Back for an update on Coinbase... Google trends still shows the search for Coinbase is on the rise along with BTC and other alt coins/tokens. BTC has been all over the financial stations and general media over the last few months and not only are people listening, they are taking action.
It is one thing to hear about the rise in Bitcoin and another to actually take action and purchase it.
The top 10 interest by region for Coinbase. It's interesting that the USA is in the #3 spot as they have lagged behind many countries on past Google trends reviews.
Coinbase is receiving so many new accounts that they are overloaded. (I first started w/CB like a lot of other folks as it is generally the easiest way to purchase BTC, ETH or LTC).
This is the current message on their web based page.
This was the message last Tuesday after shutting down their site on Monday evening for server upgrade to scale up their service. (This is also the day that LTC had huge volume)
The rush into BTC and the other top alt coins/tokens has sent the cryptosphere market cap from 14.5 billion at the start of the year to a current market cap of 521 billion. How is that for a parabolic rise? Is there anything that will pause this run away freight train?
Just wait for all the people that will be coming after Christmas!
Also recently it was noted that Coinbase reached the top 3 most downloaded apps for mobile for the week.
Yeah, in the last blog post that I did had the screenshot from the Apple store which showed that Coinbase was the # 1 downloaded app in the free section. It overtook Youtube...
Retail investors are fulling this run right now. But Institutional investors will be the ones that will slow this freight train (if anything).
Yeah, that is a typical scenario for the conventional markets, it will probably hold true for this one as well. Hedge funds and whales are usually the 'smart' money....
A good sign.
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