Topic: What you must know about the Silk Road & The Current Bearish Market (Read 441 times)
September 22, 2018, 05:07:37 AM
Recently, a wallet was activated after 4 years with millions worth of Bitcoin in it and it was thought that, it belonged to Silk Road. That's it. No proper evidence at all. So, I am not buying it yet. I think there's more to the recent dump and Silk Road wouldn't have been able to manipulate the market on such a large scale.
September 15, 2018, 03:41:41 PM
The Silk Road was a darknet market best known as a platform for selling illegal goods. It operated as a Tor hidden service to exclude traffic monitoring, which was convenient for criminals to deliver their services through the network. Silk Road was launched in February 2011 and already had 10,000 products for sale 70% of which were drugs by March 2013.
Although there were a lot of illegal products on the site, there were also restrictions: child pornography, stolen credit cards, assassinations, and weapons of any type were banned for sale and exchange. The site provided some legal goods as well, such as apparel, art, books, cigarettes, erotica, jewelry, and writing services.
The Silk Road was shut down in October 2013 by the FBI, whose agents also arrested Ross William Ulbricht, the founder of the system. There were two attempts to recreate the Silk Road, but both of them have been unsuccessful. The latest news on the Silk Road promises no further attempts.
Source: Cointelegraph
There have also been some reports that the current sharp price drop in Bitcoin and the entire crypto market is as a result of the 100,000 BTC that was allegedly dumped from a wallet associated with the Silk Road.
That you op for giving us this great understand and I believe we just need to keep our mind and heart encouraging by believing that the current market conditions will be a thing of the past. Bitcoin is going to grow again and no matter the dumps by this group bitcoin will still recover. Although there were a lot of illegal products on the site, there were also restrictions: child pornography, stolen credit cards, assassinations, and weapons of any type were banned for sale and exchange. The site provided some legal goods as well, such as apparel, art, books, cigarettes, erotica, jewelry, and writing services.
The Silk Road was shut down in October 2013 by the FBI, whose agents also arrested Ross William Ulbricht, the founder of the system. There were two attempts to recreate the Silk Road, but both of them have been unsuccessful. The latest news on the Silk Road promises no further attempts.
Source: Cointelegraph
There have also been some reports that the current sharp price drop in Bitcoin and the entire crypto market is as a result of the 100,000 BTC that was allegedly dumped from a wallet associated with the Silk Road.
September 15, 2018, 07:41:05 AM
The Silk Road was a darknet market best known as a platform for selling illegal goods. It operated as a Tor hidden service to exclude traffic monitoring, which was convenient for criminals to deliver their services through the network. Silk Road was launched in February 2011 and already had 10,000 products for sale 70% of which were drugs by March 2013.
Although there were a lot of illegal products on the site, there were also restrictions: child pornography, stolen credit cards, assassinations, and weapons of any type were banned for sale and exchange. The site provided some legal goods as well, such as apparel, art, books, cigarettes, erotica, jewelry, and writing services.
The Silk Road was shut down in October 2013 by the FBI, whose agents also arrested Ross William Ulbricht, the founder of the system. There were two attempts to recreate the Silk Road, but both of them have been unsuccessful. The latest news on the Silk Road promises no further attempts.
Source: Cointelegraph
There have also been some reports that the current sharp price drop in Bitcoin and the entire crypto market is as a result of the 100,000 BTC that was allegedly dumped from a wallet associated with the Silk Road.
That you op for giving us this great understand and I believe we just need to keep our mind and heart encouraging by believing that the current market conditions will be a thing of the past. Bitcoin is going to grow again and no matter the dumps by this group bitcoin will still recover. Although there were a lot of illegal products on the site, there were also restrictions: child pornography, stolen credit cards, assassinations, and weapons of any type were banned for sale and exchange. The site provided some legal goods as well, such as apparel, art, books, cigarettes, erotica, jewelry, and writing services.
The Silk Road was shut down in October 2013 by the FBI, whose agents also arrested Ross William Ulbricht, the founder of the system. There were two attempts to recreate the Silk Road, but both of them have been unsuccessful. The latest news on the Silk Road promises no further attempts.
Source: Cointelegraph
There have also been some reports that the current sharp price drop in Bitcoin and the entire crypto market is as a result of the 100,000 BTC that was allegedly dumped from a wallet associated with the Silk Road.
September 15, 2018, 07:25:46 AM
Just because Silk road and similar black markets where illegal and criminal stuff were sold Bitcoin has come to the bad reputation at the first place.
That shows how easy to trigger people are to label everything as illegal or against the law just because their government said so.
I honestly don't mind black markets to exist. It's always a minority of the vendors giving the market as a whole a bad name. Good thing is that the level of moderation on these markets has increased, so the likeliness of being exposed to the extreme side of it has been reduced significantly. It's impossible to prevent completely which people have to bear in mind. Let's blame the people doing these bad things instead of the tools they use.
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It's quite interesting to see how creative people are with finding all sorts of potential reasons as to why the price goes up or down, and yet they completely miss the point of why the market is actually heading down. The only consistent aspect of the market this year has been the contiuous lower high formation, which is perfectly normal during a bear market, but super difficult to grasp with how people don't acknowledge the market as it comes.
Every bump up makes people believe we are due for a recovery, but they have been proven wrong time on time again.
September 15, 2018, 04:53:55 AM
Probably, the price drop of the yesterday was because of the news of the Goldmansachs news and the panic about that. The price drop occurred less than a say ago and these coins were about moved almost 2 weeks ago. And all this started from a guesswork of someone on Reddit. Hope, the price will bounce up again.
September 14, 2018, 02:17:03 PM
although it does not sell that is related to pornographic or weapons content, it still harms the country. because of the illegal black market, illegal transactions run alone without state procedures and are vulnerable to not paying taxes. that is what is very detrimental to the country.
Just because Silk road and similar black markets where illegal and criminal stuff were sold Bitcoin has come to the bad reputation at the first place.
I know there will always be demand for such services but that doesn't justify their existance as well as people who run such market.
Stil I don't think that activities on illegal markets influence price significantly in some way.
September 14, 2018, 01:40:11 PM
Even I have heard that Silk road was behind the recent manipulation of market where we saw 100 million worth of Bitcoin getting dumped but I would like to see some evidence that proves that Silk Road was the culprit here. So far, I have only seen claims of people, blaming them but no concrete proof to say the least.
It is all just pure speculations as no one certainly know if the silk road was actually responsible or not and certainly there can be no proof of that. Over time, people have always wanted to find a reason for every market movement, but really, I do not see this market as respecter of news, as whatever is bound to happen based on the whales will happen anyway. As far as I am concerned, in a bear market, market can move down pretty fast, and whatever could have been the cause, there is still a lot of bear FUD in the market.Probably the news of the Goldmansachs is one of the reason of price drop. These coins were moved almost 2 weeks ago and the price drop occurred less than a day ago. This started from guesswork of someone on Reddit. The price will go up again.
It may have been and it may not have been. One thing I am so certain of is that there is absolutely no way anyone can really tell how things would always turn out when it comes to a market and all that can just be done is to speculate this could be the cause of an up rise or a downtrend but whether this happened as a result of Goldman sach or not, it happened. Trying to find explanation of why a global market behaves in the way it has done is absurd to me. September 12, 2018, 02:07:30 AM
Probably the news of the Goldmansachs is one of the reason of price drop. These coins were moved almost 2 weeks ago and the price drop occurred less than a day ago. This started from guesswork of someone on Reddit. The price will go up again.
September 11, 2018, 07:47:17 AM
I think the Goldmansachs news is one of the main reason of the price drop. The price was dropped less than 24 hours and the coins were moved almost 2 weeks ago. Someone on Reddit started this guesswork. Hoping, the price will bounce up again very soon.
September 11, 2018, 05:13:37 AM
As I know Silk Road was an online black market and the first modern darkest market, which was known for selling illegal drugs. Later it has been closed for their illegal activities.
September 11, 2018, 04:25:55 AM
Even I have heard that Silk road was behind the recent manipulation of market where we saw 100 million worth of Bitcoin getting dumped but I would like to see some evidence that proves that Silk Road was the culprit here. So far, I have only seen claims of people, blaming them but no concrete proof to say the least.
September 10, 2018, 07:24:39 AM
This is what's included in the package of being involved in crypto currency. The ghost of the past will continue to haunt us even up to this day, due to the wrong doings of previous users of crypto currencies. Better days will come, as the future is already here.
September 10, 2018, 06:46:51 AM
This is just contemporary and result of down market condition. This will not last for longer time. Analyzer predicting that, before the end of the year bearish condition turned into Bullish run. I also want , it may happen.
September 10, 2018, 06:23:07 AM
I didn't hear about silk rooad before and it's very dangerous for world and it's should be effect bad all over the world with crypto and specially bitcoin. Hope crypto will be use for legal term not for illegal term.
September 10, 2018, 05:54:42 AM
If silk road exists then bitcoin and other crypto will be use on there because it's tottaly decentralized and that's why cruminal can transect currency easily and nobody can't able to detect them.
September 10, 2018, 05:42:02 AM
although it does not sell that is related to pornographic or weapons content, it still harms the country. because of the illegal black market, illegal transactions run alone without state procedures and are vulnerable to not paying taxes. that is what is very detrimental to the country.
September 10, 2018, 05:31:48 AM
I didn't get how the drop of market connected with the attemps o open silk road again. But if it's recreate then crypto will be usee their for illegal term.
September 10, 2018, 05:14:54 AM
i think google is here for helping you and in this discussion many people helping you for understanding this thing. lots of thing already you know about this site.
September 09, 2018, 02:52:43 PM
The price fluctuations are due to the many complex market forces currently inplay, rather than one specific factor. The swings in price will continue until bitcoin stops being a novelty and is much more generally accepted for everyday transactions.
September 09, 2018, 02:33:28 PM
i think google is here for helping you and in this discussion lots of people helping you for understanding this thing.you know lots of thing already about this site
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