Post
Topic
Board Economics
Re: Silk road impact on BTC price ?
by
Falconer
on 23/09/2015, 05:47:50 UTC
After the first version of Silk road went down, the price did drop quite significantly. Investors might just have the mentality that a large volume of Bitcoin was generated by silk road as the adoption rate was small then. It rebounded after that, the second silkroad didn't have much impact likely due to the already high adoption rate and there are better alternatives to silkroad.

The first bust caused btc to drop 30% I think.

I guess the media is somehow right after all on what they keep saying on the news , Bitcoin plays a big part on the Darknet marketplace these days .
Well we can say bitcoin is a main component in darknet with its anonymity. I dont know its a positive thing for society, but I guess those darknet will be growing like bitcoin as well and vice versa, so both things are related each other.