Bitcoin down

Well in exact polar opposite of my prediction bitcoin has plummeted down almost 10% so far, at time of writing looks like could be still heading down or maybe might be getting some support on bottom one of my green trendlines.

Obviously this has surprised me, so I turned to forums and found rumours the FBI silk road seized coins are on the move! Heres a thread about it https://bitcointalk.org/index.php?topic=650089.0

So … er .. That sucks. .. huh huh ..

Heres the chart showing bitcoin plummeting on news that FBI coins are moving.

Great now we don’t need China banning and unbanning then banning again bitcoin. Instead the FBI can move their stash around whenever they want price to drop.

Sheesh

Update: Since writing this news is breaking that the FBI is actually auctioning the seized bitcoins. Heres more information from coindesk if you haven’t already seen it. http://www.coindesk.com/18-million-worth-of-silk-road-bitcoin-to-be-sold-by-us-government/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s