But most of them are naïve about supply and demand, bear market liquidity, the true driving force behind cryptos (speculation), and what they believe they know that is simply unknowable.
On May 12, I discussed Bitcoin Margin Calls, Waterfall Events, and People Pretending to Know the Unknowable
On May 14, I noted El Salvador’s bonds Sell for 40 Cents on the Dollar, What About Bitcoin City?
El Salvador has models. President Nayib Bukele tried to sell bonds backed by Bitcoin but there were no takers. But he is buying the coins.
Michael Saylor, CEO of MicroStrategy (MSTR) bet his company on Bitcoin. El Salvador president Nayib Bukele bet the country.
Both did so with Bitcoin above $30,000.
It’s licensed to trade in 40 states in many decentralized crypto markets, including Bitcoin. It also serves Litecoin, XRP, Ethereum, and 22 other investments, as well.
Coinbase has become famous for its investor protection, as well as its simple user interface. People can easily invest, trade, and stake crypto using Coinbase. By referring people to Coinbase, you can earn money as their affiliate. In order to make a profit doing so, you need to know the ins and outs of Coinbase affiliation.
- How to Make Money as a Coinbase Affiliate
- Coinbase to invest profits in crypto
- Coinbase to invest profits in cryptocurrency
- Coinbase to invest profits in cryptography
- The Takeaway
- Where is Bitcoin headed?
- More noteworthy Tweet discussion
- Retail distribution is the coinbase model
- A word about the future
- Pretending to know the unknowable
- What is a Coinbase Affiliate?
How to Make Money as a Coinbase Affiliate
Becoming a Coinbase affiliate in the simplest sense can be achieved in a few clicks. Visit the referral page on your Coinbase account, copy your unique referral link, and email it to your friends. That’s it.
Coinbase to invest profits in crypto
We are long term investors and will only divest under select circumstances, such as an asset delisting from our platform.”
The post adds that future investments may be informed by its customers’ holdings, suggesting Coinbase may add an asset to its balance sheet should users make significant custodial deposits of a given crypto cryptocurrency.
Coinbase will make its trades on third-party platforms or via its over-the-counter trading desk to avoid creating conflicts of interest with its customers.
According to Crypto Treasuries, Coinbase is currently the eight-largest public company by Bitcoin holdings on its balance sheet, and the largest crypto exchange by value of BTC held in its treasury.
The news about new expenditures on crypto comes just a day after Coinbase completed its Japanese launch in partnership with Mitsubishi UFJ Financial Group (MUFG).
Coinbase to invest profits in cryptocurrency
The platform could also face new tax-reporting requirements under the roughly $1 trillion infrastructure bill in Congress.
The exchange platform listed on the Nasdaq in mid-April and is roughly flat based on its $250 reference price established before its first trade and its $342 closing peak on April 16.
Coinbase held a direct listing instead of a standard initial public offering, meaning that the company didn’t raise money through the process of going public and doesn’t have a traditional IPO price against which to measure the stock’s first-day rally.
Earlier this month, Coinbase posted net revenue of $2 billion in the second quarter, up from $178 million a year earlier and $1.6 billion in the first quarter.
Coinbase to invest profits in cryptography
From your social media accounts, including Twitter and Facebook, you can send the referral link directly from Coinbase. Using your email, you can import your contacts to your Coinbase accounts and refer everyone at once.
Coinbase allows you to refer friends to their platform with no limit.
Those with huge networks of contacts could potentially use the trading platform to make a major profit in addition to their own investments.
Coinbase affiliate refers to people who trade and invest using the leading crypto trading platform, who also want to make extra money on the side referring people to the site. By using social media and email contacts, those with Coinbase accounts can potentially make a killing off their membership with a referral link.
Ethereum’s Ether , the second-largest crypto by market value; and $34 million of other crypto assets, according to public filings.
Some of the largest publicly traded companies now include digital assets on their balance sheet, a growing trend in 2021, include MicroStrategy (MSTR), which holds bitcoin valued at nearly $5 billion, as well as Tesla Inc. (TSLA), which owns some $2 billion in bitcoin. Galaxy Digital Holdings holds nearly $800 million in bitcoin.
Recently, Coinbase said that it had built a $4 billion cash stockpile, as it prepares for closer scrutiny from the likes of the Securities and Exchange Commission’s Gary Gensler and others.
However, just because you emailed a link to a friend doesn’t mean you’ve become an affiliate tycoon overnight. The question is: how do you use affiliation to make a profit?
Here’s how referral profits work. Once you’ve sent the referral link, that person has 180 days to make a Coinbase account and being trading.If they buy or sell crypto within that timeframe worth at least $100, you both will earn the referral bonus on your account. This bonus amounts to $10, or its equivalent in your chosen exchange.
Coinbase wants you to refer traders to them. Therefore, they make it easy to distribute this referral link in your network. If you have a website, you can send the link to your readers.
Most ETH holders didn’t hold their ETH long term, but instead traded their holdings for other cryptos that were spawned on Ethereum during these various speculative crazes.
Every other crypto besides Bitcoin is better thought of as a digital penny stock. You won’t hear this from Coinbase though.
But the data above highlights how continued demand for Ethereum has been driven by its switching claims from being a platform for ICOs, to DeFi, and then NFTs (which nearly all underperformed Bitcoin).
Will Coinbase even survive?
For discussion, please see Cathie Wood Provides Lesson of the Day: Don’t Invest in Fairytale Stocks
Where is Bitcoin headed?
I have frequented commented “I do not know and nor does anyone else.” The same applies Ethereum and all the rest of the coins.
That said, I suspect Dogecoin has a date with zero. It was started as a joke. It’s now down to $0.085 from a Musk-inspired hype high of $0.74.
Anyone who got in on the “Musk high” is down 88% with almost no chance of recovery in my estimation.
More noteworthy Tweet discussion
Retail distribution is the coinbase model
A word about the future
Pretending to know the unknowable
No one knows where these coins are headed or in what timeframe.
Yet, every day people pretend to.
Coinbase affiliate refers to people who take advantage of the cryptocurrency platform’s referral program to make a profit. Doing so successfully requires a website and a proper understanding of how being an affiliate works.
Cryptocurrency represents the fastest-growing system of exchange in the world, but it takes knowledge and skill if you want to start profiting from it. Read on to learn about the Coinbase platform and the steps you need to take to make money being one of its affiliates.
What is a Coinbase Affiliate?
Coinbase is a mainstream cryptocurrency trading platform. It allows people to invest, both personally and in a retail capacity, and trade crypto with other investors. Since 2012, Coinbase has been the largest and most well-known of these platforms.