They are putting together a solid team and have excellent potential. But fighting AMZN has been a losing venture for a lot of firms so it will an uphill battle. Will be interesting to see how this plays out and see if they can innovate.
BABA, MSFT, AMZN, Salesforce. Or any stock that provides cloud storage services for that matter. Will be (and currently is) in high demand as AI and quantum computing will require copious amounts of server capacity.
I totally see your point of view. Amazon already has a trillion dollar market cap and the laws of stock physics likely don't see AMZN doubling in value as many times as COIN can. I trimmed some MSFT and AAPL for the same reason to reallocate profits into COIN. Gotta take profits from time to time and trim some of your winners.
Imagine going to a store, waiting in line to pay, when you get a guy to piss in a bottle just to deliver your shit right to your home the next day. AMZN 11/19 3500c
Basically set up with a condor on AMZN between 3300/3500 expiring next week. Just need to collect some of this theta to get back in the game. Caught a lot of knives in March...