Will be interesting to revisit the thread a couple of years from now.
No one will give half a fuck about this dipshit thread a few months from now, let alone a few years.
Topic: The air is leaving the bitcoin balloon, and these 3 events could be why - page 2. (Read 1918 times)
August 19, 2014, 09:39:53 PM
August 19, 2014, 09:38:01 PM
Will be interesting to revisit the thread a couple of years from now.
No one will give half a fuck about this dipshit thread a few months from now, let alone a few years. August 19, 2014, 09:18:46 PM
Will be interesting to revisit the thread a couple of years from now.
August 19, 2014, 09:16:13 PM
On July 17, New York State released a proposal for what could end up becoming the first ever tailor-made bitcoin regulations, so-called Bit Licenses (...)
Then, on August 11, the Federal Government’s influential Consumer Financial Protection Bureau warned users of bitcoin (...)
Here's the NON-1984 "ignorance-is-strength" interpretation of these events:Then, on August 11, the Federal Government’s influential Consumer Financial Protection Bureau warned users of bitcoin (...)
On July 17th, a Bankster Goon proposes a hostile takeover of the bitcoin economy in New York state; thinly disguises as "regulation".
On August 11th, the Federal Government issues a FUD memo targeting a threat to their violence-enforced monopoly over the power of money-creation. Does this look familiar to anyone?
August 19, 2014, 08:27:56 PM
Bitcoin fell to its lowest price since May yesterday, after suffering a massive 12 percent drop. And that was just the most recent in a weeks-long descent of the currency. It’s no big surprise, though, bitcoin loyalists still see a silver lining in the crypto-asset they believe could be the next gold standard.
When Mt. Gox collapsed in February many saw it as the beginning of the end of the cryptocurrency, and perhaps, cryptocurrencies generally speaking. Instead though, the the price of bitcoin remained relatively stable, causing others to believe the currency was finally reaching maturity. But then the air started slowly seeping from the balloon.
On June 13 the price fell below $600, on August 14, the price fell below $500, and yesterday on the exchange BTC-e, it briefly fell below $400. Though it's difficult to definitively attach the drops to particular events a few major occurrences have re-sculpted the bitcoin economy in recent weeks.
On July 17, New York State released a proposal for what could end up becoming the first ever tailor-made bitcoin regulations, so-called Bit Licenses, with a potentially prohibitive barrier to startups. So even as mainstream investors like Fred Wilson and Marc Andreessen have thrown large sums of money behind already established bitcoin startups like bitcoin wallet Coinbase, the climate for those just starting out remains daunting.
Then, on August 11, the Federal Government’s influential Consumer Financial Protection Bureau warned users of bitcoin and other virtual currencies about the dangers of hackers, schemes, price-volatility, and lack of government protection in the burgeoning crypto-economy.
...
http://upstart.bizjournals.com/news/technology/2014/08/19/3-recent-events-pushing-the-air-out-of-the-bitcoin.html
When Mt. Gox collapsed in February many saw it as the beginning of the end of the cryptocurrency, and perhaps, cryptocurrencies generally speaking. Instead though, the the price of bitcoin remained relatively stable, causing others to believe the currency was finally reaching maturity. But then the air started slowly seeping from the balloon.
On June 13 the price fell below $600, on August 14, the price fell below $500, and yesterday on the exchange BTC-e, it briefly fell below $400. Though it's difficult to definitively attach the drops to particular events a few major occurrences have re-sculpted the bitcoin economy in recent weeks.
On July 17, New York State released a proposal for what could end up becoming the first ever tailor-made bitcoin regulations, so-called Bit Licenses, with a potentially prohibitive barrier to startups. So even as mainstream investors like Fred Wilson and Marc Andreessen have thrown large sums of money behind already established bitcoin startups like bitcoin wallet Coinbase, the climate for those just starting out remains daunting.
Then, on August 11, the Federal Government’s influential Consumer Financial Protection Bureau warned users of bitcoin and other virtual currencies about the dangers of hackers, schemes, price-volatility, and lack of government protection in the burgeoning crypto-economy.
...
http://upstart.bizjournals.com/news/technology/2014/08/19/3-recent-events-pushing-the-air-out-of-the-bitcoin.html
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