Silk Road forums

Discussion => Silk Road discussion => Topic started by: CHROOT on October 02, 2013, 05:06 pm

Title: Bitcoin price collapsing as news of SR bust spreads
Post by: CHROOT on October 02, 2013, 05:06 pm
Wow what a drop! Still falling too. Fuck this is bad.
Title: Re: Bitcoin price collapsing as news of SR bust spreads
Post by: Pillows on October 02, 2013, 05:13 pm
Where are you seeing that? mt.gox still has the price the same

holy fucking shit. over the last year and a half the silk road has been a permanent feature in my life. this feels like I'm losing a girlfriend or something  :'( 
Title: Re: Bitcoin price collapsing as news of SR bust spreads
Post by: Ben on October 02, 2013, 05:15 pm
Bitstamp: -13% today / mtgox 4% in the last hour
Title: Re: Bitcoin price collapsing as news of SR bust spreads
Post by: CHROOT on October 02, 2013, 06:05 pm
Some exchanges are showing a 50% drop since yesterday. I see bitcoin is breaking 80 on a few exchanges right now. No signs of stabilizing yet either : (
Title: Re: Bitcoin price collapsing as news of SR bust spreads
Post by: Ben on October 02, 2013, 11:46 pm
Well, good news if you still have BTC or if we get the ones back from SR: The market seems to have hit bottom during panic selling.

On Bitstamp the lowest trade was $85, but currently its back to $104 or so. That is still a loss of 18% over 24 hours, but not the complete drama it could have been.

Looking at volumes on mtgox it seems the panic has ended for now too - big drop at record volume around 17:00, but it bounced back a bit after that. I suppose there still is market for BTC without SR :)