How is it similar? We haven't seen the flash crash.
Silk Road bust was huge news, this is just meh. Besides, at that time it held a lot of percentage of actual BTC use.
Right on brother! It's different this time - 1st flash crash when Mt Gox was having capacitance issues leading to trading/BTC withdrawal/server upgrades (SR volume during that time was severely affected) - 2nd flash crash 4Hrs before SR seizure (/2-3 day recovery)
From what I gather, circa 400 Tor Domains + 3-5 marketplaces seized - many are still operational for now, and this is why price is going up (think about it, vendors want their lovely BTC, it's worth more to them now because of affected trade - Many would be temporarily lying low until Op Omymous "gives" all clear (of sorts) and assessed with a degree of confidence their next marketplace migration is viable.
If all the highest traffic/BTC volume Dark-markets (Evo, Aroga, Mid Earth?) are confirmed seized in next 2 weeks or tor trading deemed unsafe (most vendors/buyers do not invest in tunneling VPN) - Then would expect some kind of flash crash.
I'm seriously doubting, this will be the case - not confident FBI/EuroPol are capable as I hear some of the bigger dark markets have domain modulation and real-time server/site migration/back up in place?
Does anyone here have a reputable source to infer trading volumes? I hear since July Evo & Aroga BTC volume is much higher than SR 2.0 (MUCH > $8mil/month as the FBI estimated)
Not a Tor user, so don't know general fee structure, but lets say it was roughly 1%, that's only $80,000/month the admins/staff would have been taking - still lucrative, enough to invest in seizure-mitigation