[FUD] Russia, China & Apple ban Bitcoins. Gox closing. Is this the end?

[smoothrunnings]

Canada has also come out and side that Bitcoin isn't considered to be a legal currency. But who cares as gold and silver aren't legal currencies either. So these bills and the fighting off Bitcoin is something that will come and pass because the banks stand to lose huge amounts of money if it was only gold, silver and bitcoin.

[igorr]

Bitcoin good night.

[ax123man]

I'll just add that whenever one uses the term "china bans", "U.S. bans" or more general "{country} {verb}" you are effectively submitting to being ruled over. Who is "China" or the "U.S.", exactly? Grouping everyone in a country under one term is a subtle way of legitimizing the idea: "There is someone, somewhere who decides what I can and cannot do, and it doesn't really matter who they are. I just have to do it".

The truth is that there are individuals who have opinions about bitcoin and banking/finance more generally. Some of those people are in positions of power, some are not. But this power comes from submission. It can't exist without consent.

And, yea, the OP is looking to buy lower

[Lauda]

Canada has also come out and side that Bitcoin isn't considered to be a legal currency. But who cares as gold and silver aren't legal currencies either. So these bills and the fighting off Bitcoin is something that will come and pass because the banks stand to lose huge amounts of money if it was only gold, silver and bitcoin.

Hello Germany, we all love you for recognizing bitcoin as a currency.

[BitCoinDream]

For the people that are not aware yet,

Russia banned bitcoins :: http://rt.com/business/bitcoin-russia-use-ban-942/

China banned bitcoins :: http://www.bloomberg.com/news/2013-12-05/china-s-pboc-bans-financial-companies-from-bitcoin-transactions.html

Apple removes all BTC apps :: http://www.telegraph.co.uk/technology/apple/10621175/Apple-bans-final-bitcoin-wallet-from-App-Store.html

Indonesia Bans bitcoins :: http://www.thejakartaglobe.com/business/bitcoins-neither-currency-nor-legal-paymen-tools-in-indonesia-central-bank/

India shuts down all BTC exchanges :: http://www.thehindu.com/business/Industry/bitcoin-exchanges-shut-shop-in-india/article5504407.ece

Thailand bans bitcoins :: http://www.cnbc.com/id/100923551

USA in final stages of banning bitcoins :: http://www.zerohedge.com/news/2013-05-15/us-government-begins-bitcoin-crackdown

France issued warning against bitcoins :: http://www.reuters.com/article/2013/12/05/us-france-bitcoin-idUSBRE9B40IF20131205

Korea rejected bitcoin legalising bill :: http://thenextweb.com/asia/2013/12/10/korea-becomes-the-latest-asian-country-to-reject-bitcoin-as-a-legitimate-currency/

Alibaba withdraws BTC support :: http://www.bloomberg.com/news/2014-01-08/bitcoin-banned-by-alibaba-s-taobao-after-china-tightens-rules.html

Mtgox scams $38 million from users :: http://falkvinge.net/2014/02/04/major-bitcoin-exchange-not-executing-withdrawals-now-owes-clients-38m-in-disappeared-money/

Mtgox OFFICIALLY stops all withdrawals :: https://www.mtgox.com/press_release_20140207.html

And the mining difficulty is going up every hour... making it almost IMPOSSIBLE TO MAKE PROFIT by mining.

Is this where it all ends? Is this where all hope dies? Does the bitcoin "bubble" burst now?

So, what is your alt-coin ?

[Revelations86]

US is not shutting down Bitcoin.   It's the exact opposite:

http://www.coindesk.com/us-postal-service-bitcoin-exchanges/

[whtchocla7e]

Looks like USPS is after its own coin. They're not going to promote Bitcoin...

[smoothrunnings]

Bitcoin good night.

Why good-bye? Governments are just saying it's not recognized as a currency which is okay it doesn't mean you can still use it or find away to exchange it for cash. It's like gold and silver, if you walked into a bank with an ounce of gold they wouldn't give you and money for it because it's not legal tender. Same applies for bitcoin, if its not legal tender there will be outlets that will exchange it for you.

Secondly the bitcoin exchanges need to step up to the plate more and be more friendly to the banks and governments so they aren't closed down. Even still if they are closed down there will be a crypto currency underground movement that will exchange your coins into money. Thirdly you also need to stop thinking of the exchange rates from bitcoin to money, what happens when the money collapses and is gone what are you going to value bitcoin against or any other crypto currency?

[kaysersoze]

damn im tired of stupid people, what did you folks expect - you are not going to disrupt a financial system with NO FIGHT the war is just starting.... nothing out of the ordinary

look at github developers graph, look at all meetups around the world, look at new conferences around the world, merchants accepting bitcoin, every single metric that MATTERS is growing faster than anything seen

at the end of the day its all about understanding the fundamental need and utility of bitcoin, as long as all of you don't panic and instead of panicking become more resilient and recruit all your friends and family bitcoin is not going anywhere. It's exactly your reactions of fear and fundamentally not believing in btc that the regulators and the ones fighting btc want .

[pleiotropik]

Look at any graph of BTC Vs. Fiat. count the waves. Look at the trolls, count the instances where they had lots of FUD to dispense.

Wave action is inherent in a market. Without waves there is NO market.  how do we know that the US stock exchange is a zombie feeding on the fed's printing QE? the wave action is wrong. How will that end? badly. 

This "Crash" -Correction- AKA as a wave in BTC price was to be expected. If you were counting your BTC as the ONLY basket  or store of wealth for your savings you certainly deserve to feel apprehensive and no measure of reasoned discourse/analysis will serve to calm your fears.

And BTW: i like trolls. A wave needs a surfer. A "crash" needs a troll.

Remember the old wizard:

  ----  “Think of how stupid the average person is, and realize half of them are stupider than that.” George Carlin.

[igorr]

And the mining difficulty is going up every hour... making it almost IMPOSSIBLE TO MAKE PROFIT by mining.

Is this where it all ends? Is this where all hope dies? Does the bitcoin "bubble" burst now?

Yes it is Beginning of the End !

https://bitcointalk.org/index.php?topic=420005.0

Now official: using Bitcoins is completely illegal in Russia ,  https://bitcointalk.org/index.php?topic=452118.0

[ljudotina]

Bitcoin good night.

Why good-bye? Governments are just saying it's not recognized as a currency which is okay it doesn't mean you can still use it or find away to exchange it for cash. It's like gold and silver, if you walked into a bank with an ounce of gold they wouldn't give you and money for it because it's not legal tender. Same applies for bitcoin, if its not legal tender there will be outlets that will exchange it for you.

Secondly the bitcoin exchanges need to step up to the plate more and be more friendly to the banks and governments so they aren't closed down. Even still if they are closed down there will be a crypto currency underground movement that will exchange your coins into money. Thirdly you also need to stop thinking of the exchange rates from bitcoin to money, what happens when the money collapses and is gone what are you going to value bitcoin against or any other crypto currency?

You got trolled in troll post by second hand troll....

[daserpent1]

I hold no bitcoins or any other coin for that matter anymore. I sold all the coins and wanna get out of this f**ked up scene.... And i really think its not going good the way it is going.

[sbabe]

I am just entering bitcoin world. Russia, china, india are big countries. It will affect bitcoin price.

[ecury]

I hold no bitcoins or any other coin for that matter anymore. I sold all the coins and wanna get out of this f**ked up scene.... And i really think its not going good the way it is going.

1/10 op

[Skoupi]

The price will recover. Volatility though is still a valid argument for bitcoin haters.

[traderman]

What, you think Russians all of the sudden are gonna stop because the Government said so? LOL . A lot of people in Russia have been waiting for a way to stick it to Putin and I can tell you cryptos will be embraced by even more Russians now. The more they speak against it, the more it will spread.

[igorr]

The price will recover. Volatility though is still a valid argument for bitcoin haters.

The price continue to fall

View Screen Capture

[Lauda]

I hold no bitcoins or any other coin for that matter anymore. I sold all the coins and wanna get out of this f**ked up scene.... And i really think its not going good the way it is going.

We don't need anymore sheep anyways.

[ChuckBuck]

Quick everyone jump off the Bitcoin ship!  Bubble's a poppin'...