People panic selling will be losing money.

[kokjo]

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.

[nobbynobbynoob]

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.

[kokjo]

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.

[BitCoiner2012]

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..

[RodeoX]

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. 

[kokjo]

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..

Exactly. the accountability was directed at the silkroad people, they are not above the law.

[btdir]

people should be held accountable

[pinnpe]

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!!!!!!

[aceking]

price is to 127 already , in the long is better for bitcoin that criminals got busted.

[Hazard]

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/

[Argwai96]

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.

meh. people who panic sold near the top did pretty good for themselves.

[Birdy]

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.

meh. people who panic sold near the top did pretty good for themselves.

Yes, those who panic first, panic the best.
But if you panic later on, you could happen to be the last one.

[wopwop]

Yawn

[johnyj]

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...

[theonewhowaskazu]

Who is selling coins? Not long term investors for sure, not drug dealers either...

Speculators obviously. Also, I suppose, potential drug-buyers.