Silk Road forums

Discussion => Security => Topic started by: Thekla1 on June 03, 2013, 07:07 pm

Title: Bitcoin price after Liberty Reserve bust
Post by: Thekla1 on June 03, 2013, 07:07 pm
So it's a week since Liberty Reserve got closed, and every single article I read then predicted that RL money looking for anonymity would flow into Bitcoin. It hasn't happened, in fact the price seems to have fallen a little.

I thought this might be the start of another surge, and possibly an opportunity. Anybody got any thoughts as to why there hasn't been a knock-on effect?
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: CannaConnection on June 03, 2013, 07:13 pm
Less people are buying bitcoins because it is becoming harder with multiple exchanges closing. Less demand= Less Price per Bitcoin
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: thereefers245 on June 03, 2013, 07:19 pm
For future references, financial journalists, namely for the stock market, have no idea what they're talking about as it is completely impossible to predict the market's behavior
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: gtrmonkey on June 03, 2013, 07:20 pm
And also Mt. gox is making people verify accounts with any cash despoit.
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: anom on June 03, 2013, 07:23 pm
So in other words, the market is wide open for bitcoin vendors?  hmmm :thinks:
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: CannaConnection on June 03, 2013, 07:37 pm
It does not matter if a market is financial or barter based even. Everything in the world works on supply and demand. Follow those laws and you should be able to understand any type of question. Most of the time you can answer for yourself. And yes, Please people get on to SR and do what sugarmama does! We need to keep recycling our dirty money. And vendors need more ways to cash out!
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: CaliforniaCannibas on June 03, 2013, 07:56 pm
Is sugarmomma back from vacation?
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: Thekla1 on June 03, 2013, 08:10 pm
I thought there were some quite good commentators wrote about this, who had previously written about BItcoin. Peeps on the forum thought it would be the start of a crackdown on BItcoin, following the same logic. Yes, it's supply and demand, but the demand would appear to be anonymity, so where else is the cash going?

Anom, like your thinking....
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: TurpenT on June 03, 2013, 09:17 pm
Bitcoin Vendors Heed our Call!

Does Bitinstant not work for you? I find its the best alternative for me. Go in to Walmart with a fake name, and pay in cash (they don't ask for ID, but if they do either say you don't have it or walk out). Dispose of the receipts properly. and there's nothing to draw back to you. I use a new name and new address every time and switch between 3 Walmarts. Never had an issue. Moneygram seems to be the best means of getting bitcoins right now.

We need some new BTC vendors. Where's BST when you need em?
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: sharonneedles on June 03, 2013, 09:19 pm
I did a good search and couldnt find sugarmomma, does someone have a link?
Title: Re: Bitcoin price after Liberty Reserve bust
Post by: CannaConnection on June 04, 2013, 11:59 am
sugarmama is her name. She is on vacation, she may be back this week or next though. She has already been gone for 2 weeks.