Re:If Bitcoin Looks Like It Isn’t Trading, It’s Because It I...
by AndrewUnmuted on Monday December 09, 2019 @10:52PM
(#21749444)
Bitcoin can't be a currency until it is legal to use as a form of tender.
These days, I see bitcoin like the ivory trade. Plenty of it out there, not much public movement, and it is illegal to do with it what everyone wants to do with it. So people are hoarding it while appearing to distance themselves from it for tax/legality purposes. I no longer look into this topic too regularly so this may be a naive thing to say, but there are far more naive people than me out there with money in bitcoin...
These days, I see bitcoin like the ivory trade. Plenty of it out there, not much public movement, and it is illegal to do with it what everyone wants to do with it. So people are hoarding it while appearing to distance themselves from it for tax/legality purposes. I no longer look into this topic too regularly so this may be a naive thing to say, but there are far more naive people than me out there with money in bitcoin...