Author

Topic: 2013-10-25 PandoDaily: Bitcoin down 10% as FBI announces another SR seizure (Read 861 times)

legendary
Activity: 1316
Merit: 1003
You are right, i confused the 80kk in $ with 80k of BTC.
So with the confirmed 144k recently, Ross was only holding 30k?
legendary
Activity: 3472
Merit: 1724
Additionally the government cant just drop the 224k on the market, provided they really have access to it.

It's ~174k BTC.
legendary
Activity: 1316
Merit: 1003
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.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
lol, i didnt even notice that  Cheesy

10% is the normal fluctuation  Wink
hero member
Activity: 898
Merit: 1000
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.
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