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Topic: Why no crash today? - page 2. (Read 2733 times)

hero member
Activity: 529
Merit: 500
May 16, 2013, 12:40:29 PM
#11
It is too bad that the few eBay type businesses that sprung up early on didn't fair better. If people trade things for btc so they can buy other things with btc govts couldn't get involved. Speculators would be pissed and no one could dream about getting rich quick.

Bitmit is working very well. Coingig and the others have a hard time finding people to buy and sell. The infrastructure is there, what is needed is some marketing.
legendary
Activity: 1218
Merit: 1001
May 16, 2013, 12:37:23 PM
#10
If you are holding a currency that can not be seized, why would you sell it for a currency that can be seized after the government starts seizing currency?

That is a fantastic reply Cheesy
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
May 16, 2013, 12:35:50 PM
#9
I think it is because the fundamentals of bitcoin are looking as good as ever.
hero member
Activity: 702
Merit: 503
May 16, 2013, 12:32:49 PM
#8
I think it's because there are more and more other places to exchange B, such as WebMoney just announced.

Also, since people can't get fiat in and out of gox as easily, I think they will get it out to other places via Bitcoin. If that's true, the rate should go up?  Undecided
sr. member
Activity: 367
Merit: 250
Find me at Bitrated
May 16, 2013, 12:29:42 PM
#7
Quote
it appears that EVERY entity that associates  or has associated with MtGox is subject to seizure of their money

I'm not sure this is true.  Just Mutum Sigillum, which was MtGox's Dwolla-side business.

Besides, this is one of those paradoxical cases where if you have USD in MtGox and you want it out quick, you have to buy up the BTC first. 
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
May 16, 2013, 12:25:09 PM
#6
As long as people continue to use Bitcoin it will always have value. Regulators are only concerned with fiat.

It is too bad that the few eBay type businesses that sprung up early on didn't fair better. If people trade things for btc so they can buy other things with btc govts couldn't get involved. Speculators would be pissed and no one could dream about getting rich quick.
legendary
Activity: 1764
Merit: 1002
May 16, 2013, 12:21:09 PM
#5
b/c when gubmints start seizing money, the best thing to do is convert to Bitcoin and hit "send".
legendary
Activity: 1764
Merit: 1002
May 16, 2013, 12:18:45 PM
#4
If you are holding a currency that can not be seized, why would you sell it for a currency that can be seized after the government starts seizing currency?

If you are holding a currency that can not be debased, why would you sell it for a currency that can be debased after the government starts debasing currency?
sr. member
Activity: 364
Merit: 250
May 16, 2013, 12:08:46 PM
#3
If you are holding a currency that can not be seized, why would you sell it for a currency that can be seized after the government starts seizing currency?

justusranvier, it's crazy, isn't it?  When the shit hits the fan I just lock up any free coins in cold storage and wait it out.

Emotional humans are emotional.
legendary
Activity: 1400
Merit: 1013
May 16, 2013, 11:55:20 AM
#2
If you are holding a currency that can not be seized, why would you sell it for a currency that can be seized after the government starts seizing currency?
member
Activity: 74
Merit: 10
May 16, 2013, 11:53:18 AM
#1
Based on the details of the recent Homeland Security actions, it appears that EVERY entity that associates  or has associated with MtGox is subject to seizure of their money. 

With that said.. Why hasn't the price of BTC's crashed today?
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