keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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January 07, 2014, 02:42:00 AM |
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Bitcoin has proven to be more resilient than almost any other investment or stock. If news like silk road, and other illegal businesses were to break about many fortune 500 companies, it would crush them. The fact that it has such overwhelming consumer support around the world, would prevent it from collapsing. Don't get me wrong, I see quite a bit more bad news, steep drops, and panic sells occurring in 2014, but I also see all of these drops followed by recoveries, just like we have seen in the past.
I think the only thing that would cripple bitcoin, would be if many governments came forward and outlawed all online currencies altogether. Like for instance, if governments handle bitcoin how the United States Government handled online poker...it would really hurt the chances for mainstream adoption.
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