Bitcoin Forum

see post http://in.reuters.com/article/2013/05/06/bitcoin-regulation-idINDEE9450G220130506

I don't see where you're getting $50.

50$ my ass! I see bitcoin 50,000 $ long term  ;D

Never sell your bitcoin under $120 as you can be victim of bear trap.
Start buying if it goes under $100, it's good price.
It will be unique chance to buy cheapest bitcoin in your life if the price goes as low as $50 (which is very unlikely to happen).

agreed

Anything is possible, though I think market forces will keep it well above $50 for the immediate future.

$50 is possible, but it seems unlikely. Something really dramatic would have to happen to make it drop that far.

It could always crash to there is a brief moment of panic but dips will be bought.

I'll be adding IF the price moves lower

This!

100$ now

It got close to $50 quite recently didn't it?

below 100$ isn't profitable for big players as MtGox (they got commision depending of how high the price is)

Price aside, the government regulating cryptocurrencies is not a step in any direction I'd like to head.

LOL, So they have admitted that bitcoin is a currency. We win!

hooray

I don't see how they will be able to regulate the price let alone track people to enforce their rules.

can't they just ban certain exchange websites, like they did when they stop internet gambling sites

So you have quantified your guess, based  on your lack of knowledge and resulting number is $50? How is this supposed to inform anyone? 

50? noooooo

You are not a newbie anymore. Why don't you take your try-to-get-everybody-to-sell game to the speculation sub-forum?

Opinions are like assholes*...  You will find plenty of both there.    ;)









*everybody has one

I'm seriously confused by "Its Rules". Is this top U.S derivatives regulator, who probably lost people billions of dollars in the market crash of 08', really thinking BitCoin is 'his' to make 'rules with'? Really?

I see $50 as being very rare and having a very small chance of occurring. Though I know that if it does occur, I'll be buying up because in my opinion that is a great deal and BTC are definitely worth buying at that price unless they do something extreme like making the currency illegal.

50, you sure? Not 40 or 70?

You completely just made up that number, right?

Anyway, it's a funny article:

Uhh, I wonder if mr. Chilton has a proper understanding of what Bitcoin actually is. But I'd definitely love to hear how he plans to regulate Bitcoin, should they choose to do so :D

loool, even if he sais it should be worth 50 (or whatever number he imagines), how would he make people trade it for 50.

I contribute the recent selling panic to new articles posted about fed regulations.