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Title: New Future Outlook Post by: Steveia on December 18, 2013, 04:07:01 PM I believe what we are seeing is panic buying in response to panic selling. It is not rational. It is based on the theory that Bitcoin will (in fact) be worth 5,000, 10,000 or 40,00, or a 100,000, or what not in the near future.
This may very well be true; but, at the present, what we are seeing is the birth of new speculation, this time by Westerners. Panic buying, I fear, may not be enough to stop this down slide. We still have the rest of this year and January to worry about. And then we have to pray no new restrictions are placed on Bitcoin in the EU, US, Russia, South America, and the rest of Asia and Australia. If the EU follows suit and announces similar measurements against Bitcoin exchanges, Bitstamp and Btc-e will collapse. And so will Bitcoin (though not completely) Our beloved decentralized currency is so open to manipulation from the powers that be and greedy speculators. Remember, let reason be your guide. Title: Re: New Future Outlook Post by: seleme on December 18, 2013, 04:11:38 PM Westerners are speculating at Bitcoin since 2009, Chinese are Johnies come latelys ;)
Title: Re: New Future Outlook Post by: T.Stuart on December 18, 2013, 04:16:19 PM And then we have to pray no new restrictions are placed on Bitcoin in the EU, US, Russia, South America, and the rest of Asia and Australia. No restrictions, just tax, don't worry ;) Title: Re: New Future Outlook Post by: Xer0 on December 18, 2013, 04:22:31 PM you forget that China's regiment never showed positive and pro-Bitcoin acting before,
besides of Baidu accepting them and some documentations on state TC, which were interpreted like the government wants to encourage BTC |