start by reading this:
http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/
then use your imagination.
http://bitcoinmagazine.com/8778/bitcoin-chinas-new-special-economic-zone/
then use your imagination.
Ah yeah, I'm fully aware of the Chinese situation and I get what you're saying. No argument there but do you remember the April crash? It was caused by to many people logging on to Gox to trade in BTC. Not that was a bullish sign if ever I saw one!! For five days after that the price fell..
Firmer laws surrounding digital currency in the foreseeable future will be adopted, not just in China.
Its not necessarily a bad thing, it gives BTC some credit/legitimacy and as explained will not be adopted as part of the traditional banking service.
It was never intended to be anyway.
However, the market will react and my prediction is the BTC will drop to hit mid $400 USD in next 48 hours.
May be short lived, so perhaps a good time to buy a few.
Its not necessarily a bad thing, it gives BTC some credit/legitimacy and as explained will not be adopted as part of the traditional banking service.
It was never intended to be anyway.
However, the market will react and my prediction is the BTC will drop to hit mid $400 USD in next 48 hours.
May be short lived, so perhaps a good time to buy a few.
I completely agree but I'm not as confident with your estimate. I hope you're correct thought
