what effect has the recent cypress news had on the price of bitcoin?

shmadz (OP)

Legendary

Offline

Activity: 1512
Merit: 1000

@theshmadz

what effect has the recent cypress news had on the price of bitcoin?

March 20, 2013, 03:41:32 AM

I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:> cypress bank account confiscation <:you can go and look for yourself...

My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996

1715610851

Hero Member

Offline

Posts: 1715610851

Ignore

1715610851

1715610851


	Report to moderator

1715610851

Hero Member

Offline

Posts: 1715610851

Ignore

1715610851


	Report to moderator

I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

1715610851

Hero Member

Offline

Posts: 1715610851

Ignore

1715610851


	Report to moderator

1715610851

Hero Member

Offline

Posts: 1715610851

Ignore

1715610851


	Report to moderator

1715610851

Hero Member

Offline

Posts: 1715610851

Ignore

1715610851


	Report to moderator

Spaceman_Spiff

Legendary

Offline

Activity: 1638
Merit: 1001

₪``Campaign Manager´´₪

Re: what effect has the recent cypress news had on the price of bitcoin?

March 20, 2013, 03:45:12 AM

Quote from: shmadz on March 20, 2013, 03:41:32 AM

My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

I guess both. The last part is certainly true. Confiscation is a symptom of economic and financial crisis. The counterparty risk and fiat dilution that are accompanied by such a crisis is the reason why people look for alternatives such as bitcoin.