen in the markets already right the markets have already responded with coins like binance coin because binance doesn't have an ipo right and binance already stated they're not going to ipo so all these other people who missed the boat right they're they're looking at the coinbase investors who are partying and say okay i need to be on the next one all right they're gonna go to the exchanges sure but also they're gonna go into crypto because right crypto is where it's at it's like this is this pretty much established where crypto is in the terms of the marketplace if coinbase did a shitty listing obviously that was going to bring down the market right because everyone's going to be oh yeah you guys are all losers ha ha ha look at your party it sucks but right now at 147 billion dollars no one's going to complain so so that's the current point so this is already happening i've already talked to people and there are already like institutions are teaching coinbase investors how to buy bitcoin all right so this is already given this is already like this is already what's happening how how do you sell your coinbase and how do you buy bitcoin all right if you're a family office yeah we'll teach you we'll teach you here here here here's how to do it all right so this is already a given this is already happening and this is what we're kind of seeing on the market right now so the market movements bitcoin ethereum they're definitely responding to this there's that in that influx of interest obviously the the growth has not been too exponential right there's not been too exponential and one of the reasons why is that previously what we saw was that this is kind of priced and people knew that this was happening this is kind of priced in already but but because the listing is going out so well because i think you know this evaluation is freaking people out right if you look at these numbers i showed you here it's beyond expectations we're moving up even more at this current point now the other side effect of this is because people have invested into coinbase right because quite a few groups uh venture capital groups have invested into coinbase now they're going to be much more active talking about it right because i said you know they're going to be partying about it they're going to be um now be going to be much more open about investing into coinbase and investing in crypto right because they've already made their gains and also like if if they've been exposed they have to say good things about crypto that's that's your kind of other thing right you kind of realize that a lot of funds they they stay very neutral or they don't want to take like reputation risk a lot of times that's what we kind of saw in 2016 2017 levels a lot of people a lot of funds were buying crypto but they didn't want to have the immediate reputation risk right so they kind of just secretly bought up stocked up even something like um but this year what we see is very different is that these funds are coming out and say oh yeah we do owe bitcoin you know we got elon coming out and saying yeah i've been in bitcoin for a while now you know previously the harvard harvard endowment fund yale endowment found fund they're slowly coming out and say yeah you know actually we bought some coinbase earlier and this shit is top notch but they did this when you know very early on they did this 2017 2017 when the whole world was shitting on bitcoin they didn't they they didn't want to put their reputations on the line and say yeah you know actually guys they secretly just bought and then this just maybe they even shat on bitcoin a little bit too you know that's that's how the world works right but now that the mains now that mainstream both mainstream media and of course wall street is you know just just parading about uh crypto they're coming out so anyway so that that's kind of what's happening that's what my take on it obviously the growth is insane i mean if you look at the filings if you look at the numbers obviously coinbase's q1 was just massive right like this year the amount of trading on coinbase it grew by not just like a few percent but it's like 10 times more trading in the first quarter and expect that to increase right if it's like as long as this market is riding out coinbase's profits it's like it's almost like a self-fulfilling profits it's like a self-going engine right self um autocatalytic right like i need to find a sexier word for it it's a self-perpetual engine so the more point base goes up the more crypto goes up because it kind of feeds on each other and then the more crypto goes up the more trading coinbase has and the more revenue they have which means they go up even more right so we're having this this feedback loop obviously there is a bit of risk to this so i'm not you know like i'm rolling back the moon boyism a bit right there obviously there is a risk there's going to be at some point where in these numbers keep going up to a point where someone's going to take profit and we're going to start to see uh the start of a bear cycle right we we saw pre um um a little bit earlier that people some people are bearish i think just before i started this chat uh i was talking to rob sorry to throw you out there rob crypto but he was a little bit bearish because he's just saying just this activity is a little bit too frantic but let me remind you right let me remind you 2017 when things blew up right it was bananas right like the last bull run was total insanity like towards there were like two three weeks during that bull run where things not just like doubled but like four to six x in the space of a week or two right that was in total insanity that we had and this is something that i'm expecting to see yet again right this is why i'm so bullish they're they're obviously you got to think of an exit strategy but at this current point i feel like we're still early on we're still early on like if you look at the rainbow chart uh rainbow chart is something i always see the bitcoin rainbow chart like i feel like um you know like we're here we're at the orange level yeah we do definitely see some of that heat but we definitely don't see some of that insanity and you definitely see that insanity right look at the bubble territory in 2017 right like that increase from 7 000 to 19 000 that's thing it'll be going to be an explosion we're going to see and i think this chart is actually playing it safe right like if we if we see that explosion to like say 14 sorry 140 000 for bitcoin i think it can go up beyond that too this is the crazy part because this year i feel like this the setup for this year is just absolutely insane not just bitcoin going up but the whole world market going down right whether you're talking about what's happening with the turkish lira what's happening with like the money printing that's going on in the states yeah uh so it's a combination of these two factors so i feel like yes uh we definitely seen some explosive growth for bitcoin but i i don't think we've seen the insanity yet at all whatsoever so anyway so you know as we speak right now coinbase just shot up again to 600 on ftx um so yeah so that's that's kind of the insanity that's kind of kind of my take on it obviously you know following this there'll be etfs there'll be more institutional interest and also of course there's going to be a lot more interest in the entire space overall because there's already been major gains on both coinbase and on bitcoin a lot of funds will look to diversify their assets right that's just a given right now so if you look at the time scale you know going from crypto is a total scam it's a bubble it's going to go to zero in 2017 i mean that was kind of the narrative um you know 2012 was even worse but going to that this year you know bitcoin being a store value that's kind of the narrative coming in that this is a this is an asset class people should look at now it's becoming okay look what's beyond that right even institutional investors are going what's beyond this and something that we've been seeing is that crypto vcs are just massively growing as well right so dedicated crypto funds i mean you've obviously guys the big names are just like that they're through the roof right now andreas and howitz you know a16z and also union square ventures they just blew up right so now there's more and more family offices either starting up their own crypto investment for arm or we're going to see more crypto more crypto vcs and they need to expand beyond just bitcoin right this is why this whole entire market this whole altcoin season is just kind of exploding right now you just see just like just green everywhere right so yeah so very very bullish obviously i've contained my risk so i think it's kind of important to realize that um you know um risk management is important you know this is not financial advice and the reason why a lot of people fail is because they fail at risk management right they they get super excited they buy one thing and then they hope it goes well but then you know sometimes this market can have some severe turbulence right and you can kind of see the happening with um funding rates so we'll just take a look at these funding rates so what what are funding rates funding rates are rates that traders like leverage traders have to pay right these are um if it's positive then it costs roughly for bitcoin almost 0.08 percent every eight hours to hold a leverage long position and the way crypto futures works is that the more traders buying longs the more traders that feel that the number is going to go up that bitcoin is going to go up the larger the funding rates are so this is why it's kind of interesting to look at these perpetual future funding rates you can get a big indicator of what the top traders the big traders the whale traders are what positions they are taking and in which direction they're taking it right so the more green something is the more bullish they feel so obviously right now if you can look at the alts some of these funding rates are insane i mean if you look at bnb you're paying 0.4 percent every eight hours so every day you're gonna be paying around 1.2 percent to keep that position alive so people are willing to pay that funding rate and this goes straight not to the exchange but straight to the short holders so people people it's like heavily promoting people to short these coins right now but people are unwilling to are unwilling to do so right so this is a good both good and a bad side all right so why is a good side it means that the top traders are extremely bullish they want to start they want to leverage they want to take that long position they want to they think that the market is going up and there's a there's a there's an imbalance the people who i think it's going to go up are much greater than people who think it's going to go down but that being said of course leverage is also dangerous for this market too because there comes to be a situation when bitcoin does drop and people who have leveraged positions if they are over leveraged right and we've seen this happen many times before if they're like say a hundred percent leveraged if bitcoin goes down by just one percent their position is going to be liquidated right and this this liquidation is automatic it's um it's just like it's a snap of a fingers bam the exchange doesn't call you right people think oh this is a margin call no one calls you right the exchange just takes your position and just sells it on the market right which causes cell pressure so this is why in a lot of times in crypto we have these huge spikes right these huge spikes of price movement both up and down um it's because of large liquidations right i think i don't i don't really need to show you guys that but um this is this explains why we have these sudden you know these barf simpson movements what you people call that etc um that's why they're so such insane movements because of the amount of leverage we have here so yep be pretty sure that there is a lot of um uh leverage on this market right now so be expect expect a lot of volatility i think that's what a lot of traders don't have like if they're over leveraged in this situation i think that's not wise either i'm not taking too many leverage positions i just hold um it makes more sense for me to do so so at this current point you know we just broke out of this major resistance that we saw this is why it's such an exciting time for both bitcoin and for ethereum it's just total insanity at this current point so yeah so we have this breakout happening we're going to see some major action i mean the moment it goes live so right now obviously we're still a few hours from this going live you know america is going to go sleep and then they're going to wake up to um the news at the what coinbase's listing price will be so we have these predictors up here we're going to see what's going to happen i'm pretty excited that's pretty much my take on what's happening going on i definitely feel that um overall the the two biggest factors here are that funds that have already invested into coinbase they're going to de-risk they're going to sell and they're very likely going to invest both back into crypto or into other exchanges to just kind of power and more money row in that more money right and the other reason is that now it's much more kosher to talk about crypto um in wall street that means that institutional other institution investors are much more willing to go in because they've already seen these solid gains they've already seen their peers cash out those gains um massive gains that's where um the fear of missing out really comes in so i definitely think the rainbow chart like you know you guys see me referring to the rainbow chart a lot but uh rainbow chart of fomo does actually work and i think that's kind of what's happening at this point and even i see a lot of people means uh across canada says no i'm awake i think yeah i think a lot of people won't even sleep tonight in that case oh uh it's it's crazy it's crazy but anyways i wanted to keep this episode short guys today so that's all i wanted to talk about coinbase and what's happening i just want to fill in a few more things about what's happening today so the other thing i'm keeping my eyes on today is genesis charts they're doing the um the pre-ido today so that's popping up uh trust swap there's a new video that's launching very soon that just finished up that video and there's also another flash launch coming onto flat trust swap which is more more defy is coming up on the trust watch launch pad and the other big thing is on ethereum ethereum is going to do a network update very soon so i didn't have the article here but okay berlin hard fork uh what's happening so that's also going to happen today um nothing too much as serious is going to happen all right so there's nothing you need to do but i just want to just make you guys aware that the berlin hard fork is going to happen today and um i think a lot people are probably going to freak out you know uh you're not going to double your eve your your all your eve is going to stay the same it's really a back end change and there's a gas structure change as well so that you there's this expectation that you might have to pay a little bit more for gas that's not fully confirmed yet but that's a possibility certain operations are going to cost a little bit more in terms of gas cost so anyways um the best one yet again just just look at the um berlin hard fork explain like i'm five um explanation of it um there's going to be a ton of scams like going around this it's going to be insane um yeah that's going to be happening also um black film girl says bnb will burn tokens tomorrow so i think that's what a lot of people are looking forward to um and then we got christopher alba thank you for telling people to smash the likes or be beaten that is like dude smash up the likes guys we have how many people here we have 700 people watching come on guys come on guys let's do 200 likes in this video if it gives you information and intel that you don't see on other channels just smash up those likes it's the least that you can do all right all right cool cool cool um ali smith hernandez says what other coins do you think they're jumping into so a lot of people are asking me about what cycle is next i actually think the d5 cycle is coming back again you know looking at just how much d5 has changed it's one of the big pillars of crypto already i feel like the last cycle that we saw was very heavily driven on non-fungible tokens those nfts those are getting super hot but i think d5 is going to come back in another big cycle because of just how much the whole network has achieved right um so yeah so i'm looking quite aggressively into d5 products right now uh someone with um i saw ali smith fernando's talk about um alliance block i've actually have a scheduled interview with the guys folks at an alliance block i did make an investment recently even though the coin has gone up like crazy amounts right i'm like you know what these guys are doing some crazy stuff why not talk like why not both invest and then talk and then research like go deep into that right that um especially people who have experience in traditional finance which is what the ceo has like a lot of experience in traditional finance get their take on everything that's happening so yeah expect um expect more to be there and then someone koozie says cyberfy will be crazy i'm still holding cyberfy and it's been an insane ride like i've been holding it since like what three dollars four dollars now it's like a 40 this place is just absolutely insane guys so i so stay safe folks um you know uh hope everything goes well and uh we'll see you guys very soon so across canada says 500 people watching with 700 on here that's what i see so um yeah uh smash up those likes so thank you guys for likes i just saw 80 something likes pop in we just had a almost an 80 increase in the number of likes guys thank you guys so much for this we got uh doan doan r6 is ada ftw um i'm getting a lot more exposure like i just drastically increased my exposure to a lot of other coins too um including ada why not this market is absolutely insane so anyways we'll talk a little bit more i i just saw some like videos like i saw ran neuner actually do a video on his portfolio and in fact um i'm actually going to do a stream with ran tonight so if you guys want to catch me on there you know you guys probably know i'm producing a lot more content now i'm just like like ramping up everything so i'm gonna be on crypto banter tonight so crypto banter uh so yeah see you guys there i mean uh yeah this guy i love it anyways guys like i love those funny faces it's this youtube thing i need to get back on this like like crazy faces on youtube things going on i think that's that's what people love right you know so anyways guys um yeah thank you guys so much for watching see you guys on crypto banter if you guys want to find me there if not there's next stream coming on friday more videos coming up as well last video was super cool um the one on x5 so yeah check that out yeah see you guys next stream cheers bye peace i like to take the time now to tell you a little bit about everything that's happening in the box mining ecosystem first and foremost if you guys like listening to all that's happening in crypto on the go then i would highly recommend you checking out the box mining bitcoin out of the box podcast and the reason why it's called bitcoin out of box is because we have a long interview segment very much exploring the detail of the newest and latest of what's going on in this whole cryptocurrency space whole 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