The hole crypto market is entering a dificult fase,New York regulation as they want to controle the crypto market has many bad things proposed,there are people willing to close there miningpool and what not,all this fear will drag the price down off all coins and i'm sure when the regulation starts the bad news for the crypto eco system will start and people convert to fiat again,i believe this will be also the abbused reason to drag the prices down even further to the lowest we have ever seen after November 2013.
Crypto will take a big hit but will survive as always,i say get your fiat ready and buy BTC low in a few months from now,sell anything in your house you can live without and safe the money for the biggest drop we have ever seen!
Thing is crypto was invented to take on people like BL and the system he represents.
Do you really believe one state in one country(a dying country) will have such a devastating effect on crypto?
I'm ready and waiting to catch the knife if bitcoin goes bellow $300.
Anyway Dark solves the problem. It will be worked around, just like most regulations.
I agree...this means crypto has to develop full circle of use. In otherwords where is needs to start is creating a complete fiat free ecosystem. this may take years and even decades...but that is the future, were you pay the farmer in crypto, buy groceries and other essentials in a closed system free of fiat. This is a long time away yet...but I too don't care about NY and their regulations...Asia, Europe and London...and the rest of the world is HUGE! Sure...if you live in NY its going going to be difficult at first...but if they figure out how to smuggle H out Afghanistan or C from Mexico in one of the most highly regulated and surveillanced countries in the world...well lets just say where there is a will .....there is ALWAYS a way.