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Coinbase made a billion dollars last year. I think the investors are pretty chill with whatever.

• iandanforth 9y ago
  https://www.recode.net/2018/1/22/16911692/cryptocurrency-bitcoin-trading-coinbase-revenue-secondary https://www.recode.net/2018/1/22/16911692/cryptocurrency-bit... As they say "Taking cold hard cash via commision m-- f--" - https://youtu.be/wM6exo00T5I?t=76 https://youtu.be/wM6exo00T5I?t=76
  • username223 9y ago
    > Bitcoin is altogether only worth about $175 billion in market value as of today’s trading price of about $10,500 Heh -- around $6,600 today. I guess it's true what they say about gold rushes: the people selling shovels are the only ones who really make money.
    • schraeds 9y ago
      And about $660 18 months ago. Important to maintain perspective in matters like this.
      • username223 9y ago
        I agree -- BTC is an extremely volatile speculative vehicle. God only knows if it will be worth nothing or everything in 12 months, but everyone with two brain cells to rub together knows not to treat it as a currency.
        • kolinko 9y ago
          It doesn't mean it's not a good investment though. High ROI goes with high volatility and high risks for all investment types.