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RE: Bitcoin to drop below $1000. Here Is why.

in #bitcoin6 years ago

You must not omit an essential detail in the case of the Binance fiasco. In your post, you did not explain what happened, the guilt of Binance in preventing the hack, the quick response they had and how the problem was resolved in a very quick period of time.

Also, I really don't believe you understand how regulations will help cryptocurrencies. Keep in mind, we are talking about partial regulations: in the case of ICOs and in the case of exchanges (which, again, a lot of them are shady). I can't even imagine a fully regulated cryptosphere, it is beyond my imagination.

And about the Japan thing, come on...of course any country could impose, for whatever reasons, regulations which could be potentially harmful. But nobody lives with the fear that there is the possibility, no matter how slim, of that happening.

What about SEC and CTFC? These pumped the crypto a while ago when it was hovering around 7k. You make it sound like their intentions are harmful, but in fact all they wish is the safety of the investor. A good read

I am not sure whether you literally took a glance over the post before making it public. It sounds like something the mass-media would feed me, trying to showcase all the "bad" things in crypto and how it is a bloody Ponzi.

You are obviously a good self-marketeer

Didn't mean to do that. No regrets.

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