Interesting Turn Of Events for COIN Stock

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(Edited)

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It's going to be a busy day in crypto land and the stock market as the first ever exchange gets public listing on NASDAQ. That stock ticker being COIN.

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Stocks & Binance

Binance as of a few days ago allowed buying of the stock TESLA ticker TSLA on NASDAQ. These tokens get exchanged on the binance network and represent one share of TESLA.

With Coinbase going public today ticker COIN Binance has also announced it will allow for trading a token on their exchange which represents one share of COIN.

This makes for a rather interesting move. A somewhat centralized exchange is now tapping into stock markets. I am for sure there is going to be some blowback from goverments about this sooner than later as I'm sure COIN and TESLA wont be the only two stocks they list on Binance.

The question is do governments really have any right to combat this and in trying to do so will it even amount to anything.

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The Mega Corp Takeover

In one way this is a good thing as it shows banks and governments losing control. However on the negative end it's showing more mega corporation take over compared to ever before.

As much as we have strived to make things decentralized for some reason money flows into more centralized platforms such as Binance. Is this because centralized systems offer some type of security while decentralized all we ever see are rug pulls without any reproductions?

I often hear from people including in discord chats that they invest in some crazy new crypto or DeFi project and later find out it rug pulls and simply shrug it off and laugh. But honestly that is super damaging to the decentralized system we are all striving for.

In being decentralized each one of us is responsible for our own investments. The more you don't research and invest into shady DeFi projects or shitcoins the more damage it does to the entire system and yes YOU you the investor are at fault for allowing this and fueling it!

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Stock Gains

If we look back at when Tesla was listed on Binance as being listed it looks like the price jumped from $677 to upwards of $750. However as of today the stock has already dipped. This is what I expect from COIN Over the next 72 hours as hype around it continues to grow along with it the Binance listing now. This should overbuy the stock quickly and make those IPO investors sell off take their gains and then buy on the dip around about 5 days or a week.

This is a process we see over and over again with IPO launches one of the more recent big examples of this was Twitter back in Nov 2013. A massive rally for the first few days leading to a heavy sell off buy sell buy sell and then leveling off. It wasn't until just a few months ago that twitters stock price finally climbed it's way back up to the 4th day of the stock hitting the market.

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What are you thoughts?

What will binance listing stocks mean for stock prices as well as government interaction?

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11 comments
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The way I see it, things are getting out of the regulators' hands. Stocks backed crypto will make sense to many investors including myself.

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Fully agree with this. They seem to be losing control faster and faster and being as slow as they are are having major troubles trying to make sense of it all. It's enjoyable to see.

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What would be real interesting is if the "tokenized" stocks got wrapped onto Binance Smart chain or as ERCs. TSLA or COIN in defi would be fascinating. (Wen CUB/TSLA pool? Lol)

FTX is in the lead with stock trading in crypto, but Binance will play catch up fast now they have started.

Definitely a fascinating development to watch.

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Now that would be epic and seriously interesting to see how that played out. There's a lot of options. I never heard of FTX before so going to go look into that and research it a bit thank you!

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I saw the tokenized stocks announcement by Binance but I didn't understand it at first. This post made it a lot clearer so thanks for sharing

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Until the big players become DAO its difficult to feel super positive about any major power-wielders. Governments, Corporations, Whales, all subject to the pitfalls of human nature and corruption. Not that I mind really. Humanity has always been unpredictable, its part of what makes society so fascinating, even when it hurts! But I cant help but feel like DAO's could pave the way for whole new modes of operation that could nudge humanity towards a brighter future. Nothing will ever eliminate corruption I doubt, but cryptocurrency and decentralisation offers an opportunity for us all to shift the outrageously top-heavy balance of old money and perhaps even eliminate world poverty. Ouch, I cant believe I can hear myself saying that.... is it really possible? Can humanity achieve such a beautiful goal for itself? I don't know.... but I do know that when we see coins and stocks emerging for true DAO's with visions of the world that align with humanity and planet as one sustainable and self-compassionate whole, that's when I'll start to feel like this revolution is REALLY happening, and I might dare to feel excited for us all. Big love folks x

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FTX has been hosting tokenised stocks for a while, I guess that is where binance got the idea.
I believe they even use the same partner.

The only thing is going to be the clearing of securities when it comes to that but the regulators and governments are way behind. so are the banks.

I might pick up some COIN but like you I am waiting as I also believe it will dip in a week or so

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This is really going to be a war, just like the oil war years ago.

The good thing is that everything is flowing towards mass adoption, and just as today you can't live without oil, in the future you can't live without cryptocurrencies and blockchain.

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