For those of us waiting and watching

I assume a lot of us are hanging onto our bitcoins right now waiting for everything to settle down. Do you think as a result of everything that happened over the last couple of days, the BTC value will start to rise again, like it did after SR1 got shut down?


Comments


[2 Points] bacondev:

Well, it didn't really crash that hard…


[1 Points] slicksr:

Personally I don't believe the latest shutdowns will touch Bitcoin values much either way.

Bitcoin began life as a little known, little used concept currency, it was virtually worthless and few really believed it was a viable solution. Bitcoin's anonymity lead to it being used on the original SR, and a real purpose for the currency was born. Still only a niche portion of the population used it but at this point, Bitcoin gained something of a solid grounding, and Silkroad grew.

Silkroad was shut down and made International news, Bitcoin also made International news and that's when people got interested. The value skyrocketed as everyone wanted a piece of this new concept. The value jumped and fell as it adapted to its new lifestyle and coped with criticism, rumour and "exploit".

As time went on, the value became less volatile, adoption slowed to a strong and steady pace rather than erratic unpredictable one.

Today I feel it's still subject to drastic changes, but it has stood up to criticism, attempted hacks and more so stability increased.

The first SR hijack brought Bitcoin into the International limelight, that's why the value spiked so suddenly. The new takedowns have made less of a mention of BTC, isn't really reaching anyone new, and that's why I don't see any massive change in the value of Bitcoin.


[0 Points] None:

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