Agreed. We are still very early in the adoption S curve.

yup.....

Claiming bitcoin can't be regulated to near death is naive. I don't think it is going to happen but the US doesn't even need to pass new laws to do it. Current AML laws are more than enough to stop any bank in the world to deal with bitcoin if the US decides to enforce and sanction based on it. All they need to do is declare more addresses as linked to Iran or other banned entities and then the nature of bitcoin will eventually make allmost all coins tainted. There are already 2 bitcoin addresses on that banned list by the way. If the EU can't get banks to do business with Iran because they all fear US sanctions then which banks do you think will stick their neck out for bitcoin. Bitcoin is not mature enough yet to keep its value without dependable fiat onramp and offramp.

You have to understand that the USA market is becoming less and less important to bitcoin. Binance, the leading exchange, has already blocked some USA customers and will block them all by September. It hasn't hurt the price.

Jurisdictions like Malta, Gibraltar, China, Russia, and others will not cave to the USA. Sure the USA can pressure USD-based bank accounts but it's a game of whack-a-mole that bitcoin exchanges have been playing for years and there will always be banks that want the fee revenue.

The more the USA tightens their grip the more bitcoin entities will slip thru their fingers. Nobody important is enforcing the USA sanctions list, or checking for taint with those addresses. Bitcoin is fungible and people involved know that a global-blacklist will never work.

So yeah, the USA can do whatever it wants, there are other fiat onramps in the world that will not play ball and bitcoin will continue to survive and thrive. The time to kill bitcoin was 2011-2013. It's too late now, you can't unring a bell.

Binance isn't dealing in dollars at any scale yet, the hard fiat exchanges determine the real price

China and Russia are firmly anti BTC and view it as a possible cancer on their systems

Everyone cares about US sanctions, only small underground players can evade them, back to whatever price is supported by cash in alleys


Thinking the USA can't kill the price of BTC is basically full reddit cult I-have-no-idea-how govt-or-institutions work thought.

Bitfinex cut US customers out completely and they were doing fine.

Of course, it was all a lie and they were doing substantial business inside the US, but that's probably not a big deal.

Tell that to the EU and the Iran sanctions. The second most powerful economic block in the world can't figure out how to pay for Iranian oil because no banks want that free revenue but those banks apparently will do it for bitcoin. This includes Russia and China who both are still in the nuclear treaty Trump blew up. Also fungible is not a good thing as that is why AML laws would work to block all of bitcoin. You need to show the money didn't come from that increasing list of addresses. The same reason why depositing large amounts of cash is not like it used to be. I agree the US can't completely kill bitcoin but they can kill its value. This is true until bitcoin is so mainstream miners can pay their electricity bill in bitcoin.

Bitcoin will be >25k by the Jan 1, 2020. Take that to the bank.

Pics or gtfo

Bet your dick on it or why bother.

If you get DanMarino to vouch...

Bitcoin can’t be banned. Ok you can pass laws and regulations against it but they would be unenforceable. Just a giant waste of time and money trying. Prohibition never works, history proves that. Of course governments don’t want to lose control of money and wish they could ban it, but anyone that tries to will just look dumb as they waste as much money and effort as they throw at it. The competent governments realise this already.

We are in a situation where people who don’t own bitcoin are falling behind people who do. This is only going to continue and it will accelerate to the point where countries who don’t own bitcoin fall behind the ones who do.

Bitcoin is sufficiently centralized that a crackdown by two countries can probably kill the current chain. Regardless, the discussion isn't about banning bitcoin (what does that even mean?), it's about the impact of price if the US govt deployed restrictions and penalties on financial institutions providing services to business and persons involved with cryptcurrencies. Delusional bulls believe there currently exists real use-case demand for speculative tokens that back-ally sales and shadowbanks can maintain and increase current price levels. Bitcoin sales would be reduced to effectively the equivalent experience of street corner drug deals and western union moneyorders to costa rica payment processors that embezzle half the funds on hookers and blow.

Yeah zenzor there will be short term pain if the us govt restricts it instead of going to 40K by end of 2020 it will be 25k boohoo. Only up 111% in 1.5years instead of 340% or so.

That long from 11/2017 must be working out really well for you. Literally started posting here at the top along with all the other clueless idiots deteriorating the discussion quality of this thread and got rekt. Classic.

You do realise i trade when i know there is fomo. I dont just ho4dl. I am a trader buddy. I am up in bitcoins and up a lot. I posted on that date doesnt mean i didnt buy before the peak of fomo in 2017 idiot. Just i post during that time doesnt mean i didnt stock up before then. i got in btc at 1k and doing quite fine, just like i did in poker in the past. I know when to get in the boom. Yeah long crypto isnt 2 ****ing years its 5+,10+

Salty tears from top-buying rekt bulls who ruined this thread 2 years ago is the gift that keeps on giving.

You are salty u didnt get in at 1k like me.

Hahaha. I've been posting in this thread since $500 and posted exactly when I sold my positions. Unlike you, who entered and proudly announced your long at peak bubble in 2017. I suppose I should be thanking you for holding my bags

lol now u salty u dont have a position, but its okay. never 2 late to join the party again.

Such regulatory action in the US would put downward pressure on BTC price and stymie adoption (imho).

I think these questions are more difficult and meaningful:

• How likely is it the US will do this?
• To what extent?
• When?

This guy ****s. The rest of you losers are just talking butthis guy...this guy is doing all the ****ing ITT

Brad Sherman?

Interesting to read that he vehemently opposed the 2008 bailout of banks.

Where on Binance does it show this?