Topic: downtime soon ? - page 4. (Read 2975 times)
You can burn a 1000 coin lot from anywhere and never see the price change. You guys have no idea how the system works and what the deal is. You are like that guy in a movie that wanders around in constant ignorance and compounds it with not knowing that he is ignorant.
In this case a 1000btc would dump bitcoin, I think it will not hit a big impact. I think there are more investors, bitcoin holders that really holding more than that. As we all know bitcoin has big impact to many people now because of its volatility. And, all of us here aiming to gained more value that will earn big profit of bitcoin. However, bitcoin will still growing and increasing its price.
I believe that would not cause a downtime in price, it will just cause a big dump that is very normal in cryptocurrencies when their values are high. But if the winner would just hold those bitcoin, then nothing will ever happen because they will just send all those bitcoins to the winner, nothing more. Maybe those coins are what cause the correction today because by now I think they have already been auctioned.
yeah right those who able to buy those coins will be the winner in the long run as we knew that 1000 btc is just a small percentage with the current numbers of circulating right now and even that numbers already been sold it will still survive and there's no big impact the more they sold it in this dump price the more holders will buy it and take the chance. there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
Unlikely that this will happen.
This is the address in question:https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX.
The auctioning off of coins happened long ago, it's not even news right now. I thought maybe i missed something because I wasn't that active recently, so not able to keep up with the recent news but revealed no major auctioning happening in the near future.
Plus, a few thousand coins wouldn't hurt at all. Trading volume is hundreds of millions of dollars per 24h.
No. If there is a dump now it's because of a pre SegWit uncertainty. Many people are also dumping to add to the wave and cause more panic, so that they can buy more and be ready for a pump in a month or two.
Auctions used to be a big thing, but history has shown that people who buy at auctions don't dump. There was never a huge sell off after the auction, always before it and i'm sure there won't be one now. These people are not trying to buy at auction to earn a few $ per coin, they are hoping for a pump and millions in profit. You always sell when it's rising, when the liquidity is high and the buyers can take it without noticing.
Auctions used to be a big thing, but history has shown that people who buy at auctions don't dump. There was never a huge sell off after the auction, always before it and i'm sure there won't be one now. These people are not trying to buy at auction to earn a few $ per coin, they are hoping for a pump and millions in profit. You always sell when it's rising, when the liquidity is high and the buyers can take it without noticing.
Agreed, market uncertainty before a fork is always the major issue that contributes to a price nosedive.
I just knew about silkroad seized coins BTC17.36993672 but still wondering how could Op stated it approximately more than BTC1000 and it was long time ago when auctioned happen? So, we would appreciate if Op mentioned some links about seized bitcoin will auctioned soon? This is what I've got https://www.google.com/amp/s/amp.businessinsider.com/bitcoin-price-government-auction-winners-2017-5 and those auction happened few years ago. And people who got those coins won't sell all of it at once obviously, so we can't expect huge dump in the nearly future.
there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
A 1000btc dump into the market is a lot as at now to cause some shake in the market but not enough to take a massive hit. We will have some downward trend in price but it will bounce back. Even with that, I still feel we will still do well above $2000 mark.
I believe that would not cause a downtime in price, it will just cause a big dump that is very normal in cryptocurrencies when their values are high. But if the winner would just hold those bitcoin, then nothing will ever happen because they will just send all those bitcoins to the winner, nothing more. Maybe those coins are what cause the correction today because by now I think they have already been auctioned.
there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
Why is this thread posted on both Economics and Speculation Board? Link to Speculation Board: https://bitcointalksearch.org/topic/frezed-coins-1989471
I'll answer this thread again.
The auction will not affect the price of Bitcoin since the Bitcoins won will not be available in the market, instead it will just be transferred to the personal wallet of the winner. Just a mere peer-to-peer transaction and p2p transactions never affected the price at all. However, if a large portion of the Bitcoin won was sold then a big dump will definitely occur.
1000bitcoin is not enough to cause a downtime in bitcoin price. The amount is too low to create any significant effect on bitcoin price. Many trade and miners I know are holding over that amount in their wallet and some have even converts it to dollars before without any effect on the market. Op thank you for making us know about this option.
Just for one exchange the amount of coins sold at the same time(a dump)can be over 5,000 BTC within minutes to 30 minutes. On a daily basis 300 BTC is traded across all exchanges combined probably every few minutes. At just one exchange selling 300 at a time might cause a few dollar price drop for an hour.
With the current market cap, I am not sure that would really make any difference or have any tangible effect on bitcoin's price. Nevertheless, is this going to be a public auction or what? I still don't understand how the auction is going to be done. I am not seeing any serious article on this as well online to get details. Can OP please share with us how he came across this?
In my thinking that won't make a big impact, because the entire mined coins were considered while the demand to supply ratio is calculated. So it is hold anywhere doesn't matter and when it comes to circulation the price might rather grow than decreasing.
Yah you're answer is correct. We don't need to worry about to that situation, there is no effect to the value of the bitcoin. I know the value will still have a good progress in the near future. 
1000 bitcoin is a joke won't do anything to the current market, if you want to destroy the bitcoin value you need something like 500k or 1m
and because there is, i think no exchange holding this huge amount it's not possible for anyone to hack and stole or to have this amount in any way
and because there is, i think no exchange holding this huge amount it's not possible for anyone to hack and stole or to have this amount in any way
Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.
The market is already cracking and I do not know what to expect tomorrow. Look only at what prices today have tokens. The thing is that yesterday we saw a huge fall, and today we are gradually beginning to get out of the negative. If this goes on, then it will be a good trend.
Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.
The market is already cracking and I do not know what to expect tomorrow. Look only at what prices today have tokens. The thing is that yesterday we saw a huge fall, and today we are gradually beginning to get out of the negative. If this goes on, then it will be a good trend.This time the price gets recover and those FUDders are taking huge money.
Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.
The market is already cracking and I do not know what to expect tomorrow. Look only at what prices today have tokens. The thing is that yesterday we saw a huge fall, and today we are gradually beginning to get out of the negative. If this goes on, then it will be a good trend.
Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.
The market is already cracking and I do not know what to expect tomorrow. Look only at what prices today have tokens. The thing is that yesterday we saw a huge fall, and today we are gradually beginning to get out of the negative. If this goes on, then it will be a good trend. 
If those coins to be auctioned, the people who'll buy them will be holding their coins for a bigger profit.
Buying from the gov and dumping them away instantly wouldn't make any sense, isn't it? I mean If they were to dump what they bought, why buy in the first place?
There is nothing to worry.
Buying from the gov and dumping them away instantly wouldn't make any sense, isn't it? I mean If they were to dump what they bought, why buy in the first place?
There is nothing to worry.
there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
I have not read any news regarding this. Do you know if the auction(s) is/are going to be public or private? Even if the auction is public (in case the 1000BTC are in auction all at once) I dont think we are going to see something huge with tha bitcoin value. Maybe a small decrase for some hours but nothing important
1,000 BTC being dumped? There's an hourly demand for 100 BTC on loans on Poloniex alone. If they're auctioned, it'll also be private and not on exchanges, so there won't be any effect on the market. Even if it were sold on an exchange, any spike or dip would be limited to a few seconds, minutes at best.
there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
Firstly, why do you think they are going to dump those coins?
Secondly, even if they will, with $41+ billion USD Market Cap, selling $2.5 billion USD worth of Bitcoin won't have a big impact on the price. It will certainly have some, but it will last not more than several days.
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