nicktalman93 (OP)
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August 31, 2018, 06:43:15 AM |
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In a recent transaction data, a popular darknet site Silk Road which sells drugs online seems to have moved USD 1 billion worth bitcoin from its cold wallet. In its early years, Bitcoin was known as the currency of the Darknet. People used it for all sought of activities taking full advantage of its anonymity. But growing maturity of cryptocurrencies the Bitcoin started moving from the hands of criminals to speculators and investors but its usage still seems to pretty rampant in Darknet. read more: https://coingape.com/silk-road-bitcoin-wallet-activates-huge-dump-anticipated/ |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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snipie
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#SWGT CERTIK Audited
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August 31, 2018, 06:52:25 AM |
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Sometimes it is better to keep dormant Bitcoin dormant or at least to dump it in the market progressively. If those money will be sold directly then the price will crash badly  |
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odolvlobo
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August 31, 2018, 07:30:12 AM |
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That article is clickbait. It is a waste of time. It is full of confusion. It seems to be about some speculation on Reddit about movement of bitcoins that may be related to Silk Road, or perhaps Mt. Gox, or perhaps Craig Wright. The article shows a bunch of unrelated addresses and transactions along with some random posts and then talks about how they are all related, or not.
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vlad230
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August 31, 2018, 08:38:00 AM
Last edit: August 31, 2018, 10:27:23 AM by vlad230 |
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That article is clickbait. It is a waste of time. It is full of confusion. It seems to be about some speculation on Reddit about movement of bitcoins that may be related to Silk Road, or perhaps Mt. Gox, or perhaps Craig Wright. The article shows a bunch of unrelated addresses and transactions along with some random posts and then talks about how they are all related, or not.
Yes, you are right. The article has a lot of missing info. For example I don't get what's the link with the SilkRoad wallet that has 111k BTC in it? These are mere speculations on some old subject that are plain click-bait. |
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DeepestOnion
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August 31, 2018, 08:50:21 AM |
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That article is clickbait. It is a waste of time. It is full of confusion. It seems to be about some speculation on Reddit about movement of bitcoins that may be related to Silk Road, or perhaps Mt. Gox, or perhaps Craig Wright. The article shows a bunch of unrelated addresses and transactions along with some random posts and then talks about how they are all related, or not.
Yes, you are right. The article has a lot of missing info. For example I don't get what's the link with the SilkRoad wallet that has 111k BTC in it? These are mere speculations on some old subject that are plan click-bait. I agree, the article has too much missing info. Of course for speculators it could be seen as scary scary to see such big amounts of BTC been moved around, but isn't Bitcoin supposed to be a currency, ie money that people should freely move around? It is paradoxical that this is creating fear in the community instead of joy  |
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bob123
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August 31, 2018, 10:03:43 AM |
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Of course for speculators it could be seen as scary scary to see such big amounts of BTC been moved around, but isn't Bitcoin supposed to be a currency, ie money that people should freely move around? It is paradoxical that this is creating fear in the community instead of joy Unfortunately, bitcoin (or any other crypto) is not a mean for payments for most people. It is more just a tool to get rich quick. The majority regards bitcoin as a speculative investment, instead of a currency. The true price (reflecting the real value) probably will only be reached once people start to use BTC as it is supposed to be. As a currency. Whether it will be via LN, on-chain or any other additional layer doesn't matter. The most important factor which thrives the price up is adoption. And while people should be happy to see a lot of (legit) transactions happening, most of them are scared once larger amounts are moved, because they could be used to 'dump' the market. People are more focused on short term trades than long term ones, unfortunately. |
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vlad230
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August 31, 2018, 10:30:53 AM
Last edit: September 03, 2018, 12:26:04 PM by vlad230 |
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Unfortunately, bitcoin (or any other crypto) is not a mean for payments for most people.
It is more just a tool to get rich quick. The majority regards bitcoin as a speculative investment, instead of a currency.
...
That's right! Bitcoin or any other altcoin hasn't reached maturity yet. You can't use it for payments only is some isolated cases. I remember there was a Bitcoin conference last year or earlier this year and you could not pay for the tickets in bitcoin, just FIAT. Now that's something worth thinking about. |
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retampan
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August 31, 2018, 10:37:47 AM |
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So that's why the reason on bitcoin dump this day. I hope silk road bitcoin wallet could deactivated again and we can expect more pumps to coming in
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davis196
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August 31, 2018, 11:50:34 AM |
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The owner of those 111K bitcoin isn't that stupid to sell all the bitcoins at once and create a price crash.This would mean less USD for his presious bitcoins.He will most likely sell small parts of his btc fortune and wait.
By the way,if those bitcoins really bleong to the Silk Road criminals,the police should have been confiscated them by now.I'm not sure that they belong to the Silk Road owners.
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Barrycuda7
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September 02, 2018, 07:40:43 PM |
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If Silk Road bitcoin wallet eliminates then bitcoin will rise again because most of the dumps are occurring because of this reason.
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KingKongBong4152
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September 02, 2018, 08:28:02 PM |
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Yes I agree that this post has some missing articles. But hope its activation news is not true. But if it is true than we have to do something to stop it. Otherwise there is a huge change of dump in the future.
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mojo2208
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September 02, 2018, 08:43:14 PM |
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yes, it really is. Finally, we waited for the very growth. I think bitcoin will not stop at this  |
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goldencrypto7100
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September 02, 2018, 09:13:12 PM |
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This is really bad news for the market and it can have a negative impact on the impression of the bitcoin in the market. This can be a reason for the recent dumping in the bitcoin. We are hopeful that this will be stopped vry soon for the betterment of the bitcoin.
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gentlemand
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Welt Am Draht
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September 02, 2018, 09:25:50 PM |
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This is really bad news for the market and it can have a negative impact on the impression of the bitcoin in the market. This can be a reason for the recent dumping in the bitcoin. We are hopeful that this will be stopped vry soon for the betterment of the bitcoin.
Nope. Anyone can do what the fuck they want. No one has a duty to anyone else. Anyway, that 'article' is utter dogshit that was no doubt ripped from this - https://www.reddit.com/r/Bitcoin/comments/9bfnff/near_1b_are_currently_on_the_move_from_a_silkroad/ which is rather more coherent. |
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blackmagic111
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September 02, 2018, 09:59:39 PM |
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Maybe this explains the reason why so many BTC were dumped recently. It was better when it was deactivated and let's hope it gets deactivated again.
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electrobit8024
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September 02, 2018, 10:45:58 PM |
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I think this is the main cause of the sudden decrease in the price of the bitcoin in the market. This needs to be deactivated again as it has given a negative effect on the market after the activation. I am hopeful that this will be stopped again very soon.
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Proctopus90
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September 03, 2018, 11:37:25 AM |
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The article that you shared talks about an unknown address with 111k Bitcoin at their disposal but how come they are being so sure that it is SilkRoad who owns the account. I don't think the article or the site is really credible rather they are just providing distorted information.
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RoadRascal
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September 03, 2018, 12:24:29 PM |
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Not sure how can moving Bitcoin become bad for the community even if it is done by SilkRoad, what is ensuring that they are going to dump those coin? The article is full of baseless and sourceless information. Sorry to say but this sort of articles will only spread FUDs rather than helping the community.
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Brutea
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September 03, 2018, 12:49:56 PM |
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Dumping 111k BTC would never be feasible for any investor no matter how big or small they are. Rather, it would just prove to be a massive loss for them on the long. If SilkRoad was behind that account, they wouldn't have made such mistakes as they are known for their clever operation techniques.
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