Having read the article I see it as a mere talk and not an interview per se because it was merely an expression in which the editor try to capitalise on the few words he said in trying to create a further panic and thereafter linked the news of JP Morgan CEO speech to a completely different scenario altogether.

Even if he said it with all conviction, he is entitled to his opinion and behaves like an average bitcoiner on the forum whose advise or intention everyday is to buy low the sell high. So, what is saying is actually nothing new rather, its a confirmation of what we already know but the difference is why some people will act on it, others will complain.

If there is anything I have learned in the case of bitcoin is that the past has always not been the best determinant of the future. A lot of times we try to  predict the current happenings to bitcoin based on what happen in the past and by so doing decides to take action on but we all forgot that historical figure is meant to stay in the past.

With the current happenings, its really difficult to say for sure what is going to happen next but as a risk taker and a trader, what should be paramount is that 'how do I make the best out of the current situation' rather than bothering about whether its a bull or bear, octopus or snake, eagle or bird. If you are not a risk taker, dont come near the game.

Same people who didn't buy when the price was below $3k before, won't still buy now and its so unfortunate that the same set of people will come and shout about how some forces are manipulating the market or how they are pumping high so they can make some money. But when the price reach low which create an opportunity for them to hop in, they will wait for it to go lower which most times always end up as a myth then they return empty handed.

What I see affecting a lot of people involved, is the fear of losing and the moment one can conquer that fear, that is the beginning of making it big.

In the case of bitcoin like I always maintained, you buy when you can only afford it, whether the price will go higher or lower, buy and take your mind off it. What is sure is that it will eventually paid off in the long run but what discourages people is how long is the wait period for that time to come.

Aside from the various enabling tools around and even from the exchange sites itself, I have the flair to keep few coins rather than having more than enough or just jumping on anyone I lay my hands on.

With the few stock of coins in my port-folio, it gives me the opportunity to even track them in the few exchange sites I am operating in their cyber space. I go in, make some trades, open up on some preferred orders and exit to focus on something else. When the level is reached, the sale is made so I dont really need to bother myself.
 
On the other hand, if it seems the market is not going towards that direction, I exit and make a fresh order. Its as simple as that.

I dont expect any thing different from what the Japanese government are doing because of the fact that living some things without control will lead to abuse and at the end of the day, they might want to take the route the Chinese government are considering the best option in all this.

Putting a tighter leash on activities of exchange sites will come with its own disadvantage such as the threat to anonymity which bitcoin solely rest, and this could cause a mild crash but looking at the big picture means that, there is control even before the boom and thats what the Chinese failed to do in that if they had put the control in place, then big bag money holders who are very much interested in money laundering would by no means have it easy until it could not be controlled.

The Japanese government should even be commended for seeing the future even as at today immediately they attain the first position in the crypto market.

Have I ever felt regret not trading yes. Have also felt regret not buying at some point, I also admit to that. In the case of gambling too, I have had some regrets where my guts would tell me, mostly in the case of football betting of who will win but either by omission or commission, I ignore. Those are the times I feel some guilt within me.

But that is surely not the end of the time as I have also made some winnings against odds which to my level of understanding are hard to comprehend but either way, its something to be proud of. You cannot always be right at all times. Its not possible.

If anybody is in debt because of gambling the it's your fault and no one else, not the community and surely not the site you play but its basically because of lack of self control. When I hear people run into debt because of gambling, I just imagine how that is possible if there is self restraint.

I don't think I can get involved to the point of betting all that I have, and then still go out to borrow from people to still play. When someone do something like that, they should be sentenced to remand homes for the rest of their lives because they have not only fail themselves but also failed humanity and so they lose the morality to live among rational thinking individuals.

Sometimes, I wonder what people seeks to achieve by wiping up unnecessary sentiments on things that have been settled even before a lot of us came to know about bitcoin. And all those disadvantages OP is itemizing are even some of advantages in which is keeping a lot of us glued to bitcoin.

1. Bitcoin is not a currency.

Yet a lot of companies have started accepting as a medium of exchange with several others planning to activate and join the league of those who can see the future and want to be part of it.

2 Bitcoin is not a store of value.

Yet I have not seen any investment that would turn out what it has done in the past 5 years not even the real estate business have turn out much and the most interesting is that, the return went to the individual rather than conglomerates that would pay investors pennies in the case of other lines of investment.

Whether bitcoin is scam or not, its meant for the future to decide as well as the general population of the community.

It would have been better if you guys takes your discussion to the politics section of the forum so that it can be properly juxtaposed and discussed effectively whether its the right one or another of those conspiracy theories.

I dont see anything wrong in what the Russian Authorities are proposing because even the US government will not allow another currency to be used within its bother and for the US Dollar to be dominant till this time, then it shows they have been sleeping all along and that is why they can give sanctions that will be felt in Russia.

I feel by moral obligation is wrong for a foreign currency to be use for domestic transaction and even within the borders, it does not only discourage nationalism and patriotism but also make the domestic currency weaken because more of the local currency will be chasing foreign currency and that alone can cause instability.

The war has already begun for anyone who is sensitive about the way things are going in the crypto currency industry. The way its being seen as just an attack is because while the people on the side of government are launching, the bitcoin is defending and thats not how war is being fought. Government and its institution knows that the future is a digitalized one and they want to come into the picture but with their own backed currency and that is why they  why they are trying to weaken bitcoin, before launching theirs.

The winner of the war will now depend on the side in which majority of the population will belong to

1. The side of those who already know about bitcoin and wont want to sacrifice that for anything else more importantly backed by government, and

2. The ones that will be coming in after government launches its own currencies.

All that can be said is let the best candidate win.

In the next 5 years a lot of things would have gone down in the crypto industry and one basic fact is that, if bitcoin can survive the next 5 years, then the coast is clear for a lot of things. Several of my predictions for the next five years would be:

1. The industry would have grown so big that it will become unstoppable.

2. Most people who are entering today and are clamouring that they came late would then realize that they were not late after all.

3. There would be several development that in other to make bitcoin more easy to access, the anonymity veil will have to be lifted by the time our wallets are connected to our phones, we had to do finger print recognition and facial recognition to have access to exchange sites and wallets.

4. Government will then have more control in relation to 3 above

As at today, we can reliably conclude that there is no other major option aside those two but there is one alternative over here but I don't know if its applicable in other countries. Its called verve card, on checking now realised its available in only few countries and thats just the only option even virtually all other payments platforms, fiverr, payoneer, all bitcoin ATM cards rely on either of these two options but we are still waiting for a breakthrough on this.

This is another angle to look at it and I am glad someone is seeing it from that side. I have come to believe that every decision of government have two sides

1. The reason they want us to believe why they took the decision we are all clamoring about which is more appealing to every sane individual and

2. The real reason for such decision which is something that is not known to everybody and defies common sense that one would wish away as conspiracy theory.

There is no way to separate political  undertone in every decision and this could go this way, since when the US came with its own proposed policy and realized that its not making effect, they then turn to China who is an ally to help them out.

A sane individual does not do anything without reason. The reason you have stated might not be monetary but I tell you there is always something at risk.

It could be to send a message that those of you here, " you are not safe" or to make the site lose revenue because you don't know the amount of people that might have patronised other services because of such down time.

Another could be to make clients lose confidence among several reasons as Darkstar pointed out.

For this to be happening from ViaBTc then all the rumors is true and I am actually surprised how it got to this point without all the big shots in the crypto industry could not do anything about it.

Going abroad is just the best thing for them to do now because if a country does not want you, the best is to seek comfort in another country's abode who is open to such arrangement.

They just need to do their due diligence well and be sure the country they are going, their body language is not in favor of crypto currency which could eventually still force them out. The Chinese population is the one that will bear the brunt of all this because that means they are being cut off from the future.

This man again spitting this, I guess this is a form of coordinated attack against bitcoin but unfortunately for them, it wont stand and I guess we gave him the relevance because the last crash was credited to him which gave him the honor that his opinion really mattered in the scheme of things and with that, he saw it as an opportunity to launch further attack against bitcoin.

Earlier in the day, I read about a case filed against him and I now wish that should just go through and make him as a bad example to those who choose to run their mouth badly and now he is not only speaking for himself, but equally for governments.

At one point or the other we make some mistake that we wished we don't. Man its trading and you cannot get it right every time at least there will be some room for error. My own trading was discourage when I bought a particular coin, not BCC though with small amount, but noticed its going on the high side so, I just decide to go all in and in 2 hours, it just came crashing and for over a week, I am stuck with it.

But it doesn't matter, because I  understand its one of those things and being wrong is not a bad thing for whatever reason. When I am ready to sell, I do it by counting my losses.

With all these options being considered by government and its agencies, they are turning everything into a joke and that is something that will ensure its not successful because it then means that the one promoted by the fed would not be accepted by the ones by the India government and at the end of the day they create a foreign exchange market which then lead to the same failure the fiat has gone through.

The point is government can go to any length to promote an agenda but they can force citizens to go that route. For me, I see two options

1. The bitcoin will still be the ultimate to be use for international transactions such as the dollars now that is accepted virtually every where.

2. They want to kill the bitcoin and every of their alts failed because I don't see myself using it if I wouldn't be allowed to use bitcoin.

I can't just quote the entire post of the poster ahead of me but what he said is actually true as I read the entire transcript, I felt for the victim.
I earlier thought this immoral behaviour is limited to some part of the world but coming from London, I change my view on the subject matter. Security is key in this anonymous world and I am glad that the police there could have an idea about bitcoin if it were here, you will have to spend more money to even get them to listen to you.


@op for me, if you don't have a verifiable address within the city and have established there for a while, I won't show up to meet up anywhere what so ever.

If you cannot answer the above, you better not open for business.

If that suit like this can be filed, then it means there is an element of merit in it which can be established by the court. The next thing to wait for is to allow the justice system do his job whether Jamie is right or wrong rather than being optimistic, I would want to be neutral because such judgement if given in favor will send a strong signal for judicial precedent and if otherwise, it could mean Jamie was right after all. Let's wait and see the outcome.