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Topic: what effect has the recent cypress news had on the price of bitcoin? (Read 1055 times)

legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

You won't find much if you search for the name of a tree.

You might find a hill ...
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

You won't find much if you search for the name of a tree.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

I guess both.  The last part is certainly true.  Confiscation is a symptom of economic and financial crisis.  The counterparty risk and fiat dilution that are accompanied by such a crisis is the reason why people look for alternatives such as bitcoin. 
legendary
Activity: 1512
Merit: 1000
@theshmadz
I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?
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