Millions invested in Coinbase. Now what?

[natd]

 Coinbase got 20mil+ investment today. What  does that mean for BTC?

[BitDreams]

"We are averaging 10,000 new customer sign-ups a day..." http://blog.coinbase.com/

In the past I'd be thinking 'if I were an accredited investor I'd be able to get some shares in their IPO someday'... instead I can just buy a Bitcoin today! I'll be using Coinbase this weekend for some holiday shopping. Plan on replacing whatever Bitcoins I spend with a purchase of Bitcoins as soon as I spend them.

[pedrog]

Not much, just VCs like to invest in new technologies.

[dan123]

Not much, just VCs like to invest in new technologies.

Actually it does have a lot of meaning.  Highly paid people big name VC firms hire to evaluate new technology like it.  This is much better than some blogger or financial writer giving their opinion on why bitcoin will or won't work.

[natd]

 I'm  scared to death to get BTCs and their price going down before exchanging them.

[pedrog]

Not much, just VCs like to invest in new technologies.

Actually it does have a lot of meaning.  Highly paid people big name VC firms hire to evaluate new technology like it.  This is much better than some blogger or financial writer giving their opinion on why bitcoin will or won't work.

Napster raised around $100 million from VCs in 2000, closed a year later...

[Siegfried]

I'm  scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

[natd]

I'm  scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all

[BitchicksHusband]

Not much, just VCs like to invest in new technologies.

Actually it does have a lot of meaning.  Highly paid people big name VC firms hire to evaluate new technology like it.  This is much better than some blogger or financial writer giving their opinion on why bitcoin will or won't work.

Napster raised around $100 million from VCs in 2000, closed a year later...

They believed that they could make a deal with the record labels that would be a massive boon for both parties.  They failed to consider how spiteful, unimaginative and self-destructive the music industry is.

[BitDreams]

I'm  scared to death to get BTCs and their price going down before exchanging them.

If you are always holding 1 bitcoin and replace back to 1 as soon as you spend it, what's there to be scared about?

[natd]

I'm  scared to death to get BTCs and their price going down before exchanging them.

If you are always holding 1 bitcoin and replace back to 1 as soon as you spend it, what's there to be scared about?

I have to buy more  real merchandise to resell *in dollars*. I don't trade BTC, I sell computers.

[dan123]

Not much, just VCs like to invest in new technologies.

Actually it does have a lot of meaning.  Highly paid people big name VC firms hire to evaluate new technology like it.  This is much better than some blogger or financial writer giving their opinion on why bitcoin will or won't work.

Napster raised around $100 million from VCs in 2000, closed a year later...

I'm not saying bitcoin is 100% going to succeed. What I'm saying is there are 1000s of articles out there and people giving opinions on why bitcoins will or won't make it.  The research by big time VCs are going to be much better than the average blogger, "Oh bitcoins are like tulips" article.  It does help the cred when VCs fund it.

[empoweoqwj]

VC firms take punts all the time. Some pay off, some don't. My question is what  Coinbase needs $25M for? Comfy chairs? 

[kdrop22]

VC firms take punts all the time. Some pay off, some don't. My question is what  Coinbase needs $25M for? Comfy chairs? 

They are probably using it to :
a) Gain regulatory approval in all 50 states
b) Invest in a Sales team(similar to Bitpay) to increase merchant adoption

[EvilPanda]

I'm  scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all

You multiplied your investment by 10, I wouldn't worry about it. I learned about btc when the price was $100 and sold all at $300. Then bought back again around 500 

[natd]

I'm  scared to death to get BTCs and their price going down before exchanging them.

I'm scared to death of not getting BTCs before their price goes up.

You've got a point. While ago I bought BTC @ $10. When it got to $110 i sold it all

You multiplied your investment by 10, I wouldn't worry about it. I learned about btc when the price was $100 and sold all at $300. Then bought back again around 500 

It's just a wild ride... lol

[Behemot]

If they need investement, they are doing something wrong. With curent trade volume, BTC-E is making something around 10 mio. monthly on fees.

[deisik]

Coinbase got 20mil+ investment today. What  does that mean for BTC?

If they will be able to sell bitcoins not only to people with the accounts in U.S. banks as it is now but also to banks in other countries as well as fully employ other payment methods (e.g. payment cards), then this will surely have a positive effect on bitcoin. Though I don't really know if the investment they got could actually help them change anything in this respect...

[natd]

Coinbase got 20mil+ investment today. What  does that mean for BTC?

If they will be able to sell bitcoins not only to people with the accounts in U.S. banks only as it is now but also to banks in other countries as well as fully employ other payment methods (e.g. payment cards), then this will surely have a positive effect on bitcoin. Though I don't really know if the investment they got could actually help them change anything in this respect...

Why is that? Not enough? How much more would they need, in your opinion?

[deisik]

Coinbase got 20mil+ investment today. What  does that mean for BTC?

If they will be able to sell bitcoins not only to people with the accounts in U.S. banks only as it is now but also to banks in other countries as well as fully employ other payment methods (e.g. payment cards), then this will surely have a positive effect on bitcoin. Though I don't really know if the investment they got could actually help them change anything in this respect...

Why is that? Not enough? How much more would they need, in your opinion?

I was referring to possible legal problems they might inflict upon themselves from authorities (money laundering, terrorism financing and all that shit). So it is not actually a question of how much...