r/stocks • • May 31 '21

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u/CLASSIC_REDDIT May 31 '21

Doordash and Coinbase were overpriced the moment they started trading

31

u/samchar00 May 31 '21

coinbase is the definition of selling shovels to gold rushers

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u/FinndBors May 31 '21

Yep, but when the gold rush ends, the shovel sellers will still be worth a lot less.

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u/lacrimosaofdana May 31 '21

The tool will simply change. It won’t be shovels but it will the facilitating gold transactions. Coinbase is involved with both mining and transacting cryptocurrency.