I was reading somewhere that russia is going to ban cryptocurrency and people are predicting latest paris attack involves bitcoin transactions. All this thing should have lower the price but we are seeing steady rising curve on price.
What can be the reason of this?
Well if something allegedly going to be banned sometimes in the future that used to have little effect on the current actual price. In addition if they ban it then what? Russians are quite clever people and they have a long history of doing business with banned goods and services, so I guess they not going to be very desperate because of this new ban in a long row
.
BTC involvement in the Paris attack was clearly a bullshit. I guess someone in the EP was shorting BTC
. BTW if BTC was involved that's not a big issue, probably much more Euros in cash was also involved, but I don't hear any moaning about banning Euros or cash payments.
As most BTC users are used to be intelligent, informed and sceptic about govt BS, I'm not surprised because of the little effect of these two news.