How will the April 15th event effect the price of bitcoin?

[bitcoinsrus]

How will the April 15th event effect the price of bitcoin?

[gentlemand]

Same as the 31st of January. It's already happening long before. The day itself will be a damp squib.

[1369]

What happens on April 15 besides getting butthurt by the IRS?

[gentlemand]

Chinese exchanges having their bank accounts shut down.

[1369]

Chinese exchanges having their bank accounts shut down.

Ah, well yeah, its not like ppl are gonna be taken by surprise. Too bad tho.

[Torque]

For all you guys thinking this will all be over by 4/15 and don't understand how the Chinese gov't does things, it's called "Moving the goal posts."

Please let me explain with a brief synopsis:

Date: 4/1
PBOC: "All 3rd party payment processors have to cut off ties to bitcoin exchanges by 4/15."
Exchanges: "So.. bank accounts aren't affected then?"
PBOC: "We just said 3rd party payment processors, didn't we?"
Exchanges: "Ok, cool."

Date: 4/20
PBOC: "All 3rd party payment processors have to cut off ties to bitcoin exchanges immediately."
Exchanges: "Done, as of 4/15."
PBOC: "And bank accounts too."
Exchanges: "What?? You said just 3rd party payment processors only??"
PBOC:  "Well you heard that wrong. It affects bank accounts too, but only for withdrawal, not deposit."
Exchanges: "Ok.."

Date: 5/1
PBOC: "All bank accounts have to cut off ALL ties to bitcoin exchanges immediately."
Exchanges: "What?? You said bank accounts were fine but only for withdrawal, not deposit??"
PBOC:  "Well you heard that wrong.  Bank accounts for *anything* bitcoin related."
Exchanges: "Shit."

Date: 5/15
Chinese Gov't: "All bitcoin related vouchers will be deemed illegal, effective immediately."
Exchanges:  "What??  How will we even operate?"
Chinese Gov't: <silence>

[infofront]

That seems to be the case. It will happen gradually until bitcoin is virtually or completely banned. Bitcoin is way too dangerous to the existing power structure to be permissible.