2013-10-25 PandoDaily: Bitcoin down 10% as FBI announces another SR seizure

[Arvicco]

http://pandodaily.com/2013/10/25/bitcoin-down-10-as-fbi-announces-seizure-of-another-28-5m-from-silk-roads-founder/

[Tirapon]

lol WTF? 'Price is down due to SR seizure' - No, price is down 10% because it recently doubled over the course of a few weeks and its correcting slightly over the weekend. You're new to all this Michael, aren't you?


EDIT: Maybe I jumped on that too quickly -having read the article properly instead of just skimming it, you make some good points. My apologies. I still stand by the fact that we're just seeing a natural correction after such sudden growth though.

[LiteCoinGuy]

lol, i didnt even notice that 

10% is the normal fluctuation 

[bernard75]

Additionally the government cant just drop the 224k on the market, provided they really have access to it.
It will be auctioned off as company assets.

[malevolent]

Additionally the government cant just drop the 224k on the market, provided they really have access to it.

It's ~174k BTC.

[bernard75]

You are right, i confused the 80kk in $ with 80k of BTC.
So with the confirmed 144k recently, Ross was only holding 30k?