Chef Ramsay
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January 21, 2015, 01:53:43 AM

yea, those fuckers know where the money is: exchange and trading fees.

bitcoin price? who cares? we can charge fees for every transaction even if bitcoin is trading at 10 $.

Bravo... is this so hard to understand? Bitcoin will do the same job regardless the price, so why not eliminate the risk of the crazy volatility by investing in a company that makes money from these hopeless delusional libertarians.

Edit: Beside, even if Bitcoin fails and if we get a Bitcoin 2.0, these companies will still operate, while Bitcoin bag holders will lose it all.
But, they'll get a lot more fees if the price is going up signifying that demand is increasing. If you look at Coinbase's statement today, they're looking to break into 11 more countries before the year's end, India being on their list. So, growing demand for bitcoin outside of the current buyers is what they're aiming for and undoubtedly that leads to an increase in pricing. As is, they're doing fine but I doubt the intent of them getting this extra 75 mill was to keep going as is, nor would the investors' intent be the same thing. This all shows that their expansion to new markets will add to a growing demand for the coin and thus continually increasing the price.