Quote from: Timbert33 on March 13, 2013, 03:57:40 AM

Quote from: zoinky on March 08, 2013, 03:00:33 AM

Quote from: Entropy-uc on March 08, 2013, 12:37:32 AM

Quote from: chandler22 on March 06, 2013, 11:57:19 PM

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.

These last two posts are just flat out wrong...

1) When exactly was it down for a month? Hint: It wasn't.

2) At THIS point there is nothing that people purchase with btc that comes close to the millions of dollars per month spent on SR for actual goods. Unless you include the SPECULATION as something driving the btc economy, SR is pretty much the whole thing. But by all means, if you can find another business that has even 1/20th the amount of money spent on it in btc ON ACTUAL GOODS AND SERVICES, please point it out.

Throughout November and December it was impossible to log into SR for 90% of the time. Check the SR forum history for yourself and you'll find dozens of apologies for DPR for the issues.

I was monitoring it closely out of concern for the potential impact on BTC price.

Now show your data that proves otherwise champ.