The Beast1 said:Maciano said:Those actions will crash the price, but bitcoin will slowly recover as governments will not act in unison. You just need to go to a country that still hasn't outlawed bitcoins to sell them for local fiat; I'm also sure sites like localbitcoins will proliferate, so you can always go to local bitcoin dealer to convert any time you like.
I wouldn't bet too much on those loopholes staying open forever. The US can and has previously locked out other countries from the US powered global financial system. A concerted global effort to prevent fiat to coin exchanges would be a death blow.
A local illicit BTC dealer isn't going to be giving you $15k or even $1k for your coins if this scenario occurs. It will probably be a lot lot less. And no, unlike illegal drugs which have inherit value because they get you high, crypto coins don't have the same utility.
As Gmac said, it's a gold rush. Get your slice and get out.
You might be right. Nothing lasts. Then again, I got in for the money, but I stayed for the revolution. I want bankers, central banks, economists, media financial experts and governments to suffer and look like the fools & scammers they are. We need a better system than we have right now.
On the second, I have a fixed exit price. I had one when I got in, early 2013. It's 40K. We'll reach that this bull-run, or somewhere next year. If not, I won't be a bitch and cry about it.
I already checked out money to start a business and pay off my student loans. I'm fine regardless.