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Topic: BTC climbs as Congress decides TODAY if crypto is really 'MONEY' (Read 271 times)

newbie
Activity: 280
Merit: 0
your point is that the meeting from the SEC accepts Bitcoin as an ETF, right?
but if that is true then the SEC rejects Bitcoin as an ETF and makes Bitcoin drop its price to $ 5,800


"very sad"
full member
Activity: 280
Merit: 100
I hope that very soon president of United States Donald Trump would go on the public and he would say that I have bought for myself 10 bitcoins investing and I recommend all of you to do the same.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
the bitcoin price recovery above $7k was mainly because of the fact that price had reached bottom and it was time for us to see a rise after months of dropping. lets not forget that price fell nearly 70% and this is the  correction of that huge drop.
the news like this is important but at the end of the day bitcoin still goes up because of its growing adoption.
copper member
Activity: 24
Merit: 0
And who wants to be a slave for life. BTC is the way
jr. member
Activity: 223
Merit: 1
waiting for this is ok and all that but let us not forget that for a decentralized system such as bitcoin, the approval or disapproval of the government should not matter at all.
Satoshi didn't create bitcoin so that in a couple of years bitcoin users wait to see whether the "congress" gives it green light or not.

Amen to this comments.  Why are we so willing to even pay attention to these "leaders" who do way more harm than good.  Why do we bow down and send in our "papers" for KYC.  If we continue to beg and ask for approval we will always be slaves.
member
Activity: 238
Merit: 11
Despite the decline in the market, the cryptocurrency industry and blockchain are on the rise. Of course, governments or any Congress do not influence this.Some countries are already legalizing the cryptocurrency and this is correct. Because of taxation, this contributes to the flow of capital to the state Treasury.and creates jobs. For example, Malta plans to launch the world's first decentralized Bank.
member
Activity: 560
Merit: 17
waiting for this is ok and all that but let us not forget that for a decentralized system such as bitcoin, the approval or disapproval of the government should not matter at all.
Satoshi didn't create bitcoin so that in a couple of years bitcoin users wait to see whether the "congress" gives it green light or not.

Exactly my thoughts, it should not matter how one government perceives bitcoin or other currencies.

That aside, it is good to have a rational discussion about cryptos in that level. The best outcome in my mind would be that cryptos become more easily accesible.
member
Activity: 294
Merit: 10
★YoBit.Net★ 1400+ Coins Exchange
waiting for this is ok and all that but let us not forget that for a decentralized system such as bitcoin, the approval or disapproval of the government should not matter at all.
Satoshi didn't create bitcoin so that in a couple of years bitcoin users wait to see whether the "congress" gives it green light or not.

You are very correct. Government approval does not matter.
I agree. Bitcoins are not created by the government, so they have no right to prohibit or accept Bitcoin as a form of payment. If the government and the parliament banned Bitcoin, people would always use Bitcoin as usual
hero member
Activity: 672
Merit: 526
People need to stop interviewing eToro when it comes to cryptocurrencies. They have no idea what that is. They're just trying to surf on speculation like it's a casino. You can not buy Bitcoin there. The only thing you buy is the virtual paper they call Bitcoin. You can not withdraw and send to your wallet. You can not send to a friend, cannot buy something with it. There is no interaction with Blockchain.

That represents everything Satoshi was against.
member
Activity: 135
Merit: 12
Call me Mr. Hans
These days people decide what's money. Fiat failed since forever and will fail again. over 6000 currency got to 0 after a while. Euro and USD are going there full speed!
full member
Activity: 364
Merit: 101
This could be a big help to pump up bitcoin but this doesnt necessarily be the only reason why bitcoin will increase in value. People might watch this because acceptance from the congress will probably attract more people to invest in bitcoin. But really, bitcoin exist with or without the approval of the government.
jr. member
Activity: 83
Merit: 1
waiting for this is ok and all that but let us not forget that for a decentralized system such as bitcoin, the approval or disapproval of the government should not matter at all.
Satoshi didn't create bitcoin so that in a couple of years bitcoin users wait to see whether the "congress" gives it green light or not.

You just spoke my mind. I think the most important aspect to grow the industry's worth, is by delivering workable projects with real life use cases. Whether or not Congress bow to our approval demands or not, it shouldn't stop the industry's development. Afterall third party control (approval or oversight) is not needed for an actual P2P transactions.

Creating mutual and trustless systems is by far more important than Congress hearing or any other political ceremony (mumbles).
full member
Activity: 251
Merit: 100
the btc climb is giving us more opportunities to trade again after a long way dump on June and mid July, I hope it won't dump again.
full member
Activity: 476
Merit: 108
Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering

https://news.bitcoin.com/fed-chair-crypto-no-intrinsic-value-store-of-value-money-laundering/?utm_source=Fed%20Chair%3A%20Crypto%20Has&utm_medium=telegram&utm_campaign=Telegram%20Channel

The article above might not be a good news to crypto world but i hope it would be override upon thorough study if cryptocurrency may acknowledged by federal Reserved. they might need to regulate crypto to ensure that investors money would not be abused.

member
Activity: 126
Merit: 25
waiting for this is ok and all that but let us not forget that for a decentralized system such as bitcoin, the approval or disapproval of the government should not matter at all.
Satoshi didn't create bitcoin so that in a couple of years bitcoin users wait to see whether the "congress" gives it green light or not.

100%

I just wish more people in the community realized this!
hero member
Activity: 1659
Merit: 687
LoyceV on the road. Or couch.
I agree with this, unfortunally the market will still move alot when a decision is taken  Sad
That's the fiat value only, which doesn't really matter to Bitcoin. One Bitcoin is still one Bitcoin, no matter what any government says.
member
Activity: 238
Merit: 10
It is very good that such meetings and discussions take place in America! We need official regulation of the crypto market! this will give a big impact in the development and attraction of new large investors! crypto market is the future, and all people should understand and know this! I hope there will be good news!
newbie
Activity: 56
Merit: 0
waiting for this is ok and all that but let us not forget that for a decentralized system such as bitcoin, the approval or disapproval of the government should not matter at all.
Satoshi didn't create bitcoin so that in a couple of years bitcoin users wait to see whether the "congress" gives it green light or not.

I agree with this, unfortunally the market will still move alot when a decision is taken  Sad
copper member
Activity: 24
Merit: 0
waiting for this is ok and all that but let us not forget that for a decentralized system such as bitcoin, the approval or disapproval of the government should not matter at all.
Satoshi didn't create bitcoin so that in a couple of years bitcoin users wait to see whether the "congress" gives it green light or not.

You are very correct. Government approval does not matter.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
waiting for this is ok and all that but let us not forget that for a decentralized system such as bitcoin, the approval or disapproval of the government should not matter at all.
Satoshi didn't create bitcoin so that in a couple of years bitcoin users wait to see whether the "congress" gives it green light or not.
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