Yeah. I think at this "early" (from a mainstream PoV) stage, services like Coinbase and Bitpay are just simply another "VCs+founders betting" on how something might play out in the medium-term future. IF you have a few crashes like that in the short-term BUT Bitcoins "take off" and keep rising in USD in the medium-term, great profit opportunity. Because then, you get your 29.95 while the price has already risen far beyond that, with them pocketing the difference.
If it works out like that, neat play for them. If it doesn't -- "oh well, startups are risky". Fair game for teams that have such stamina. ;)
When it comes to BTC, right now, all bets are off.
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Yeah. I think at this "early" (from a mainstream PoV) stage, services like Coinbase and Bitpay are just simply another "VCs+founders betting" on how something might play out in the medium-term future. IF you have a few crashes like that in the short-term BUT Bitcoins "take off" and keep rising in USD in the medium-term, great profit opportunity. Because then, you get your 29.95 while the price has already risen far beyond that, with them pocketing the difference.
If it works out like that, neat play for them. If it doesn't -- "oh well, startups are risky". Fair game for teams that have such stamina. ;)
When it comes to BTC, right now, all bets are off.