Bitcoin Forum
December 03, 2016, 09:49:22 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: FinCEN's Impact?  (Read 1091 times)
Jon
Donator
Member
*
Offline Offline

Activity: 98


No Gods; No Masters; Only You


View Profile
February 17, 2012, 12:32:18 AM
 #1

If FinCEN has their way, unregulated Bitcoin exchanges will bite the dust if they attempt to sell to US customers. Worst case scenario, Bitcoins won't be legal to be sold and exchanged in the US due to it being an unregulatable money-value service.

I can imagine this would increase demand and thus the price; especially in use for darkweb markets, mainly the SilkRoad. However, I will still ask all of you:

What is the likely impact of FinCEN's recent release on Bitcoin's value? Is FinCEN more bark than bite?

The Communists say, equal labour entitles man to equal enjoyment. No, equal labour does not entitle you to it, but equal enjoyment alone entitles you to equal enjoyment. Enjoy, then you are entitled to enjoyment. But, if you have laboured and let the enjoyment be taken from you, then – ‘it serves you right.’ If you take the enjoyment, it is your right.
1480758562
Hero Member
*
Offline Offline

Posts: 1480758562

View Profile Personal Message (Offline)

Ignore
1480758562
Reply with quote  #2

1480758562
Report to moderator
1480758562
Hero Member
*
Offline Offline

Posts: 1480758562

View Profile Personal Message (Offline)

Ignore
1480758562
Reply with quote  #2

1480758562
Report to moderator
1480758562
Hero Member
*
Offline Offline

Posts: 1480758562

View Profile Personal Message (Offline)

Ignore
1480758562
Reply with quote  #2

1480758562
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Jon
Donator
Member
*
Offline Offline

Activity: 98


No Gods; No Masters; Only You


View Profile
February 17, 2012, 12:37:36 AM
 #2

This is speculation, friend. They talk reality. We talk price.

The Communists say, equal labour entitles man to equal enjoyment. No, equal labour does not entitle you to it, but equal enjoyment alone entitles you to equal enjoyment. Enjoy, then you are entitled to enjoyment. But, if you have laboured and let the enjoyment be taken from you, then – ‘it serves you right.’ If you take the enjoyment, it is your right.
Spekulatius
Legendary
*
Offline Offline

Activity: 1022



View Profile
February 17, 2012, 03:11:22 AM
 #3

What is the likely impact of FinCEN's recent release on Bitcoin's value? Is FinCEN more bark than bite?

Itll add to the current FUD going on (tradehill, paxum, bitcoinicas legal complaint, Silk Road, volatility, now FinCEN, ..), therefore further downward pressure in the short- mid term. Possibly increased volatility.
Overall, I wouldnt value it too heavyly, the real news is about to come with an actual ruling! Lacking a real lobby, I would expect it to be  at bitcoins charge. Followed by a (hopefully fruitful) discussion and possible adjustments to prior laws. A ruling in this matter could actually launch a ruling domino effect on other legislations all across the globe (people like to believe other peoples arguments are well thought through by the other party before made and therefore consider the counter arguments less meaningful).
This could, left all FUD aside, turn out in bitcoins favor also, if lets say the court case of Mt.Gox vs. that french bank that refused to let them open an account with them, turns out to BTCs advantage (what actually ever became of that?).
teflone
Hero Member
*****
Offline Offline

Activity: 770


You're fat, because you dont have any pics on FB


View Profile
February 17, 2012, 03:21:39 AM
 #4

MORE FUD BY ATLAS!

For Canadians by Canadians: Canada's Bitcoin Community - https://www.coinforum.ca/
byronbb
Legendary
*
Offline Offline

Activity: 1400


HODL OR DIE


View Profile
February 17, 2012, 04:44:27 AM
 #5

It's obviously bad long term and this down swing it would appear is linked to the exiting of players like Paxum and TH. It will also have an impact on the offshore gambling industry which bitcoin will ironically be poised to function as a deposit method.

Technomage
Legendary
*
Offline Offline

Activity: 1610


Affordable Physical Bitcoins - Denarium.com


View Profile WWW
February 17, 2012, 11:44:55 AM
 #6

I don't think this issue has any impact yet, it adds to the FUD but not by a lot tbh. We will have to wait and see what comes of this.

Denarium - Leading Physical Bitcoin Manufacturer - Special Xmas deals now live!
M4v3R
Hero Member
*****
Offline Offline

Activity: 607



View Profile
February 17, 2012, 11:50:06 AM
 #7

This is bad for the price. It doesn't matter if it will have actual impact on Bitcoin. All that matters is there's a possibility of someone beginning a panic sell out of this news.

*turns into a mid-term bear*
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!