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Author Topic: NY bitcoin hearing in some hours - how will it affect price?  (Read 1708 times)
okthen
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January 28, 2014, 12:36:12 PM
 #1

So this is happening in some hours:

http://www.dfs.ny.gov/about/hdn_virtual_currencies.pdf

How do you think it will influence price? Or it won't affect it at all?
Last time there was a public hearing we went to the moon...  Grin

Cheers!
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January 28, 2014, 12:40:09 PM
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Hopefully it will be similar to the senate hearing last year. It looks like the lineup of speakers is well rounded or even in favor of Bitcoin. It really depends on what the law enforcement speakers say, and if they echo the law enforcement from the senate hearing, then it will be all good.
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January 28, 2014, 12:40:58 PM
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Wells Fargo is having their summit tonight as well. 

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January 28, 2014, 12:49:34 PM
 #4

Wow more excuses for the price to return to $820 again. It just doesn't stop!
okthen
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January 28, 2014, 01:26:13 PM
 #5

I was wondering, because last time the pump started actually before the hearing.
Are people feeling less bullish about the outcome today?

So much bearish FUD around... It's sad.
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January 28, 2014, 01:54:25 PM
 #6

I was wondering, because last time the pump started actually before the hearing.
Are people feeling less bullish about the outcome today?

So much bearish FUD around... It's sad.

January 31st is getting closer, bears (soon-to-become-bulls) with pockets full of fiat are taking their positions and need to spread as much FUD as they can in the hopes of crashing the price to their buy-in price. It's pretty obvious what's happening around here, just see it for what it is and filter out all the crap. Something really big is coming and we can all feel it, and I'm not talking about a crash.

Bitcoin = Gold on steroids
okthen
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January 28, 2014, 02:09:24 PM
 #7

I was wondering, because last time the pump started actually before the hearing.
Are people feeling less bullish about the outcome today?

So much bearish FUD around... It's sad.

January 31st is getting closer, bears (soon-to-become-bulls) with pockets full of fiat are taking their positions and need to spread as much FUD as they can in the hopes of crashing the price to their buy-in price. It's pretty obvious what's happening around here, just see it for what it is and filter out all the crap. Something really big is coming and we can all feel it, and I'm not talking about a crash.

I totally agree! Thanks for the refreshing view!

hodlhodlhodlhodl!
the_sunship
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January 28, 2014, 02:15:00 PM
 #8

i think it's going to be positive. As long as it creates jobs and they can get tax revenue from it, I can't see why they wouldn't be in favor of it.

Also, keep in mind that in New York (although it is the financial capital of the world), being publicly against fat cats, large banks, and companies like western union is always good for politics.

The latest buzz is that new Mayor wants to tax the rich to help school kids.

http://www.reuters.com/article/2014/01/23/usa-newyork-prekindergarten-idUSL2N0KX21320140123
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January 28, 2014, 02:36:48 PM
 #9

Here's the link to the webcast:

http://www.totalwebcasting.com/view/?id=nysdfs

Starts in half an hour. Hope they do stream it live!
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January 28, 2014, 02:38:52 PM
 #10

I'll be watching... but it starts at 11:30 AM and since its in NY its EST!
okthen
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January 28, 2014, 02:54:08 PM
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I'll be watching... but it starts at 11:30 AM and since its in NY its EST!

You're right! Sorry about that, I thought it was at 10.
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January 28, 2014, 02:57:39 PM
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So much bearish FUD around... It's sad.

Actually, I think it's hilarious.



Bears can be so comical.
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January 28, 2014, 03:05:11 PM
 #13

Long term, it doesn't matter. If they are positive, price will go up. If they are negative, it means they consider it a threat and long term price will go up. Place your bets.

There is no bubble.
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January 28, 2014, 03:08:40 PM
 #14

Long term, it doesn't matter. If they are positive, price will go up. If they are negative, it means they consider it a threat and long term price will go up. Place your bets.

I'm betting that BTC will be worth way more next year this time.
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January 28, 2014, 03:29:40 PM
 #15

Pretty sure it will drop the price


I expect FUD all around until February/March




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Bobsurplus
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January 28, 2014, 03:31:41 PM
 #16

Pretty sure it will drop the price


I expect FUD all around until February/March

Me too.
GigaCoin
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January 28, 2014, 03:44:24 PM
 #17

i expect positive news which will cause price to rally upwards, causing many here to be very angry, but the rally might not last long.

davidorentol
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January 28, 2014, 04:44:47 PM
 #18

A live webcast here http://www.totalwebcasting.com/view/?id=nysdfs
okthen
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January 28, 2014, 04:58:09 PM
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Uuuh rally starting? Choo....choo...??
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January 28, 2014, 05:02:52 PM
 #20

the winklevoss guys are speaking NOW

“Look at those poor saps back on land with their laws and ethics! They’ll never know the simple joys of a monkey knife fight.”
H.J.Simpson
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