I don't disagree with anything you said.

I'm disagreeing with the differences in news. As far as I can tell nobody really knows what the stance on Bitcoin is in Thailand, just that there aren't pre-existing laws so that it is de facto illegal. Furthermore, making something illegal does not cause the price to automatically tank as Frozenlock suggested, look at drugs as an example. When the Cyprus news hit, it was actually in major media outlets and Bitcoin got a lot of attention for its qualities, ie. avoiding confiscation in scenarios like Cyprus. I haven't seen the Thailand pseudo-news rippling like that.

I want to drone on with this but I'll stop as to not derail the thread further.