bitcoin still free falling.

[HunterSThompson]

In case you've overlooked it...Might wanna remember the relevant tax laws where you're located.

if they want 15% of my 100$ they can send me a bill

[Nanners]

These two links explain why its dropping, and why it will almost certainly go to zero sooner or later

https://www.federalreserve.gov/newse...r20220120a.htm

https://blockworks.co/market-recap-b...to-regulation/

The central banks are the most powerful institutions on this planet, and decentralized crypto currencies pose a direct threat to the source of that power (the ability to issue/control currency). Sometime in the near future the central bankers are going to release their own digital currency, one that has all the worst aspects of cryptocurrency (like a blockchain that can be used to create a permanent record of every financial transaction that anyone has ever made with the currency)... and once the "official" digital currency is ready these bankers will have their servants in government ban every one of their competitors (bitcoin, ethereum, etc).

This is already happening in some places (like China)... in the past year they have started rolling out their new digital yuan (integrated with their social credit system), as well as banning owning/mining bitcoin.

[plowking]

These two links explain why its dropping, and why it will almost certainly go to zero sooner or later

https://www.federalreserve.gov/newse...r20220120a.htm

https://blockworks.co/market-recap-b...to-regulation/

The central banks are the most powerful institutions on this planet, and decentralized crypto currencies pose a direct threat to the source of that power (the ability to issue/control currency). Sometime in the near future the central bankers are going to release their own digital currency, one that has all the worst aspects of cryptocurrency (like a blockchain that can be used to create a permanent record of every financial transaction that anyone has ever made with the currency)... and once the "official" digital currency is ready these bankers will have their servants in government ban every one of their competitors (bitcoin, ethereum, etc).

This is already happening in some places (like China)... in the past year they have started rolling out their new digital yuan (integrated with their social credit system), as well as banning owning/mining bitcoin.

You can't really ban it... Ban it from what? There are always going to be exchanges to trade this stuff. Regardless of how it is looked at for currency, it has a network of people now so large that it is becoming too big to fail. People will still barter/trade with it even if it does become illegal everywhere somehow (also doubt this).

[Nanners]

You can't really ban it... Ban it from what? There are always going to be exchanges to trade this stuff. Regardless of how it is looked at for currency, it has a network of people now so large that it is becoming too big to fail. People will still barter/trade with it even if it does become illegal everywhere somehow (also doubt this).

You ban it by making it illegal to own/trade/mine... like China has successfuly done over the past year.

Did you read either of the links I posted? If you did, you would know that just 3 days ago sources in the white house said that they are planning to regulate crypto as a national security threat.

Sure people will technically still be able to barter/trade with it after it becomes illegal, people still barter/trade drugs and child porn even though those things illegal. That said there is no question that if/when bitcoin is made illegal it will lose virtually all of its value overnight

[FultzNationRISE]

You can't really ban it... Ban it from what? There are always going to be exchanges to trade this stuff. Regardless of how it is looked at for currency, it has a network of people now so large that it is becoming too big to fail. People will still barter/trade with it even if it does become illegal everywhere somehow (also doubt this).

This makes no sense to me.

Its only value is as currency. It isn't a physical commodity.

If it's not a common transactional currency, it has no practical value.

I'm not against the bitcoin concept. I think it'd be great if it pans out long term and changes the financial system forever.

But people need to look at the obstacles objectively, not wishfully through rose colored glasses.

[HunterSThompson]

all crypto tanked recently. biden is working with other world leaders to shut it down or regulate it

https://www.forbes.com/sites/billyba...-price-swings/


pretty much everything has tanked except bitcoin in the past week or so. if you had like 30k in it you might have made 1000 bucks lmao


its just not worth the risk anymore