Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
11ams
on 18/12/2013, 20:05:20 UTC
Quote from: Walsoraj on December 18, 2013, 08:02:06 PM
Quote from: 11ams on December 18, 2013, 07:59:56 PM
Quote from: Walsoraj on December 18, 2013, 07:57:48 PM
Chinese just provided a blueprint for how to kill bitcoin. Outlaw fiat deposits but allow withdrawals.

Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.  

Cheesy Cheesy Cheesy

Of course it does. Adoption follows speculation. We are at the speculation phase.

While fiat blocking is certainly a BTC weakness right now, not all countries can just shutdown exchanges as easily as the Chinese can. Getting real sick of China's shit right now though, hahaha.

Not a healthy foundation.

No, not really, but how healthy can you expect such disruptive technology like Bitcoin's foundation to be? Something that directly competes with every country in the world's REAL power. While this is my first BTC bubble, I deeply understand the 'early adopters risk more and should be rewarded more' aspect now.