Quote:
Originally Posted by Paul
That's not the point he's making and you know it. If the banking industry decide they don't want any banks dealing with Bitcoin exchanges then the price of Bitcoin will drop through the floor and it'll drive out the majority of the speculators that only have money invested due to it's incredible capital gain in such a short space of time.
The potential of Bitcoin as a technology is inexplicably linked and depends on the users ability to convert fiat to Bitcoin and vice versa.
Also TheSquealer hasn't made any "blanket statements" what he has done is make some excellent points, he's one of the few voices of reason in this thread!
Nailed it! 
Crypto currencies are a direct threat to the consolidation of control the banking industry has managed to exert over us all, that control is only going to continue to increase.
HSBC are now imposing restrictions on large cash withdrawals
http://www.bbc.co.uk/news/business-25861717
You now have to provide them with proof before the bank decides if they want to give you your money.
They're all slowly starting to roll out these policies, next up monthly fees for personal accounts! |
The radically invasive policy change of HSBC, accompanied by their absurd statement that they feel no need to even inform customers of it - is stomach turning big brother shit - I highly doubt they would have the balls to try this in any of their US branches.
Your posts are just as bad as the squealers with your predictions of what would or could happen to the price of BTC - telling a guy that he nailed it with uninformed crap doesn't make it any more true.