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fattypig
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October 20, 2013, 01:26:19 PM
 #21
That happens when you wake up and see Bitcoin at 0.1 USD each..
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October 20, 2013, 02:34:37 PM
 #22
Quote from: fattypig on October 20, 2013, 01:26:19 PM
That happens when you wake up and see Bitcoin at 0.1 USD each..

Price probably goes up if they get banned, judging by historic evidence of government prohibitions.
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Tirapon
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October 20, 2013, 07:55:03 PM
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Price would crash hard. But there'd still only be 21,000,000 Bitcoins. So if that happens, buy lots while they're cheap.
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October 20, 2013, 08:22:26 PM
 #24
Quote from: TERA on October 20, 2013, 10:11:42 AM
The price would crash due to a significant increase in supply and reduction in demand as all of the law abiding users dump their coins. Speculation about bitcoin attaining mass adoption as a legitimate payment system will end.

Long term, government prohibition pushes supply curves to the left, not the right. I agree there could be an initial panic crash.
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