The coinbase bundle & new alt listings

[gentlemand]

https://support.coinbase.com/customer/portal/articles/2953945

Anyone going to bother with this? It looks like a sad attempt to prop up the shitcoins they've introduced. Some day they may even acknowledge that bitcoin is actually pretty good.

[milewilda]

Anyone going to bother with this?

What kind of gimmick is this? Purchasing up a bundle for you to get those 5 coins at once?
Still on similar fees then i dont see whats the purpose of such bundle if users cant benefit from it and come to think
not all will purchase other shitcoins including BCASH. 

[BitHodler]

Poor Coinbase, this is yet another desperate attempt to gain back some relevance, but I'm not sure how they plan to book any success with this nonsense. They just have to accept their defeat.

It's impossible to compete against exchanges not bothering to comply with regulations as much as Coinbase does. So no, I don't think it will gain much popularity with how these coins don't appeal to noobs.

If you don't have rubbish such as EOS, XRP, XLM and so forth, the interest won't be there, especially with how this is a product focused on noobs. Feed noobs noob shit, not coins that the elite wants you to buy.

[gentlemand]

Poor Coinbase, this is yet another desperate attempt to gain back some relevance, but I'm not sure how they plan to book any success with this nonsense. They just have to accept their defeat.

It's impossible to compete against exchanges not bothering to comply with regulations as much as Coinbase does. So no, I don't think it will gain much popularity with how these coins don't appeal to noobs.

If you don't have rubbish such as EOS, XRP, XLM and so forth, the interest won't be there, especially with how this is a product focused on noobs. Feed noobs noob shit, not coins that the elite wants you to buy.

Am dead curious to see how utter shit will be viewed by the time this bubble is done. I think coinbase may ultimately be doing themselves a favour by not rushing to list the industrial strength shite, though the bcash launch poos all over that angle.

They're eyeing some giant buyout eventually or becoming the gold standard which means they need a certain level of diligence maintained.

I don't see how anyone could be tempted by this 'opportunity' though.

[1Referee]

I know what they are trying to do.

Coinbase bundle = Coinbase Index Fund for average joes. It's pretty much a fund that's backed by the underlying assets, but made to fit in a less official looking jacket that does not need to be given permission for by regulators. The only main difference is that people are free to sell individual assets, while the official index fund is one product as a whole that can't be altered.

Minimum purchase is $25 but can be pumped all the way to what your daily limit allows you to buy. I think that this is the start of something that we'll be seeing a lot more in the coming few years with how regulators aren't keen on handing over approvals regularly.

Does it ring any bells? Banks creating shitty financial products on their own has lead to a massive economical collapse years ago. I hope we're not going to repeat that right here.

[timerland]

https://support.coinbase.com/customer/portal/articles/2953945

Anyone going to bother with this? It looks like a sad attempt to prop up the shitcoins they've introduced. Some day they may even acknowledge that bitcoin is actually pretty good.

Seems like it.

There isn't even a single tradeable product/token here. All this bundle is is a predetermined amount of cryptos which you buy based on the market cap of each of these alts, and then once you buy them, they are going to end up in individual coin wallets anyways.

There is no difference between this and being each coin directly yourself, basically. And buying it yourself means that you retain control over all of the bought coins, which is not something that coinbase offers.

Seems like an attempt at trying to market these alts which aren't getting much attention on their platform. I'd say only newbies would use this because they're misled by the convenience and they don't have the previous knowledge to understand that this holds no apparent advantages in terms of investing in alts whatsoever, especially when BCH is in that bundle.

[gentlemand]

https://listing.coinbase.com

Looks like they're going full shitcoin now but I wonder how many will pass this process. They clearly see the need to go full shit, like an 18 inch 20 wiper that has to be hacked into three pieces to get it to flush.

[CoinCodex]

Coinbase is aiming to expand its selection of coins, which ones do you think will be listed first?

https://coincodex.com/article/2397/coinbase-looks-to-expand-its-selection-of-coins-with-new-listing-process/

[gentlemand]

Coinbase is aiming to expand its selection of coins, which ones do you think will be listed first?

https://coincodex.com/article/2397/coinbase-looks-to-expand-its-selection-of-coins-with-new-listing-process/

Their framework thing excludes tons of them, that's if they choose to stick to it. Monero seems like an obvious choice but I'll bet coinbase will be too scared to allow it.

I'm a bit stumped as to what'll get in. It's going to be very interesting.

[1Referee]

I'm a bit stumped as to what'll get in. It's going to be very interesting.

I'm mainly interested in how long Coinbase will be ignoring EOS. It will be a massive achievement for EOS itself, and a massive plus for this market in general with how it will lead to more diversification of the utility platforms. Noobs massively flow into Coinbase with their fiat during rallies, and when they have more options to choose from, it will lead to less Ethereum domination in that field. We all have seen what happened last year.

XRP is pretty obvious in my opinion, it is a security and for that reason won't be listed unless Coinbase has the proper licenses and whatnot, which directly opens the door for Stellar to be listed.

My top five of most realistic candidates;

Stellar
Cardano
NEO
Dash
NEM

[gentlemand]

I'm a bit stumped as to what'll get in. It's going to be very interesting.

I'm mainly interested in how long Coinbase will be ignoring EOS. It will be a massive achievement for EOS itself, and a massive plus for this market in general with how it will lead to more diversification of the utility platforms. Noobs massively flow into Coinbase with their fiat during rallies, and when they have more options to choose from, it will lead to less Ethereum domination in that field. We all have seen what happened last year.

XRP is pretty obvious in my opinion, it is a security and for that reason won't be listed unless Coinbase has the proper licenses and whatnot, which directly opens the door for Stellar to be listed.

My top five of most realistic candidates;

Stellar
Cardano
NEO
Dash
NEM

NEM's closed source in its present form so doesn't conform to their framework though the upgrade to Catapult whenever that happens addresses that. Not sure about the rest.

I wonder how long their framework will last in the face of throwing away humongous amounts of profit.

As soon as XRP gets some form of clarification it'll be straight in as long whatever's clarified is relatively favourable or can be worked around. One thing's for sure, they've certainly suddenly made a lot more work for themselves. They're going to get hammered with applications.

[1Referee]

One thing's for sure, they've certainly suddenly made a lot more work for themselves. They're going to get hammered with applications.

For sure, but the potential reward will be enough to comfort their current growing pains.

If Coinbase manages to become what Binance is right now, or something even close to that, it will be the best move they have ever made, especially with how they have the banking aspect on their side, and they might even be granted a banking license to become a bank themselves. It's an extremely powerful combination that no one in the industry currently enjoys. If Coinbase was listed on a stock exchange, this would be the time to go long.

[gentlemand]

If Coinbase manages to become what Binance is right now, or something even close to that, it will be the best move they have ever made, especially with how they have the banking aspect on their side, and they might even be granted a banking license to become a bank themselves. It's an extremely powerful combination that no one in the industry currently enjoys. If Coinbase was listed on a stock exchange, this would be the time to go long.

Yup. But banking also obligates them to be much more cautious than Binance which in effect has nothing to lose at present as they have few legacy links. Coinbase will protect those banking relationships above everything else.

If they become an ocean of shit that may well get their banksters hot under the collar.

[LeGaulois]

The nature of Coinbase results in the site has no choice but to have a constant income over the months. And since months its traffic is dropping and so its revenues https://www.alexa.com/siteinfo/coinbase.com
So Coinbase doesn't have many choices others than trying new ideas to generate the same revenues it had previously. Remember the time when only Bitcoin was used and how Coinbase was not so open mind to add any new cryptocurrency?

[gentlemand]

The nature of Coinbase results in the site has no choice but to have a constant income over the months. And since months its traffic is dropping and so its revenues

If by now they haven't accounted for dead periods then they clearly haven't been paying attention. They should know better than most.

It's clearly what the market wants. Whether the rest of the market is non shit enough to satisfy the people they're desperate to stay on the good side of is another matter.

[BitHodler]

It wouldn't really surprise me that the current process is more hype based than actual utility based. I doubt we'll see Coinbase list a shit ton of coins just because people ask for it. They'll stick to tier 1 coins and that's it.

If they end up listing more than 3 new coins before the end of this year they have beaten my expectations. It's in their nature to act high class because that's what they are known for.

These developments make sure that the altcoin part of the market becomes more independent overall, and within 5 years the demand to trade Bitcoin versus an altcoin will be close to its lowest ever point.

[figmentofmyass]

https://listing.coinbase.com

Looks like they're going full shitcoin now but I wonder how many will pass this process. They clearly see the need to go full shit, like an 18 inch 20 wiper that has to be hacked into three pieces to get it to flush.

hmmm, didn't expect this from coinbase. when did they launch that? it does look like they're ready to go full shitcoin.

i thought they were avoiding securities, but that's not clear. one example requirement from the "digital asset framework":

There is a plan or built-in mechanism for raising, rewarding, or allocating funds to future development, beyond the funds raised from the ICO or traditional investors.

but then, you read further and see:

The asset is not classified as a security using Coinbase's Securities Law Framework.

this makes me go back and consider the words of SEC chairman jay clayton earlier this year: "I believe every ICO I've seen is a security"

it should make for some good altcoin pumps......

[gentlemand]

hmmm, didn't expect this from coinbase. when did they launch that? it does look like they're ready to go full shitcoin.

It was announced yesterday I believe during an interview on CNBC or whatever. It's certainly going to breed plenty of speculation. And a huge amount of disappointment.