Bitcoin Forum

Hey guys,

On end of January USA financial regulators will "discuss" Bitcoin. I am here to see what you guys are guessing ahead, i am at momment holding on pesimistic but realistic view that this will almsot certainly lead to ban of Bitcoin from USA, trough some skitty financial license law where license will be distributed very very rarely.

It should be at least 30% drop in BTC price, i am even thinking quickly signing for SP500 broker and short BTC for few days. Not that i am not believer in BTC, becouse i am but i am completly realistic as what can gathering of regulatory mobsters bring.

Quick! Get Proudhno so he can tell us just how really bad this is.

LOL, good one bro!

Lol at OP post.  Probably should be moved to speculation.

doubt bitcoin would be banned, if they wanted to, they would done so earlier already. Tax Regulations could be it.

What happens if they "shut down" Bitcoins? Lol

If they are banning it, why allow the Winklevoss ETF to have any progress at all?

They will probably clarify that it is a commodity subject to Capital Gains.

Spot on,it's a commodity/private money, and regulation has to be expected if it's to be accepted,
so nothing to be bothered about.
The real question is if Bitcoin will allow regulation or try to be a total ass and reject any input from the financial world, if holders want to get more adoption it's a no brainer.

The opposite will happen, sadly for you and your ridiculous attempt to cause panic, OP.

At the end of this month there will be more excited press around the New York hearing.

If you had asked me a couple years ago if the US government would try to "ban" bitcoin I would have said the odds were good.  Nowadays though I don't see it happening. The growing trend is that the US government is fine with bitcoin and they see the benefits it offers to business, consumers, and the economy. They just want to make sure there's some proper regulations in place just like we have with fiat or credit cards or whatever. A framework so businesses know how to operate legally more than anything.

I'm not too worried about it. Not based on recent trends coming from the US government on bitcoin anyways.

I agree.

Consider this: would the US government (FBI) auction BTC to US citizens, then "ban" it?
That would be a pretty unpopular decision, I don't see it happening. Therefore, I see the FBI auction as a hugely positive indicator of US official sentiment.

I just postet the same consideration here  https://bitcointalk.org/index.php?topic=397534.20

Great minds, eh?  ;D

Yeah, I was surprised nobody else was mentioning this point...

And in your other link, the court's decision sets an interesting precedent.

yeah,I also was astonished of the neglicence of those most important legal issues.

That the USA would ban bitcoin does not gel with the sale of DPRs 30k bitcoins by the FBI. The USA is run by and for investors, I simply dont see them banning a commodity they have just sold millions of dollars worth of. besides, the FBI holds a further 144k bitcoin. With the potential price of bitcoin in the future, they will be shooting themselves in the foot to ban it. If the regulators can come to any conclusion what so ever it is likely to be only a good thing, because it gives all the legit investors something they can finally act upon, and besides, you cant regulate bitcoin.

the most bullish part about this is that you think this is bearish.

What would happen if they banned file sharing?

Hahaha exactly. Which major bitcoin exchanges are hosted in the U.S. again?

Money follows attention.

Buy now and hold because the prices are going to skyrocket! There is no bad news coming Jan 31. expect the IRS to not have any tax details until at least next year, its still an unknown how to handle digital currency. Companies now in the USA are heavily engaged in the regulation process and working with the gov to help them understand the space more. No bad news coming.

Exactly

Yes I bet he will talk about those "confirmed russian and chinese language sources"
lololol
And how if only we could read russian and mandarin, we could understand the REALLY BAD bearish news he constantly refers to.

The man is a pro. One of the few bears I have some respect for because he has STYLE.

I thought he was a bear too, but he's actually a lama. But, either way, you do have to appreciate his style.