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

[disclaimer201]

Fud or not, price will go down. MtGox's insolvency was long expected, but it will be an entirely different thing if it really happens.

[CtrlAltBernanke420]

So why are the hundreds of people I have had in depth conversations about bitcoin.... agreeing with most of my statements, thoughts, math, etc, NOT BUYING BITCOIN...

The system of dollars is SOOOO POWERFUL, Why are billions not FLOWING into bitcoin if it is this ultra efficient no banks needed currency/financial system..

If it were soo good and perfect people would have done all they could to purchase every possible bitcoin for sale at whatever price...

WHY!

Why has wallstreet no place 1% of there wealth into bitcoin.

[cypherdoc]

Considering the USPS is looking into accepting bitcoin, nearly 20 senators accept it for campaign contributions, and the links are to moths old articles, anything posted lost credibility at the start.

This entire system of monetary exchange is new, and volatile, it will work its way out, or a new breed will replace it. By all means, drive the prices down, makes it much easier to buy in.

typical fud, move along.

quite right.

half his links are old and have been reversed.

[drippx]

bitcoin is here to stay whether you believe in it or not

[PrintCoins]

Long ago I predicted Gox will have to deal with a run. It has shown many signs of being poorly managed, frequently hacked, and lacking any transparency. If the sun were to shine on their books it would be apparent that they would not be able to settle up a massive withdraw.

I don't know if it is FUD (the doubt is very reasonable) that governments would ban bitcoin and trading floors would be shut down. If a govt doesn't have control over their own currency, they have nothing. This is an existential struggle for them (as well as the banks that control the govt).

Bitcoin will never go away (or at least some form of it), but any business based upon it is on shaky ground, and this will eventually be forced underground.

[Arksun]

Compiling a list of every negative Bitcoin story, whilst ignoring every positive story, gotta love balanced threads

In other news, Scan.co.uk in the UK now accepts Bitcoin so next time I upgrade my computer I can purchase from them, result!.

[DanielVG]

What did you expect?  That every government would be clapping their hands and throwing confetti at us?
Off course bitcoin receives alot of friction.  It's an anarchists wet dream come true.
It is a revolution which can transform, or even destroy the established powers.

And anyway, digital goods that have been banned in the past didn't really vanish.
This has been going on since the internet came online.
Would torrents have been invented if they never took down napster?
We would still have shitty napster 1 on 1 download.

I think the history of bitcoin will be very similar to the path of file-sharing and social media.

[igorr]

Thanks bro, for colection of information at one places.

[skyhigh]

igorr, its a fun read when someone is so hardcore against something, yet they still bother to post on the subject.

[CryptoPanda]

I see it as just part of the game, there is always a lot of turbulence with all new stuff, especially as disruptive as bitcoin.
When in doubt, look at the torrents, they are trying to stop them for 10 years, and yet people download more than ever today.
And they are relevant to much bigger money that bitcoin 10B market capitalisation.

[igorr]

This is not as it seems,
nothing do not worry just buy Bitcoin and keep the ones you've already bought,
Bitcoin to be worth 100k usd this I personally guarantee.

P.S. General Director of the company for the production and exploitation of mining hardware
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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

[FEdison]

Most of those articles are from 2013. More good news has come out about Bitcoin than bad news since then. Bait harder troll. And holy s***, it just hit me that it's already February.

[Lauda]

Price is already recovering.
Pointless FUD.

[igorr]

Price is already recovering.
Pointless FUD.

LOL, "recovering"
for now people have lost half the money in two months, from 1250 usd to 730 usd,
and a lot of people have ben left without anything at MtGox, lost all their bitcoin or all their money.

What we can expect tomorrow or in the next two month, from 730 usd  to 300 usd, or much less ?

[EvilPanda]

Price is already recovering.
Pointless FUD.

LOL, "recovering"
for now people have lost half the money in two months, from 1250 usd to 730 usd,
and a lot of people have ben left without anything at MtGox, lost all their bitcoin or all their money.

What we can expect tomorrow or in the next two month, from 730 usd  to 300 usd, or much less ?

I bought most of my current stash at ~$700 2 months ago, Basically I haven't earned anything these past months and am getting closer and closer to a bailout point. If it continues with the current pattern we'll have a week or two of jumping around $800 and another crash. Come on bitcoin, do your thing, up and away!

[igorr]

Price is already recovering.
Pointless FUD.

LOL, "recovering"
for now people have lost half the money in two months, from 1250 usd to 730 usd,
and a lot of people have ben left without anything at MtGox, lost all their bitcoin or all their money.

What we can expect tomorrow or in the next two month, from 730 usd  to 300 usd, or much less ?

I bought most of my current stash at ~$700 2 months ago, Basically I haven't earned anything these past months and am getting closer and closer to a bailout point. If it continues with the current pattern we'll have a week or two of jumping around $800 and another crash. Come on bitcoin, do your thing, up and away!

Game is over, it's time to go home.

[CoinPurse]

In a country like Argentina there is a 50% tax on online credit card international purchases. It is for reasons like this that I believe crypto currency is here to stay.

[asdf123]

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 .

Exactly my point in my earlier post.

Whatever the motives of the OP (trolling or not) the content of the original post needed to be countered, because otherwise others who read it will be misinformed.

Bitcoin is going mainstream, but not without opposition from those who have most to lose.

[Nathonas]

Russia, China and Apple...ahahahahahahaha.

It's the internet's version of the Axis of Evil. Somewhere, George Bush is smiling.

[GAML]

America are not banning BTC.  Why post a link from 2013?  The FBI are getting ready to sell the haul they got from silk road via an auction on the US Marshall's website.  Congress held 2 hearing on bitcoin and are in favor of supporting it. And the IRS are now allowing people to pay their tax in BTC http://www.forbes.com/sites/benkepes/2014/01/15/bitcoin-breaks-out-you-can-now-pay-the-irs-in-cryptocurrency/

Is this the end?  No it just means it is going to get taxed and at some point users and business who deal in / trade or accept will have to conform to some level of regulation.

Germany has already ruled that Bitcoin is to recognized as "private money for legal and tax purposes" http://rt.com/news/bitcoin-germany-recognize-currency-641/

The countries that are banning it have ulterior motives.  China and Russia - Communism - Not a surprise it was banned - India, Russia, China and other 3rd world countries such as Indonesia - Preservation of slave wages and economic enslavement of their workforce.  Do you really think their governments want the wage slaves that are booming their economy to give up working for next to nothing and making significant amounts of money mining alt coins and trading BTC.  FACT: One of the Chinese Governments primary goals is to become the worlds number 1 industrial superpower within the next 20 years.

http://en.wikipedia.org/wiki/Legal_status_of_Bitcoin  Check this out then look on credible financial news websites such as Forbes or the governments websites in the country of choice to see the present position.

In regards democratic nations anything they can give a legal status too, tax and regulate in some form or another is going to be welcomed with open arms because of the keyword TAX.  We all know how capitalist democratic governments love tax! tax! tax! and will tax the fuck out of anything they can.  The UK is assessing the legal status of BTC right now -
The Financial Times 19th Jan - UK reviews Bitcoin tax as global regulators seek to cash in http://www.ft.com/cms/s/0/2d894c9e-812f-11e3-95aa-00144feab7de.html#axzz2sfjjHmZw.  

If it is ruled money as in Germany it is going to get hit with income tax, if it ruled as a security or a commodity it is going to get hit with capital gains tax.  I will bet you the 150 Karmacoins I own that the UK government will not ban Bitcoin.  They will want to rub themselves off over it and TAX IT.

Ebay are considering accepting Bitcoin payments - http://www.cnbc.com/id/101356642

Stay calm and hold onto your BTC.  If you want to flood the market with panic selling and debase the currency please do because I will be buying.  The headline will read - Forbes.com "Noob alt coin miner with shitty rig goes from broke to a million after panic selling of Bitcoin"  

The news is a good source of information but don't pay to much attention to it unless it is highly credible and cites it's sources.  Pay attention to what governments and academics are saying http://blogs.telegraph.co.uk/technology/jamiebartlett/100011868/one-day-amazon-will-accept-bitcoins-thats-when-central-banks-and-governments-get-nervous/

Did the legendary economist Milton Friedman predict the future back in 1999?  http://www.youtube.com/watch?v=j2mdYX1nF_Y Have a look and see.  

Some of the economists and lawmakers are worth listening to but there are also a lot that are talking shit; probably taking bribes from the Federal Reserve Bank who are most likely shitting their pants at the moment and thinking of ways to debase the currency and kill it.  The Fed are probably buying millions of dollars worth of bitcoin so they can flood the market at a time of their choosing in an attempt to debase it.  It was probably the Fed buying when it bombed to $500 average across the markets after China banned it.  Inflate the currency then debase it when you want it to fail.  That is economic warfare tactics.

Don't forget that the majority of news is often badly researched trash journalism, often fails to provide sources of their data and make sweeping uninformed statements.  Then are stations like Fox who report whatever the NWO and Rupert Murdoch want them to.  Pay attention to credible and well research journalism that provides its sources.  Whoever controls the media controls public opinion and Rupert Murdoch controls a hell of a lot of the news.

Wall street journal, Forbes, The Financial Times, ect.  (and that includes the big credible sources in your own countries that I am not aware of)

Another reason legal status, tax status and some form of regulation is coming is because we all know that BTC is already being used by criminal elements for criminal purposes.  You could not have put Al Capone in prison for tax evasion if he was dealing in bitcoin