LTC spiked because Coinbase added them to their trading service - I'm surprised that making something simple and easy to use would bolster activity like that.
Is it safe to say "Coinbase is the iPod of Bitcoin"? That's what it feels like.
Is it safe to say "Coinbase is the iPod of Bitcoin"? That's what it feels like.
Really? This is Apple's business model (you know, the biggest company in the world). This is what I've built my career around (UX designer).
I'd advise anyone thinking of purchasing Bitcoin through Coinbase to take a look at /r/coinbase. Their support is pretty much non-existent.
Edit: Not only is support non-existent, people are having problems accessing their funds, getting charged different amounts than what they agree to when buying... It's feeling like MtGOX all over again.
Coinbase isn't perfect but 99% of the problems people have with them are due to KYC/AML. That, or they're shocked (indignant!) that they have to pay taxes on capital gains.