[ExI] Buy! Buy! Buy! (Bitcoin again)

[Brent Allsop]

Stathis,

I know some of the most brilliant and productive entrepreneurs in the US 
that are thinking of leaving the US, and taking their new Bitcoin start 
ups with them, to places like Canada and Europe, where they are more 
definitively accepting of Bitcoin than the US, who is basically still 
ignoring it (making it very difficult to do Bitcoin Business here).  
Also, since China has banned it, I bet a significant amount of capital, 
and entrepreneurial brains, are already leaving China very fast, for 
greener pastures.  Even if the US and Europe tried to join China and ban 
it, countries like South Africa, where they are welcoming it, will 
similarly welcome all the capital and entrepreneurs to their shores, as 
they flee all centrally controlled anti free states.  Capital always 
flows to where it is treated the best.  It'll be interesting to see how 
long it takes centrally controlled places like China to see this, and 
the damage they are doing to their own country, and it will also be 
interesting to see how many other countries attempt the same thing, and 
for how long.  And how much those states that ban it drop in per capita 
income, during that time, compared to I would expect explosive growth in 
free states.

I think china banning it is the greatest thing that could happen to the 
west and all more free nations.  Not to mention, I plan on making 
another significant purchase of Bitcoin, come Jan 1st, from my pre tax 
IRA, so I can invest the taxes I'll owe for 18 months, before I have to 
pay them.  So this drop is price will double the amount of bitcoins I'll 
now be able to get.  I bet lots of People in the US, are planning on 
doing the same thing, come Jan 1st. I'm going to do my best to beat the 
rush.


Brent Allsop



On 12/18/2013 4:53 PM, Stathis Papaioannou wrote:
> On 19 December 2013 06:27, Kelly Anderson <kellycoinguy at gmail.com> wrote:
>> For anyone not paying attention this morning, bitcoin has hit a snag in
>> China and is now trading well under $600. If you've been putting off jumping
>> in, now would be a great time to do so, IMHO.
> If governments decide they don't like bitcoin it would be relatively
> easy to shut down the exchanges and forbid its use in retail
> transactions, as China has done. Bitcoin might survive, but at a much
> lower price.
>
>