Topic: Can we all write to FBI asking not to sell bitcoins but hodl them? - page 4. (Read 3101 times)
June 13, 2014, 12:00:21 PM
HODLLLLLLLL!!
June 13, 2014, 11:51:40 AM
yeah they too can hodl them and benefit if bitcoin goes to moon!..
no point in selling now...they too can add wealth to FBI..
maybe buy some FBI gadgets using bitcoins.
no point in selling now...they too can add wealth to FBI..
maybe buy some FBI gadgets using bitcoins.
The FBI is not a private business looking to hold assets. They seize assets on a regular basis through criminal cases (houses, money, cars, etc) and do not hold them speculating on long term gains. That's how it works there, this particular seized asset (bitcoins) isn't going to change that.
Anyway, I'd rather they sell to private parties and let THEM benefit from future increase in value.
As far as 'to the moon'. Now THAT'S a good idea! I think the moon would be the perfect place for the FBI to relocate
June 13, 2014, 06:19:31 AM
If it is a private auction then the chances are very low that the coins will start flooding the exchanges. 29,000 coins at today's rate is equivalent to some $17.5 million USD. Most probably, some of the big names will be able to buy them, and then hold the coins for long-term investment. And I don't discount the possibilities of the auction price going higher than the market exchange rates.
Someone who spent $17m on BTC will be a fool to dump them straight away I hope. Even in blocks of 3,000 its still alot to stump up for and dump especially as it seems this news is causing a shortening of BTC.
June 13, 2014, 06:12:01 AM
If it is a private auction then the chances are very low that the coins will start flooding the exchanges. 29,000 coins at today's rate is equivalent to some $17.5 million USD. Most probably, some of the big names will be able to buy them, and then hold the coins for long-term investment. And I don't discount the possibilities of the auction price going higher than the market exchange rates.
June 13, 2014, 04:34:01 AM
I'm in no way confortable with the US gov officially holding so many bitcoins. We all know they have more than that off the record, but this is ammunition to fear mongers scare noobs by making they think the FBI one day will just dump everything on Bitstamp. I would write a petition asking to FBI sell the coins as soon as possible, without causing another chinese bans effect on BTC price.
But I agree the terms of the auction are suspicious, to be generous.
But I agree the terms of the auction are suspicious, to be generous.
http://www.usmarshals.gov/assets/2014/bitcoins/
Quote
Required Registration Items:
FAILURE TO INITIATE A WIRE TRANSFER AND PROVIDE THE USMS WITH A COPY OF THE WIRE TRANSMITTAL RECEIPT BY TUESDAY, JULY 01, 2014, AT 5:00 PM EDT WILL RESULT IN FORFEITURE OF THE BIDDER’S DEPOSIT.
- A manually signed pdf copy of the Bidder Registration Form
- A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
- $200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)
FAILURE TO INITIATE A WIRE TRANSFER AND PROVIDE THE USMS WITH A COPY OF THE WIRE TRANSMITTAL RECEIPT BY TUESDAY, JULY 01, 2014, AT 5:00 PM EDT WILL RESULT IN FORFEITURE OF THE BIDDER’S DEPOSIT.
June 13, 2014, 04:04:34 AM
yeah they too can hodl them and benefit if bitcoin goes to moon!..
no point in selling now...they too can add wealth to FBI..
maybe buy some FBI gadgets using bitcoins.
no point in selling now...they too can add wealth to FBI..
maybe buy some FBI gadgets using bitcoins.
I don think so the gorverment need money so they will surely sell the coin .
Just hope they don sell it too cheap .
June 13, 2014, 03:12:11 AM
http://www.usmarshals.gov/assets/2014/bitcoins/
Quote
Required Registration Items:
FAILURE TO INITIATE A WIRE TRANSFER AND PROVIDE THE USMS WITH A COPY OF THE WIRE TRANSMITTAL RECEIPT BY TUESDAY, JULY 01, 2014, AT 5:00 PM EDT WILL RESULT IN FORFEITURE OF THE BIDDER’S DEPOSIT.
- A manually signed pdf copy of the Bidder Registration Form
- A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
- $200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)
FAILURE TO INITIATE A WIRE TRANSFER AND PROVIDE THE USMS WITH A COPY OF THE WIRE TRANSMITTAL RECEIPT BY TUESDAY, JULY 01, 2014, AT 5:00 PM EDT WILL RESULT IN FORFEITURE OF THE BIDDER’S DEPOSIT.
June 13, 2014, 02:29:13 AM
http://online.wsj.com/articles/fbi-readies-144-341-bitcoins-for-sale-1402606244
Got a feeling the price may be push abit lower before the 27th. Its going to be off exchange so shouldnt massively effect at the time. Hopefully the person buying them wont flood the market but who knows who will buy from the FBI likely some high up company who wants in on a quick buck.
Got a feeling the price may be push abit lower before the 27th. Its going to be off exchange so shouldnt massively effect at the time. Hopefully the person buying them wont flood the market but who knows who will buy from the FBI likely some high up company who wants in on a quick buck.
June 13, 2014, 02:24:47 AM
i actually prefer this be done with ASAP. i don't want it to linger around like the "will china ban bitcoin" circus. once it's done, it's done... no takesies backsies. no one will need to speculate whether it happens, and/or when it happens.
There may indeed be a sinister motive behind their pre-announcing the sale of these coins. I'm almost inclined to believe it was for exactly this reason.Should be interesting to see what happens to the price of bitcoin between now and the 27th that's for sure. Already dumping 30% of what I have JIC it ends up taking a couple more serious dips.
June 13, 2014, 01:54:30 AM
1) It is the DOJ not the FBI who temporary holds seized property
2) They sell all of it as quickly as is manageable. Million dollar mansions, metric tons of gold, priceless works of art, yachts, speedboats, vehicles, stocks, and yes now bitcoins.
3) They are obligated by law to dispose of seized property. They aren't speculators, they sell it off and add the proceeds to the US treasury.
2) They sell all of it as quickly as is manageable. Million dollar mansions, metric tons of gold, priceless works of art, yachts, speedboats, vehicles, stocks, and yes now bitcoins.
3) They are obligated by law to dispose of seized property. They aren't speculators, they sell it off and add the proceeds to the US treasury.
This happens in most of the countries like where i live the money will be used to pay national debts or fund government projects
June 13, 2014, 01:00:12 AM
I would rather the feds not hold any coins. They could be used for market manipulation and the current way they do things with regular money doesn't exactly give you confidence that they wouldn't exercise that power.
June 13, 2014, 01:00:00 AM
Govt should put bitcoin bounties on the heads of heinous violent criminals with no other color (victimless crimes).
June 13, 2014, 12:52:20 AM
1) It is the DOJ not the FBI who temporary holds seized property
2) They sell all of it as quickly as is manageable. Million dollar mansions, metric tons of gold, priceless works of art, yachts, speedboats, vehicles, stocks, and yes now bitcoins.
3) They are obligated by law to dispose of seized property. They aren't speculators, they sell it off and add the proceeds to the US treasury.
2) They sell all of it as quickly as is manageable. Million dollar mansions, metric tons of gold, priceless works of art, yachts, speedboats, vehicles, stocks, and yes now bitcoins.
3) They are obligated by law to dispose of seized property. They aren't speculators, they sell it off and add the proceeds to the US treasury.
While the Gov't needs a viable source of real income, the points above are correct and writing the Feds about holding will not do any good.
They are not selling near the top, but already made a big profit compared to the day of the SR bust.
how many BTC does the FBI actually hold? So much to being private.
You just reminded me, they are only selling far less than half of what they hold. The DPR stash is not being sold now, possibly related to the on-going trial.
June 13, 2014, 12:43:53 AM
1) It is the DOJ not the FBI who temporary holds seized property
2) They sell all of it as quickly as is manageable. Million dollar mansions, metric tons of gold, priceless works of art, yachts, speedboats, vehicles, stocks, and yes now bitcoins.
3) They are obligated by law to dispose of seized property. They aren't speculators, they sell it off and add the proceeds to the US treasury.
2) They sell all of it as quickly as is manageable. Million dollar mansions, metric tons of gold, priceless works of art, yachts, speedboats, vehicles, stocks, and yes now bitcoins.
3) They are obligated by law to dispose of seized property. They aren't speculators, they sell it off and add the proceeds to the US treasury.
June 13, 2014, 12:38:51 AM
how many BTC does the FBI actually hold? So much to being private.
June 13, 2014, 12:23:07 AM
People without $ always what to tell the ones who have it what to do. Stick your email up your ass n go about your day 
(respectfully)
I'll feel better when the FED's don't have these monster wallets that they could pwn a market such as BTC-E or Bitstamp with! Ty for the auctions. Let them do their thing and take their exit.
(respectfully)I'll feel better when the FED's don't have these monster wallets that they could pwn a market such as BTC-E or Bitstamp with! Ty for the auctions. Let them do their thing and take their exit.
The sad thing is that they either dont know or dont care.
June 13, 2014, 12:13:32 AM
People without $ always what to tell the ones who have it what to do. Stick your email up your ass n go about your day (respectfully)
I'll feel better when the FED's don't have these monster wallets that they could pwn a market such as BTC-E or Bitstamp with! Ty for the auctions. Let them do their thing and take their exit.
(respectfully)I'll feel better when the FED's don't have these monster wallets that they could pwn a market such as BTC-E or Bitstamp with! Ty for the auctions. Let them do their thing and take their exit.
June 12, 2014, 11:52:32 PM
yeah they too can hodl them and benefit if bitcoin goes to moon!..
no point in selling now...they too can add wealth to FBI..
maybe buy some FBI gadgets using bitcoins.
no point in selling now...they too can add wealth to FBI..
maybe buy some FBI gadgets using bitcoins.
Yes they should hold them. 30,000 coins X 1,000,000 per coin in 2017 could pay down the debt by a few percent!
June 12, 2014, 11:45:03 PM
Why would someone E-Mail the FBI, anyway?
By the way, the FBI won't listen to us. They back the Gov, or only listen to the Gov. I doubt a petition would do much, but hey. We're Bitcoiners.
By the way, the FBI won't listen to us. They back the Gov, or only listen to the Gov. I doubt a petition would do much, but hey. We're Bitcoiners.
June 12, 2014, 11:39:22 PM
Let's get this done with already. It will be interesting to see how it all plays out, the effects will be temporary, then we can move on to the next thing {whatever that may be)
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