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At current market cap of almost 200b for bitcoin based on https://www.coingecko.com/en https://www.coingecko.com/en It seems that the market is ignorant agains
by granaldo 9y ago
At current market cap of almost 200b for bitcoin based on https://www.coingecko.com/en https://www.coingecko.com/en
It seems that the market is ignorant against news like this. As we have seen after what some countries had attempted to ban
People will see value in this and try to acquire it. Making it harder to buy may very well put bitcoin a higher price or activity goes underground. Everyone loses
- notahacker 9y agoGood to see somebody's done the "this is good for Bitcoin" post without intended irony... There's a tenable argument the UK simply isn't a big enough influence on BTC prices to make much difference and the regulation probably won't go very far, but arguing that making Bitcoins more difficult to acquire, spend or turn into something spendable is going to drive demand for it is just silly.
- russdpale 9y agoI will be buying the dip. Be greedy when others are cautious.
- dogecoinbase 9y agoBe greedy when others are cautious. Youth really is wasted on the young.
- joeblow9999 9y agoIt's a paraphrase of Buffet's quote 'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful' Not so young.
- monkeyfoop 9y agoThis. I started salivating at the thought of hopefully grabbing BTC, BCH, and ETH at a discount like we did recently
- adwf 9y agoI suspect that the AML and KYC regulations will start to be enforced for bitcoin in the UK at some point. Bear in mind that London is one of the biggest financial centres in the world; if they can't trade it due to AML laws, then we'll really see if they have an influence Serious jail time if a business is caught in any of the stages of the money laundering process.
- DennisP 9y agoStories like this are offset by positive news in other regions. For example: - Germany just excluded small purchases with cryptocurrency from capital gains. - The heads of the CFTC and SEC recently testified to Congress, both with a very positive view on cryptocurrency (though the SEC intends to crack down on ICOs). - People worried about a shutdown in South Korea but instead they're just moving to better-regulated exchanges. - Japan has officially recognized cryptocurrencies as valid payment methods. - Switzerland just released official guidelines for ICOs.