P.S. I stand by my expectation of a revisit to $400 and probably a bottom under $300. The chart resembles silver's fall. Why? Because pigs get slaughtered in permabull markets (of tinfoil hat white males) where everyone wants to buy always.
All the things I've been warning about have come true.
http://www.theregister.co.uk/2014/03/28/bitcoin_china_pboc_ban/Scenario analysis forward is there is a possibility that offchain services will increase mass adoption of Bitcoin. They might lobby the government for say an exclusion to capital gains for up to say $600 per year of gains due to transactions or say up to $100 per transaction. In return, they would offer the government regulators control over the offchain solvency. This could come in stages as Bitcoin transitions from an ideal of non-fiat, on chain currency to an offchain, fiat currency.
The early adopters will not gain from this (see quote below). The institutional players will. These white beta-males will be slaughtered once again by the collective system. The institutional players know how the game is played to manipulate the masses to the desired outcome so that control remains in the elite hierarchy.
http://armstrongeconomics.com/2014/03/27/obama-lagarde-destroying-the-world-economy-a-lethal-combination/Obama is of the same mindset and views anyone who even tries to hide money as a criminal. Sources have been warning all along that Obama would like to see the tax rate restored to where it was before Reagan – 70%. With the new technology to track money and with Lagarde, the two have been pushing to try to shut down every possible avenue to store wealth they cannot get their hands on.
Lagarde and Obama are actually pushing the rest of the G20 into destroying the world economy.
http://armstrongeconomics.com/2014/03/24/the-real-conspiracy-the-imf-tax-agenda/Obama is on board fully with the IMF agenda to raise taxes substantially French style. The IMF has been behind the scenes going to every former tax shelter and threatening them to turn over data. They have hit the Caribbean islands right down to Panama.
The point I am making is that when you are isolated from the masses and identified doing some financial transactions, you are the first ones Hitler goes after because the masses will not complain, especially given that you are doing drug trading!
Just see that image of Risto upthread that makes him look bad. Whether you are bad is irrelevant. You can be associated with the drugs by implication and the mass politics will says "yes going after those cheats and evil do-ers".
You see the elite can turn you into the bad guys in the eyes of the masses, you white male unconformists. Then the elite can say, "those Bitcoiners who are not evil will prove it by registering and holding balances in the regulated offchain services".
You see there is no chance in hell of winning against the elite for as long as they can identify who you are.
The only way the rebels ever win is by guerrilla warfare wherein they can't be targeted.
There is probably more that I could say to make this more convincing, but let me close by saying...
I am not a slave. Join with me if you want to win.I won't be holding your hand advising you when and what to do. You won't even hear from me. But I will silently be making sure the technology is correct.
I would love to see us take the internet back. I believe "we" will win, where the "we" are those who adopt the very high tech solutions.
I doubt any more talk will be effective. I am confident that soon others will be talking on my behalf. Those who want to win will hopefully hear. Good luck to everyone, including my detractors (peace).