Bitcoin Dying?
What's with Circle quitting Bitcoin and Coinbase ultimately only offering services to businesses and not individuals. WTF is going on? I still see Bitcoin hitting way 700 USD so why these services still pulling away? Something sinister afoot I think. I really dig Coinbase which gives me the ability to trade bitcoins with ease and convert to fiat using my bank with relative ease. But such is the nature of business. The pressure to make vast amounts of profit is the main reason for creating business. Apparently Bitcoin didn't pan out how they expected. I pretty much expect Circle and Coinbase to fade away in a year. Listen for the eulogy.
Businesses rise and fall all the time, that's how a true free market works and people have being saying Bitcoin is dead or dying for ages, you adding to it isn't going to make any difference whatsoever.
It is likely something unrelated to Bitcoin that is making them behave like this, U.S regulations for one thing are a pig when it comes to cryptocurrency so I hear, especially if these companies want to base themselves in New York.
Recently I heard some news that the IRS was telling coinbase to reveal the identities of it's users.
http://www.zerohedge.com/news/2016-11-21/largest-us-bitcoin-exchange-extremely-concerned-irs-crackdown-targeting-its-users
That might have something to do with it especially if they're targeting a lot of U.S based Bitcoin companies.
yea I heard about the IRS. True business rise and fall. I know. I like Bitcoin cause it really gave me a lifeline when I needed it.