it's not dumb. the wallets store funds and even to the existing laws, they need a financial license.
now, they are out of law.

let's see what Wallets get it. let's see the so called "Bitcoin investors" now when they will need to pump money.
Are you a wallet or/and exchanger? OK! Take a financial license in EU or in other place and run your business in peace.
What's the big deal?

The clients will have the peace of the mind because they will be protected. A wallet or exchanger won't be able to disappear overnight if it has a financial license. So, everybody should sustain a such thing.

it's simple. The EU will begin to check the EU exchangers which MUST have a financial license EVEN NOW and they don't have it.

Who can afford to take a financial license in EU? It cost over 700K(only the capital must be 350K euro +lawyers, staff, etc...shits).
Also, once a company has a financial license it must apply strict AML, KYC rules, external audits and so on.  Each transaction must be justified. You, as licensed company must show that you identity the source of the funds and so on...otherwise you lose the license and the biz.

More than that, the monthly cost for a such company is huge and the real profit from Bitcoin is low. Don't look over their fake volumes.

So, the EU officials just have to apply the existing laws and Bitcoin will value almost zero OR the exchangers will have to "move" somewhere in Asia but each country has laws for financial activities...I don't know where they can move so that they can be "free" .

same thing with Bitcoin. They know that they can lose everything by using the exchangers or because of hacking but they still "play"

because all the exchangers are using bots who are trading all the time.

it will drop for sure:   https://bitcointalk.org/index.php?topic=1349459.0

Ezubao the largest online "financial" business which was a Ponzi scheme, it was closed today by the China gov.
Around of 8 billions USD are missing.


MMM Global(other ponzi scheme) which is very active in China and operates exclusively in bitcoin , it will be closed very soon too. The chinesses who "invested" in this ponzi will start withdrawing in mass.

It's expecting the BTC price to drop a lot.


http://www.dw.com/en/china-arrests-21-over-76-billion-ponzi-scam/a-19015190

Install a good antivirus(it cost you up to 60 usd per year) if you really want to be protected and back up your daily/weekly.

The price will drop for sure. The chinesse will start selling because their New year is coming on Feb. 8, 2016. They need cash...

is it not odd that in a country(China) where banks are banned(the Chinese gov did it) to deal with BTC exchangers or with persons who are trading Bitcoin, there is the biggest volume of transactions?

Gemini, Coinbase, Circle and Itbit were regulated last year. I think they are the only regulated exchangers. How do the BTC users have funded their accounts until then? By using UNregulated exchangers.  
Also, so called big exchangers like BTC China, Okcoin, Huobi, Bitstamp, Btc-e are NOT license so are not regulated. Do you know where is BTC-e office?

More than 90% from BTC market is not "regulated". IF  the most exchangers will have financial license, BTC value will drop to almost zero because the black market(more than 85% from BTC) is not interested to share personal information and they will migrate to other e-currency like they did it in the recent past from Liberty Reserve or from E-gold     

All of them have fake volumes. the worst point is that the fake volumes are over 80% from their business.

Gavin Andresen = Coinbase= Bitstamp = Okcoin= Marc Andreessen= Andreessen Horowitz & Co.

regulation brings a lot of things like strong AML, verifications, etc. The most Bitcoin traders prefers to stay away of this thing.

Also, Gemini is used by americans only.

the big exchangers(backed by their shit investors) are manipulating the market with their bots. Same as MTgox did it.

Bitstamp, BTC China, Huobi, Okcoin(already proved), Bitfinex(already proved).

Gavin Andresen = Coinbase= Bitstamp = Okcoin= Marc Andreessen= Andreessen Horowitz & Co.

that's it. it seems that Bitcoin was not made to be a payment system

of course, the exchangers are manipulating the market. it's impossible to have such volumes and it was proved that the volumes are fake. some of them admitted.
Without fake volumes, the whole market will be like a desert. not so many orders.

The customers are attracted by "volumes". They are thinking that X or Y exchanger is big because he is seeing many transactions(many clients) but most them are fake.


https://www.reddit.com/r/BitcoinMarkets/comments/3r2xr1/bobby_lee_from_btcc_confirms_fake_volume_on/

great point!

it's a fighting for power. who to control the Bitcoin market.

It was not changed. It's still paid. It's not something bad to be paid and to earn a lot of money. It's OK but you cannot say after that , you are neutral