Hey, everybody, I wanted to do a throwback episode for you.

You probably missed this one when we did it back in November of 2017.

And this was an episode of the podcast with this quirky startup that was helping people

buy cryptocurrency online.

The name of that startup was Coinbase.

And of course, today, April 14, 2020, they went public in the largest direct listing

ever.

The first day of trading Coinbase briefly topped $100 billion market cap, a truly stunning

turn of events.

And they're making a lot of money and they're profitable and they're really printing

money because so many people are going into cryptocurrency.

At the end of the day, they closed around $86 billion or $328 a share.

I expect that will go down by half and then start that slow ride back up.

So be careful folks out there.

If you're buying stocks, my best advice to you is to dollar cost average.

If you really love a Coinbase or a Roblox or even an Uber or an Airbnb or any of the

SPACs coming out, if you were going to put $10,000 into it, maybe you buy in five times

for two K each over time, maybe you do three purchases of three or $4,000 because these

things are very volatile in the first year.

And they're not going anywhere.

If you bought Amazon anytime in the first three years or Uber in the first three years,

you feel pretty good about yourself right now.

...