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Author Topic: Why Bitcoin price will go up  (Read 1921 times)
btcash
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August 18, 2012, 09:08:38 PM
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Of course the Bitcoin price will drop xx% on monday but I am pretty sure that it will go up longterm.
The reason is the collapse of Liberty Reserve. Liberty Reserve was the most used payment processor in the shady/grey/dark areas of the internet. Last week they started locking accounts without any reason.
So thousands of dealers/merchants/hyip admins/fraudster/exchangers need a new ecurrency to continue their business. Which ecurrency is better suitable than Bitcoin?

I don't think this will be good for the future of bitcoin but the price will go up and that is for sure.

Information about the current situation of Liberty Reserve:
http://translate.google.com/translate?sl=ru&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fmmgp.ru%2Fshowthread.php%3Ft%3D136356&act=url
http://www.talkgold.com/forum/showthread.php?t=366628


BTW: Aurumxchange stopped exchanging LR.
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August 18, 2012, 09:09:51 PM
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with just about everyone betting on a price drop on monday i'm half expecting the opposite

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August 24, 2012, 02:36:39 PM
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LR responds-

 http://blog.libertyreserve.com/2012/08/maintenance-update_22.html
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August 24, 2012, 02:46:52 PM
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http://betsofbitco.in/item?id=586
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