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Title: People panic selling will be losing money. Post by: kokjo on October 02, 2013, 07:46:29 PM im buying all ya cheap coins.
Never used silkroad, and is apparently never going to. This day is a sucess for bitcoin, it is the first real move for bitcoin to be introduced into the real world and people being held accountable for their actions. its good for the public that bitcoin is more the just drug and scams. Its good that silkroad got closed. Title: Re: People panic selling will be losing money. Post by: nobbynobbynoob on October 02, 2013, 08:02:12 PM And it doesn't matter in the longer term because fresh "Silk Roads" that are more resilient will come along to fill the vacuum. I am not knowledgeable enough to run an operation like this, but hopefully anyone who has the guts and determination to try will be smart enough not to be living in the US, for one. Try a tinpot country where you can bribe officials to look the other way, perhaps.
Title: Re: People panic selling will be losing money. Post by: kokjo on October 02, 2013, 08:07:13 PM And it doesn't matter in the longer term because fresh "Silk Roads" that are more resilient will come along to fill the vacuum. I am not knowledgeable enough to run an operation like this, but hopefully anyone who has the guts and determination to try will be smart enough not to be living in the US, for one. Try a tinpot country where you can bribe officials to look the other way, perhaps. yes, of course more will come, and more will get closed. But its still good for bitcoin and user of it to show that local law will be enforced, as it should be. Bitcoin is not a magic shield against the law.Title: Re: People panic selling will be losing money. Post by: BitCoiner2012 on October 02, 2013, 08:13:04 PM im buying all ya cheap coins. Never used silkroad, and is apparently never going to. This day is a sucess for bitcoin, it is the first real move for bitcoin to be introduced into the real world and people being held accountable for their actions. its good for the public that bitcoin is more the just drug and scams. Its good that silkroad got closed. Can you define accountability in this scenario? Pretty sure Bitcoin is exactly what it was a week ago, regardless of SR.. Title: Re: People panic selling will be losing money. Post by: RodeoX on October 02, 2013, 08:18:01 PM Please do panic. Panic has been the single most profitable element in my bitcoin strategy. I buy when there is panic selling and spend during panic buying.
In two weeks the ones who sold low will be back at these forums calling bitcoin a scam because they lost money. Title: Re: People panic selling will be losing money. Post by: kokjo on October 02, 2013, 08:21:36 PM im buying all ya cheap coins. Never used silkroad, and is apparently never going to. This day is a sucess for bitcoin, it is the first real move for bitcoin to be introduced into the real world and people being held accountable for their actions. its good for the public that bitcoin is more the just drug and scams. Its good that silkroad got closed. Can you define accountability in this scenario? Pretty sure Bitcoin is exactly what it was a week ago, regardless of SR.. Title: Re: People panic selling will be losing money. Post by: btdir on October 02, 2013, 08:29:31 PM people should be held accountable
Title: Re: People panic selling will be losing money. Post by: pinnpe on October 02, 2013, 08:32:11 PM I bought a few Bitcoins Bitcoins Bitcoins
I bought a few Bitcoins Bitcoins Bitcoins I bought a few Bitcoins Bitcoins Bitcoins I bought a feeeeeeeeeeeeeeeeeeeeeeew Bitcoins!!!!!! Title: Re: People panic selling will be losing money. Post by: aceking on October 02, 2013, 09:20:22 PM price is to 127 already , in the long is better for bitcoin that criminals got busted.
Title: Re: People panic selling will be losing money. Post by: Hazard on October 02, 2013, 10:54:28 PM Accurate statement. Bitcoin will creep back up in price once people realise this isn't at all a big deal.
http://cryptolife.net/silk-road-takedown-bitcoin-great-buy-right-now/ Title: Re: People panic selling will be losing money. Post by: Argwai96 on October 02, 2013, 11:00:43 PM im buying all ya cheap coins. meh. people who panic sold near the top did pretty good for themselves.Never used silkroad, and is apparently never going to. This day is a sucess for bitcoin, it is the first real move for bitcoin to be introduced into the real world and people being held accountable for their actions. its good for the public that bitcoin is more the just drug and scams. Its good that silkroad got closed. Title: Re: People panic selling will be losing money. Post by: Birdy on October 02, 2013, 11:06:08 PM im buying all ya cheap coins. meh. people who panic sold near the top did pretty good for themselves.Never used silkroad, and is apparently never going to. This day is a sucess for bitcoin, it is the first real move for bitcoin to be introduced into the real world and people being held accountable for their actions. its good for the public that bitcoin is more the just drug and scams. Its good that silkroad got closed. But if you panic later on, you could happen to be the last one. Title: Re: People panic selling will be losing money. Post by: wopwop on October 02, 2013, 11:14:27 PM Yawn
Title: Re: People panic selling will be losing money. Post by: johnyj on October 02, 2013, 11:40:29 PM Actually I thought the price should skyrocketing following the news, since all the drug dealers now have to convert their stash into bitcoins. Cash out to dollar make them a easy target of confiscation/frozen, as long as they are operating in the banking system, there is no way of escape
Who is selling coins? Not long term investors for sure, not drug dealers either... Title: Re: People panic selling will be losing money. Post by: theonewhowaskazu on October 02, 2013, 11:57:45 PM Who is selling coins? Not long term investors for sure, not drug dealers either... Speculators obviously. Also, I suppose, potential drug-buyers. |