Topic: We're on the knifes edge (Read 3589 times)

I know...I'm not sure what country you are talking about (if any in particular), but my point is that at least, so far, the US government just wants to regulate it and get their cut.

Thanks for the info ... I am talking about why and how the government will stop Bitcoin.

US government already imposed tax regulations for bitcoin back in early 2014...

I hope you are right, and as history indicates governments eventually retreat you could be right, it would be wonderful because that means that at end of that process our governments will be more democratic and less totalitarian, but there are few issues with your optimism. The first one is that the current shape and demographics of Bitcoin doesn't really justify such optimism about a strong come back. Currently Bitcoin is dominated by Chinese and you shouldn't expect from the traditionally loyal East Asians citizens to stand up to totalitarian oppression. Try it, go ahead and criticize a fucking communist leader or the fucking undemocratic Chinese political system front of a Chinese and you will see the reaction: your audience will be offended how dare you are to criticise their communist dear leaders. Those Chinese Bitcoin supporters will never challenge the authority of government. They take advantage of the system, as usual use this western innovation but don't expect the Chinese will save Bitcoin. If it happens what you predict - and again, I hope it will eventually happen - then that will be driven from the west, but the issue is that Bitcoin in the west struggles to gain popularity, so it will be a long-long process. Also, the west is not in a lot better shape at all than Asian societies (terms of resistance to the government), but at least here we have some traditions of standing up for human rights and democracy which could be the base for the resistance about Bitcoin.
 

The truth is, Killing bitcoin would be the best thing ever hapened.

Because when governments killed bitcoin, it will come again; bigger/longer/uncut/stronger/faster/better.

Since there is no underlying major design flaw in Bitcoin nor such thing as software bug that cannot be fixed, the only thing can destroy Bitcoin is the government and I think they will destroy it once it is getting popular and start interrupting the tax collection, which will be soon, when the only source of money for government will be the tax revenue.

The governments that has taken the surveillance of citizens to extreme level already will simply not allow that a digital currency will be channelling untaxed money. Right now, with the few million $ per day volume Bitcoin is so insignificant in macro economic terms that it simply does not worth any work from the governments, but once it will be popular (which will be once the sovereign debt crisis unfold and the bond market collapse) then the governments will act.

No ... We are at the end ... Bitcoin is done

I don't doubt it at all that the market it still heavily manipulated...very easy for whales to do with all of the bitcoin xt fud and bitfinex issues. However, I do believe as the user base keeps growing and we approach the halving, etc etc etc, 4 more years of all this, another halving...we're gonna see the price pushed upwards significantly. Sure, I think we'll still see manipulation during all of this, but the price fluctuations will be at higher levels, so I wouldn't really worry about it.

I find it more probable that this is just a dead cat bounce , than it is solid buy support. I still think we're sooner to see ~170-180 price range than to bounce back to >250.
I could be wrong tho, but this seams to me like build up of fake support to fool the buyers, before releasing an another dump. Many will disagree , but i strongly believe the
market is still manipulated.

every one sees it in a different way. for one it may look like bitcoin is going to fall real hard, and for the other nothing has changed.

We never were bro.

Are we still on the knife's edge? If not, please let this thread die...

I think the trend started awhile back but recovered so its hard to tell.

I dont check the price like every day, but if I see it around same price each week its taking time to decline for the 200 mark.

Is this based on the bitcoin split and people murming about bitx and how users will force to use the new wallet?

Or more on the whole how the bitcoin halving..

I dont get how thats a crash, wouldnt the crash imply that the value is worth nothing pretty much $1 or zero value.

If its $200 it just means that people arent willing to sell off since we all holding it to percieve value.

When we crash below 200 and stay there, that will be downhill. Not a 20 dollar fluctuation. Smh.

I've seen your posts, they are beyond bearish.  I think we are back to a flatline, not downhill

There is buying going though, just a week ago we were down to the $210 range, now were back at $230.  There is buy support, just not enough to support going back to $250

No ... we are not on the edge of knife ............ there is not any hard buying anymore ....... we are in a Downhill ..........

history being a proof of the words I speak, there is no technical flaw which cannot be fixed. Either it could be a challenge and the people who were designated responsibility of the project could turn to total kids and debate, go against the very fundamentals and create a new application which is a direct competition to the program, disrupting its core ideology. yeah, btc xt users can even be tracked so good luck to everybody jumping from core, good luck with that.

Exactly, and even if we touch $150, it'll boomerang back up right away. Nothing to worry about. The only thing that could destroy BTC is if a technical flaw was discovered that couldn't be fixed.