January 28 and 29 - New York senate - What can happen?

[portalufonet]

Hi people, sorry for my bad english, 28 and 29 January, New York senate audience will decide regulate or not the cryptocoins, including the bitcoin

If regulated, can we expect an increase in the values ​​of bitcoin and other cryptos?? If yes, probably the bitcoin will be quoted to how much dollars the unit? $1,500, $2,000 ??

If not regulated, can we expect a drop in prices, like happened when the Chinese government banned negotiations with bitcoin?

If not regulated and prices fall, bitcoin will return to the current price (800~900 dollars)??

Is it a good idea to keep some money available to buy bitcoins and litecoins if the prices fall (not regulated) by New York senate?

I have almost $40.000 dollars to buy bitcoins and litecoins, but I do no which is the best time to buy

opinions are welcome!

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[U1TRA_L0RD]

People depend on Bitcoin too much, I wouldn't be surprised if it does not get regulated.

[Hashcesar84]

Hi people, sorry for my bad english, 28 and 29 January, New York senate audience will decide regulate or not the cryptocoins, including the bitcoin

If regulated, can we expect an increase in the values ​​of bitcoin and other cryptos?? If yes, probably the bitcoin will be quoted to how much dollars the unit? $1,500, $2,000 ??

If not regulated, can we expect a drop in prices, like happened when the Chinese government banned negotiations with bitcoin?

If not regulated and prices fall, bitcoin will return to the current price (800~900 dollars)??

Is it a good idea to keep some money available to buy bitcoins and litecoins if the prices fall (not regulated) by New York senate?

opinions are welcome!

IMHO if regulated we can expect an increase of about 1500$.

Else, bitcoin going to remain at a stable price like those days maybe a bit less.

Yeah its a good idea. I'll deposit about 5k$ the day before.

[beefcoin]

People depend on Bitcoin too much, I wouldn't be surprised if it does not get regulated.

Who depend on Bitcoin? 99% of the population of Earth have not heard about Bitcoin.

[portalufonet]

More opinions?

Buy now or wait the news? Is a good idea stay monitoring january 28~29 news about cryptos? If regulated, immediately buy bitcoins and litecoins before skyrocketing, there will be time before the prices skyrocketz or take a few hours (after the news out)

Or is it better to buy now?

[skivrmt]

Hi people, sorry for my bad english, 28 and 29 January, New York senate audience will decide regulate or not the cryptocoins, including the bitcoin

If regulated, can we expect an increase in the values ​​of bitcoin and other cryptos?? If yes, probably the bitcoin will be quoted to how much dollars the unit? $1,500, $2,000 ??

If not regulated, can we expect a drop in prices, like happened when the Chinese government banned negotiations with bitcoin?

If not regulated and prices fall, bitcoin will return to the current price (800~900 dollars)??

Is it a good idea to keep some money available to buy bitcoins and litecoins if the prices fall (not regulated) by New York senate?

opinions are welcome!

NY state is one of the regulated states in the US.  They have so many more separate securities and commodities laws than almost all other states.  If any has seen an insurance commercial, read the fine print at the bottom, many times it will say "not available in NY".  The reason is many products simple choose to not go through the extra hassle of being regulated in NY.

As for a couple weeks in NY, who knows trying to predict how a government will respond.  My guess is that somehow they will ban it for anyone residing in NY unless of course they can figure out a way to regulate it and tax it.

[portalufonet]

If not regulated, prices go down??? another crash?

[skivrmt]

If not regulated, prices go down??? another crash?

Honestly I don't think it will effect the price in either direction.  The NY government is one of 50 in the US.  While states can regulate anything they choose to, Bitcoin's final regulations I think will eventually come down to the Feds, no individual states.

[FlyForFun]

If not regulated, prices go down??? another crash?

Regulated too much and prices would go down too