Author

Topic: People panic selling will be losing money. (Read 1270 times)

sr. member
Activity: 448
Merit: 250
October 02, 2013, 07:57:45 PM
#15
Who is selling coins? Not long term investors for sure, not drug dealers either...

Speculators obviously. Also, I suppose, potential drug-buyers.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
October 02, 2013, 07:40:29 PM
#14
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...
sr. member
Activity: 252
Merit: 250
October 02, 2013, 07:14:27 PM
#13
Yawn
sr. member
Activity: 364
Merit: 250
October 02, 2013, 07:06:08 PM
#12
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.
legendary
Activity: 1036
Merit: 1000
Thug for life!
October 02, 2013, 07:00:43 PM
#11
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.
legendary
Activity: 980
Merit: 1000
October 02, 2013, 06:54:28 PM
#10
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/
full member
Activity: 229
Merit: 100
October 02, 2013, 05:20:22 PM
#9
price is to 127 already , in the long is better for bitcoin that criminals got busted.
full member
Activity: 158
Merit: 100
DumBlinDeaf
October 02, 2013, 04:32:11 PM
#8
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!!!!!!
newbie
Activity: 52
Merit: 0
October 02, 2013, 04:29:31 PM
#7
people should be held accountable
legendary
Activity: 1050
Merit: 1000
You are WRONG!
October 02, 2013, 04:21:36 PM
#6
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.
legendary
Activity: 3066
Merit: 1145
The revolution will be monetized!
October 02, 2013, 04:18:01 PM
#5
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. 
sr. member
Activity: 364
Merit: 250
October 02, 2013, 04:13:04 PM
#4
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..
legendary
Activity: 1050
Merit: 1000
You are WRONG!
October 02, 2013, 04:07:13 PM
#3
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.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
October 02, 2013, 04:02:12 PM
#2
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.
legendary
Activity: 1050
Merit: 1000
You are WRONG!
October 02, 2013, 03:46:29 PM
#1
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.
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