Sorry but when I See the price of BTC rise from around $10 to $50 in a short period of time, accombied by the panic buying we've been seeing for a few weeks I get nervous, there has to be a pullback... This is sheer madness, I've practically cashed out completely.
BTC could end up $100 in a few days and I would have 'lost' a lot of money but I feel safe where I'm standing right now. Made a real nice profit either way.
Now, imagine if the Silk Road went down or was offline for a few months... What do you think would happen to the price of BTC?
Silk Road was down for almost a month late last year. The effect on Bitcoin was non-existent
Also other sites would come about. This is a non-issue, and the bitcoin economy is much bigger than SR these days.