I saw a "nightmare" that bitcoin will end up to 575 usd but instead of that it was 1175 when I woke up.
Definetely I would go and liquadate some gold coins and bars to buy bitcoins if the weak hands were able to dump the beast that low.
If it goes to USD 575, I will think of selling my house.
There was a lot of talk about the SEC announcing the decision on Monday and so I totally missed the news. By the time I found out, the price had crashed and rebounded as well.
Which nation-state wants to welcome crypto and solidify their position as leading innovators? Stifling it in your country because you fear your own people, or is it just for petty crony cash, Benny Lawsky? The time will quickly approach and the countries left to squabble over $50k+ bitcoins to fill their crypto reserves will regret such narrow mindedness.
Japan, the phone is ringing...
Countries might not feel the need to fill their reserves with Bitcoins. They might encourage innovation, regulate bitcoin trades, but buying bitcoins would indicate that they didn't have faith in their own currency. That won't happen quickly.
The buyer is going to hire detectives to ensure that the Bitcoins are not tainted. Would he have done the same thing if he was accepting a cheque? Bitcoins are as fungible as pounds and dollars.
Wasn't there a case against Jamie Dimon for market manipulation of Bitcoin, in Switzerland or something? Whatever happened to that case? In most instances, the banks manage to get away by quietly paying a fine.
