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Comment by endisneigh | Hacker News Reader

It will be interesting to see how Coinbase performs compared to a weighted average of the top 3 cryptos directly.

Anyway, Coinbase is a good case study on how UX/UI makes all the difference. I'll definitely study them in the future.

I believe Karri Saarinen was the founding designer at Coinbase, and here's a relevant blog entry from them: https://karrisaarinen.com/posts/designing-coinbase/

See also: Metalab's showcase of their collab with the Coinbase design team: https://projects.metalab.com/coinbase

I imagine it should be tightly correlated. Saying this, the stock market is a lot more regulated and has a different type of investor so I think it will end up being much more stable and less correlated.

This. Both Coinbase and Stripe are were they are today almost entirely because they have mastered UX/UI.

I predict a slow, constant increase in value over time, not even going down when cryptocurrencies are going down, as people still want to buy/sell cryptocurrencies when prices go down, so Coinbase will still make a killing as a company no matter what.

> as people still want to buy/sell cryptocurrencies when prices go down

Is this true?

If you look back at the price graphs, there's typically a huge run up every 1-3 years, followed by a crash, followed by another run up 1-3 years later. We're in the middle of a run up.

The run up is when people get excited and buy. After the crash, I would guess that enthusiasm about crypto will lessen, until the next run up.

I think this is somewhat supported by the fact that Coinbase's most recent quarter brought in an insanely higher amount of revenue compared with previous quarters before the latest run up.

> Is this true?

Yes. Go here: https://coinmarketcap.com/charts/ and select before February this year (big spike in volume) and look at the transaction volume chart below the price chart. Steadily increasing rather than jumping, going down and jumping again. I'm guessing transaction volume for Coinbase looks the same way, as people need fiat money for cryptocurrencies and others place fiat money in cryptocurrencies no matter if the price goes up or down.

A friend of mine knows several "movers and shakers" in the crypto space, and he says they're all going to invest heavily in COIN stock because they understand that everyone else views it as a proxy for crypto in general.

edit: why the downvotes?

I didn't vote, but I would guess that the downvotes are because your post is indistinguishable from pump-and-dump posts on trading forums.

Can't wait for another 100 P/E ratio stock /s

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