Post
Topic
Board Speculation
Re: "Mt. Gox user accounts will have to be verified." (or use Bitcoin)
by
ineededausername
on 31/05/2013, 01:58:19 UTC
I really do not see the events of this month being bullish for Bitcoin unfortunately.  Fundamentally... if BTC cannot enter the economy then the price stagnates at best... decreases at worst.

I have been blogging about my technical analysis of Bitcoin but I have made a decision today to start cashing out through the remaining exchanges to limit my worst case risk.
http://www.adventcarraig.com/2013/05/30/bitcoin-concerns/

You have been cherrypicking the worst events to justify your bearish emotions. 

On the positive side, millions of dollars of VC funds are flowing into the system, and a better, regulation-compliant exchange that WILL reduce friction between bitcoin-world and fiat-world while eliminating regulatory risk is bound to come out of it, among other great services.  We are simply seeing a move into legitimacy.