Re: The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread)
Coinbase Doubles Staff Count To 500, Even In Bear Market
News URL : http://www.cryptonic.tech/2018/09/coinbase-doubles-staff-count-to-500.html
Hey Fakhoury:
I am going to take this kind of news from Coinbase with a BIG grain of salt. Coinbase seems to be considerably distracted by alt coin pumping and dumping, so their non-bitcoin distracted ways of striving to make money remains questionable regarding the extent to which the actions of Coinbase is bullish about bitcoin or their distraction into supporting other projects that might really be a kind of indirect attack on bitcoin (the one that brought Coinbase to the dance in the first place).
FWIW, I use Coinbase, and it seems to be a competent and well run company, even if it is suffering from massive growth pains. And I think this massive growth they are experiencing is indicative of the future, where they are positioning themselves. They do have alt coin trading, as any good well run business should, but I don't think it is a distraction as much as just offering the most for the customer which they cater to.
I doubt they will have the resources and time to waste with possible bad investments. Their "Vault" even seems to be a relatively safe way to store BTC, even though I keep mine in off line cold storage.
The big picture of BTC may be hard to see, but the periphery of the industry, as exemplified by Coinbase, is showing the stress of what could be massive growth and expectations.