downtime soon ? | Bitcointalksearch.org

reflector

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Quote from: ubitcoin on July 19, 2017, 05:57:45 AM

Quote from: jpoker272727 on July 16, 2017, 04:42:21 PM

Quote from: rizkyhiw on July 02, 2017, 10:06:54 AM

Quote from: m0924 on June 30, 2017, 11:14:31 PM

As of now the price of a single bitcoin is about more than 1400$ . And for more stronger proof, bitcoin has recently beat the value of the gold price. bitcoin exchanges are becomes more busy than ever , also the need for bitcoin exchange software took up a increasing rate of growth . While in the start of the year 2017 bitcoin rally has climb up to 1000$ after longing for three years. Sure the price value is expected to grow further in cryptocurrency arena. So
for me, bitcoin is still growing and will not getting as the years go by. So it is better to save it.

things make the current situation happened about the down price is because of lack of circulations,
what i mean is people getting tired about how the transaction executed so long time ,
the fee itself is really so high and people thinks it's not worth anymore ,
the down time is near if segwit later didn't produce something positive.

It is common sense that time is needed to make a profit when you invest. Similarly in the case of bitcoin, you need some time to make a good profit but it is always a personal preference when to pull out one's investment and change it into profit.

Bitcoin is very demanding when it comes to investment. Of course when it a person invests in bitcoin, time is needed to make a marginal profit. But as compared to others assists like gold it a very fast and effective way to secure profit. I do not think anymore downtime will be possible as scalability issue will be solved by aug 1st.

Bitcoin is in a demand when you see it in price wise. Other than received there was huge dump nearly 300$ changed in the price chart. Price changes are normal in bitcoin we has to take it normal first, when we look at the current price you will get the profit just bought at the time and sell it now.

ubitcoin

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Quote from: jpoker272727 on July 16, 2017, 04:42:21 PM

Quote from: rizkyhiw on July 02, 2017, 10:06:54 AM

Quote from: m0924 on June 30, 2017, 11:14:31 PM

As of now the price of a single bitcoin is about more than 1400$ . And for more stronger proof, bitcoin has recently beat the value of the gold price. bitcoin exchanges are becomes more busy than ever , also the need for bitcoin exchange software took up a increasing rate of growth . While in the start of the year 2017 bitcoin rally has climb up to 1000$ after longing for three years. Sure the price value is expected to grow further in cryptocurrency arena. So
for me, bitcoin is still growing and will not getting as the years go by. So it is better to save it.

things make the current situation happened about the down price is because of lack of circulations,
what i mean is people getting tired about how the transaction executed so long time ,
the fee itself is really so high and people thinks it's not worth anymore ,
the down time is near if segwit later didn't produce something positive.

It is common sense that time is needed to make a profit when you invest. Similarly in the case of bitcoin, you need some time to make a good profit but it is always a personal preference when to pull out one's investment and change it into profit.

Bitcoin is very demanding when it comes to investment. Of course when it a person invests in bitcoin, time is needed to make a marginal profit. But as compared to others assists like gold it a very fast and effective way to secure profit. I do not think anymore downtime will be possible as scalability issue will be solved by aug 1st.

jpoker272727

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Quote from: rizkyhiw on July 02, 2017, 10:06:54 AM

Quote from: m0924 on June 30, 2017, 11:14:31 PM

As of now the price of a single bitcoin is about more than 1400$ . And for more stronger proof, bitcoin has recently beat the value of the gold price. bitcoin exchanges are becomes more busy than ever , also the need for bitcoin exchange software took up a increasing rate of growth . While in the start of the year 2017 bitcoin rally has climb up to 1000$ after longing for three years. Sure the price value is expected to grow further in cryptocurrency arena. So
for me, bitcoin is still growing and will not getting as the years go by. So it is better to save it.

things make the current situation happened about the down price is because of lack of circulations,
what i mean is people getting tired about how the transaction executed so long time ,
the fee itself is really so high and people thinks it's not worth anymore ,
the down time is near if segwit later didn't produce something positive.

It is common sense that time is needed to make a profit when you invest. Similarly in the case of bitcoin, you need some time to make a good profit but it is always a personal preference when to pull out one's investment and change it into profit.

stergium

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Quote from: Harriti on July 13, 2017, 12:06:17 PM

Quote from: error08 on July 13, 2017, 11:14:29 AM

Those seized coins won't affect bitcoin prices obviously because need more than 1000btc to make big impact while people who win the bid may not sell it all of it in the nearly future. Furthermore, it is an old news if I am not wrong about it, better to add some links to support your statement Op.
Right now, people more worried about uncertain news whether segwit2x will be activated or most blocks won't support it. Many speculation about it and may be exaggerating, but we have to prepared just in case it fail and cause another crash.

Well, just have some bad news about SegWit2x failure, the user of Bitcoin will panic and they want going fast to USDT or other cryptocurrency to keep safe their funds. I always ready the happens big breakdown the price of Bitcoin, this is best time to buy a lot of amount to holding long-term

there is some panic in the market about 1st August but i am sure that it will not continue for a long time but very soon the panic will become overe and i am sure that as soon as the 1st August will over the price will again start increasing and this time there are more chances that the price of bitcoin will hit 4000$ in next few days.

Oceat

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Quote from: warrior333 on June 28, 2017, 07:33:27 AM

Quote from: E-shipper on June 28, 2017, 07:13:03 AM

Quote from: John Wick on June 27, 2017, 04:50:15 PM

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.

Many people expect that their investment in coins will be long-term. They are jumping the prices are not crucial. It is only for a limited number of speculators problem. Those who by chance has bitcoin not trust him becomes an easy prey for speculators.

If the user is doesn't have a patience will be an easy target for the bitcoin speculators. Those who panic selling is already in a lose. What will you expect to them if they are on a panic because bitcoin price is starting to dump. Then there's this Segwit2x on August 1st, bitcoin will be going down this month and i think it will be back after August 1st is done.

foxbat

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Quote from: Teraboy on July 13, 2017, 10:39:02 AM

Quote from: RoommateAgreement on July 11, 2017, 10:50:35 PM

Quote from: aeternus on July 11, 2017, 09:58:55 PM

Quote from: darkangel11 on June 27, 2017, 04:41:17 PM

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.

This, the cause of panic come from segwit activation and the possibility of a hard fork, it is not clear what it may happen at the time and some are selling their coins for fiat or altcoins in order to avoid all this mess.

it is because of the possibility of a "split" not a hard fork. and people fear that if a split happens price can go down a lot since many will sell on one side only.
but the problem is, right now we are seeing nearly 90% total support for SegWit and when support is that big the chance of a split is ne arly zero.

But it looks the consensus will be worked. If the possibility of the split can't be happen and i think all of the result for the segwit activation will go for smoothly. But that will be different with the chain gets forked and BTU clone token will be appeared in. it doesn't look good, The big dump will follow it.

I think everyone's consensus will be very low, because people always choose what they want, they do not think about the future of bitcoin, if bitcoin is divided, it can enter the dark period.

trogutithi

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darkweb market alphabay is down now
& in past 24 hours BTC rate is ~8.3% :/

deisik

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Quote from: Harriti on July 13, 2017, 12:06:17 PM

Quote from: error08 on July 13, 2017, 11:14:29 AM

Those seized coins won't affect bitcoin prices obviously because need more than 1000btc to make big impact while people who win the bid may not sell it all of it in the nearly future. Furthermore, it is an old news if I am not wrong about it, better to add some links to support your statement Op.
Right now, people more worried about uncertain news whether segwit2x will be activated or most blocks won't support it. Many speculation about it and may be exaggerating, but we have to prepared just in case it fail and cause another crash.

Well, just have some bad news about SegWit2x failure, the user of Bitcoin will panic and they want going fast to USDT or other cryptocurrency to keep safe their funds. I always ready the happens big breakdown the price of Bitcoin, this is best time to buy a lot of amount to holding long-term

I don't know what you mean by "bad news about SegWit2x failure"

If you want to say that miners are going to decline the SegWit2x proposal at the last moment, that just means that we will remain where we are now and nothing is going to change any time soon. This won't give the price a lot of boost obviously (as SegWit activation might have done), but, on the other hand, we won't see the prices crash as it might be the case if Bitcoin were to be hard forked. In other words, every cloud has a silver lining

Harriti

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HEX: Longer pays better

Quote from: error08 on July 13, 2017, 11:14:29 AM

Those seized coins won't affect bitcoin prices obviously because need more than 1000btc to make big impact while people who win the bid may not sell it all of it in the nearly future. Furthermore, it is an old news if I am not wrong about it, better to add some links to support your statement Op.
Right now, people more worried about uncertain news whether segwit2x will be activated or most blocks won't support it. Many speculation about it and may be exaggerating, but we have to prepared just in case it fail and cause another crash.

Well, just have some bad news about SegWit2x failure, the user of Bitcoin will panic and they want going fast to USDT or other cryptocurrency to keep safe their funds. I always ready the happens big breakdown the price of Bitcoin, this is best time to buy a lot of amount to holding long-term

deisik

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

As to me, that's unlikely

The auctioned bitcoins are not sold in the open market so they are not going to directly affect the orderbooks, so to speak. They don't change current market supply and demand, and thus can't influence market prices. It is pretty much the same if Satoshi sold his bitcoins to someone off the market and we never knew the price. If the auctioned bitcoins enter the market later, they will of course affect prices, but people typically don't buy bitcoins with the purpose of selling them the next day (unless prices change dramatically, of course)

error08

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Those seized coins won't affect bitcoin prices obviously because need more than 1000btc to make big impact while people who win the bid may not sell it all of it in the nearly future. Furthermore, it is an old news if I am not wrong about it, better to add some links to support your statement Op.
Right now, people more worried about uncertain news whether segwit2x will be activated or most blocks won't support it. Many speculation about it and may be exaggerating, but we have to prepared just in case it fail and cause another crash.

Teraboy

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Quote from: RoommateAgreement on July 11, 2017, 10:50:35 PM

Quote from: aeternus on July 11, 2017, 09:58:55 PM

Quote from: darkangel11 on June 27, 2017, 04:41:17 PM

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.

This, the cause of panic come from segwit activation and the possibility of a hard fork, it is not clear what it may happen at the time and some are selling their coins for fiat or altcoins in order to avoid all this mess.

it is because of the possibility of a "split" not a hard fork. and people fear that if a split happens price can go down a lot since many will sell on one side only.
but the problem is, right now we are seeing nearly 90% total support for SegWit and when support is that big the chance of a split is ne arly zero.

But it looks the consensus will be worked. If the possibility of the split can't be happen and i think all of the result for the segwit activation will go for smoothly. But that will be different with the chain gets forked and BTU clone token will be appeared in. it doesn't look good, The big dump will follow it.

Dontme

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Quote from: slackcryptoz on June 27, 2017, 04:27:20 PM

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.

Yes it's either decreasing or increasing of btc. But I think that's how they managed it, they are already patterns on how btc works however if there is price drops of coins then I better say that there is also sharp price increase soon. There is always marketing management and I'm sure the downtime soon it's not that too long to wait for the sharp price increase.

RoommateAgreement

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Bazinga!

Quote from: aeternus on July 11, 2017, 09:58:55 PM

Quote from: darkangel11 on June 27, 2017, 04:41:17 PM

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.

This, the cause of panic come from segwit activation and the possibility of a hard fork, it is not clear what it may happen at the time and some are selling their coins for fiat or altcoins in order to avoid all this mess.

it is because of the possibility of a "split" not a hard fork. and people fear that if a split happens price can go down a lot since many will sell on one side only.
but the problem is, right now we are seeing nearly 90% total support for SegWit and when support is that big the chance of a split is ne arly zero.

aeternus

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Quote from: darkangel11 on June 27, 2017, 04:41:17 PM

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.

This, the cause of panic come from segwit activation and the possibility of a hard fork, it is not clear what it may happen at the time and some are selling their coins for fiat or altcoins in order to avoid all this mess.

malikusama

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If what you have stated is correct, nevertheless it will not going to affect the price that much because i don't think so that 1000 BTC will affect the overall market value of bitcoin.

Monnt

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Quote from: stomachgrowls on July 02, 2017, 09:59:25 AM

Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

No it wont give such impact even those bitcoins would be used again it would circulate around the chain again and considering the amount of 300 btc or 1000 wont able to affect the price majorly. Knowing that price would be only affected when we are talking about large sums of bitcoin already if government would decide to encash those coins then it would really be remain as normal.

Bitcoin are not affected by any kind of shortage even when dealing in bitcoin themselves. They always circulate the market and return in a sense like any other currency does. Bitcoin is also immune to inflation so there is no worry of bitcoin going into shortage or depleting.

The current trend of downfall might be due to the confusion of not finding any upward movements as decisions on segwit to be taken on Aug 1st. This down time will be overcome soon after segwit activation hopefully.

DOGE12321

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No, not really. A couple of thousand coins would not have a major impact on the Bitcoin price. Trading volumes are much higher at millions of dollar in a single day. Plus auctioning this Bitcoin is not occurring through any trading site and so it would not really affect the average price of Bitcoin. The most likely option for a price correction is because of August 1. The hard fork will stir up uncertainty as many people dump Bitcoin and invest in other Altcoins till the fork occurs. But after the fork we would most likely see a price hype.

Ewinsane

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Quote from: Gaff on July 02, 2017, 09:24:56 AM

Quote from: Palmerson on July 02, 2017, 07:46:35 AM

Quote from: batang_bitcoin on July 01, 2017, 03:52:04 PM

Nothing will happen, it's like they are just holding bitcoin so you do and I. The only thing that can make the price decrease once those agencies started to sell those bitcoins, that can have a big impact in the market that will make the price lower.

It seems to me that the sagging of prices on the market crypto currency will have little value because users are already accustomed to such fluctuations. Pessimistic scenario August 1 could cause more harm. I think to suspend any action with bitcoin 1.5-2 months. This will help me save money and nerves.

I couldn't agree more. In addition, more users will have a breather though it's a normal case when the value fluctuates yet it may recover soon if investors are willing to take more risks on their money and eventually it will rise again. That's the essence of bitcoin but it won't downsize soon.

Even if bitcoin value fluctuates, it should be kept in mind that bitcoin is very resilient and it quickly recovers. This is due to the fact that more and more investors are coming day by day to invest their income into bitcoin. This is one of the many reasons that the value of bitcoin is on the rise.

eaLiTy

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Quote from: batang_bitcoin on July 01, 2017, 03:52:04 PM

Nothing will happen, it's like they are just holding bitcoin so you do and I. The only thing that can make the price decrease once those agencies started to sell those bitcoins, that can have a big impact in the market that will make the price lower.

Let us consider that they will sell those coins,it is just a matter of 1000 bitcoins, we have a daily volume of $762,120,000 which is around 314,704 BTC and nothing major will happen if all the coins are sold because these sort of amount might not make any big difference in the price,we have grown a lot from the past years.

rizkyhiw

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Quote from: m0924 on June 30, 2017, 11:14:31 PM

As of now the price of a single bitcoin is about more than 1400$ . And for more stronger proof, bitcoin has recently beat the value of the gold price. bitcoin exchanges are becomes more busy than ever , also the need for bitcoin exchange software took up a increasing rate of growth . While in the start of the year 2017 bitcoin rally has climb up to 1000$ after longing for three years. Sure the price value is expected to grow further in cryptocurrency arena. So
for me, bitcoin is still growing and will not getting as the years go by. So it is better to save it.

things make the current situation happened about the down price is because of lack of circulations,
what i mean is people getting tired about how the transaction executed so long time ,
the fee itself is really so high and people thinks it's not worth anymore ,
the down time is near if segwit later didn't produce something positive.

stomachgrowls

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

No it wont give such impact even those bitcoins would be used again it would circulate around the chain again and considering the amount of 300 btc or 1000 wont able to affect the price majorly. Knowing that price would be only affected when we are talking about large sums of bitcoin already if government would decide to encash those coins then it would really be remain as normal.

Gaff

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Quote from: Palmerson on July 02, 2017, 07:46:35 AM

Quote from: batang_bitcoin on July 01, 2017, 03:52:04 PM

Nothing will happen, it's like they are just holding bitcoin so you do and I. The only thing that can make the price decrease once those agencies started to sell those bitcoins, that can have a big impact in the market that will make the price lower.

It seems to me that the sagging of prices on the market crypto currency will have little value because users are already accustomed to such fluctuations. Pessimistic scenario August 1 could cause more harm. I think to suspend any action with bitcoin 1.5-2 months. This will help me save money and nerves.

I couldn't agree more. In addition, more users will have a breather though it's a normal case when the value fluctuates yet it may recover soon if investors are willing to take more risks on their money and eventually it will rise again. That's the essence of bitcoin but it won't downsize soon.

Palmerson

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Live cams shows pimped with cryptocurrency

Quote from: batang_bitcoin on July 01, 2017, 03:52:04 PM

Nothing will happen, it's like they are just holding bitcoin so you do and I. The only thing that can make the price decrease once those agencies started to sell those bitcoins, that can have a big impact in the market that will make the price lower.

It seems to me that the sagging of prices on the market crypto currency will have little value because users are already accustomed to such fluctuations. Pessimistic scenario August 1 could cause more harm. I think to suspend any action with bitcoin 1.5-2 months. This will help me save money and nerves.

batang_bitcoin

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Nothing will happen, it's like they are just holding bitcoin so you do and I. The only thing that can make the price decrease once those agencies started to sell those bitcoins, that can have a big impact in the market that will make the price lower.

Colt22

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Quote from: pacifista on June 30, 2017, 04:04:41 AM

maybe this news will create a small impact on the bitcoin price .from 2600 down to 2500. Grin

. 1000btc cant even make an impact on btc price,

'Bitcoin is giving you opportunity to invest' that is in the mind of everyone if no one will calling that it is a downtime soon then it will have a good image in the market. I mean we do not have to spread rumors. When the price start to rise then the demand increase as everyone want to get the profit and nowadays everyone know that it is the time to get the profit so they will not sell much and you will right that the price will reduce a hundred and nothing more so we will be at $2500 or around it and it will reach to $3000 soon maybe in this month or in a next.

digaran

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🖤😏

You should at least learn how to post properly then FUD about the price, if one thing we have learned from crypto is that whenever price goes up it will come back down town definitely and without any doubt, while many get disappointed and start bitching around there are many smart people trying to take advantage of these fluctuations and earn their daily profit.
What do you care if it will go up or down you just earn your profit like the rest of us here. if you open coinmarketcap a few times every day you'll see what I'm talking about.

BarbieCasino

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Quote from: Clement Kaliyar on June 30, 2017, 11:23:47 AM

Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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..does it mean we can expect a huge decrease in BTC rate in future ?

I do not think that thousand bitcoin could make any difference in the price,even if it is auctioned they will be selling at a very good price,so what is the problem in that,this is not the first time a auction is being conducted to sell bitcoins by the authorities,so there is nothing to worry here.

Quote from: pealr12 on June 30, 2017, 10:17:13 AM

Downtine? maybe next year. I dont see right now that bitcoin will go back to 1000$ before this year ends. Im pretty sure bitcoin will continue to climb up again at 3000$

What makes you think that there will be a downtime next year,if you have any valid reason to think that,let me know what that is,because i am not aware of any bug that will take the network down. Tongue

yeah I’m agree with you here that bitcoin is going high with time instead of going down so how can we say anything about its down time .we are bitcoin users and we are earning through it so , we are hoping for good time and waiting for more and more increase in price and its demand hope it will happen soon.

Sled

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Bitcoin- in bullish time

Quote from: bit1 on June 30, 2017, 10:54:20 PM

Quote from: jtipt on June 30, 2017, 09:59:03 AM

Quote from: pacifista on June 30, 2017, 04:04:41 AM

maybe this news will create a small impact on the bitcoin price .from 2600 down to 2500. Grin

. 1000btc can't even make an impact on BTC price,

Yeah a few thousand BTC will hardly make any difference to the price, as far as I know a lot of coins are just burned daily because of some reason or other. 1000 BTC will not do anything to the price, no will even care about it.

Me too, I do not think that would have much negative impact on the price, that size of coins spoken could hardly provoke a downtime since that sale would likely be quickly absorbed by buyers.

It is still depend on the emotion of the people in the market, if they feel that the market is dumping then they might do sell also and it will make the price lower and the buyers of the dips will not be able to absorb it and it will just continue to make the price even lower. It is all depending on the demand of the people, we can't avoid those dumps because the buyers is not enough to cover all the dumps and absorb it.

m0924

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As of now the price of a single bitcoin is about more than 1400$ . And for more stronger proof, bitcoin has recently beat the value of the gold price. bitcoin exchanges are becomes more busy than ever , also the need for bitcoin exchange software took up a increasing rate of growth . While in the start of the year 2017 bitcoin rally has climb up to 1000$ after longing for three years. Sure the price value is expected to grow further in cryptocurrency arena. So
for me, bitcoin is still growing and will not getting as the years go by. So it is better to save it.

bit1

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Quote from: jtipt on June 30, 2017, 09:59:03 AM

Quote from: pacifista on June 30, 2017, 04:04:41 AM

maybe this news will create a small impact on the bitcoin price .from 2600 down to 2500. Grin

. 1000btc can't even make an impact on BTC price,

Yeah a few thousand BTC will hardly make any difference to the price, as far as I know a lot of coins are just burned daily because of some reason or other. 1000 BTC will not do anything to the price, no will even care about it.

Me too, I do not think that would have much negative impact on the price, that size of coins spoken could hardly provoke a downtime since that sale would likely be quickly absorbed by buyers.

streazight

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Quote from: iluvpie60 on June 28, 2017, 01:50:27 PM

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.

There may be some other good reason as well. This suggestion may not work because the exchanges are here to facilitate the buy and purchase process, and this is what from where they earn profit so if we limit the exchange to this low volume of trading then I guess the transaction fees will shoot high because the exchanges will then charge high fee for the services they provide you. This can lead to another issue.

tigershark

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

I think it could depend on how much money the coins sell for. If they are auctioned and they are sold at a lower price than we see on the exchanges, then it could make the price drop. If they are sold at about the exchange price, I don't think it would make a big difference.

Another thing to consider is that any non-negative publicity for bitcoin is good. If it is advertised that bitcoins will be auctioned off, it increases the exposure for bitcoin like having free advertising.

Clement Kaliyar

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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..does it mean we can expect a huge decrease in BTC rate in future ?

I do not think that thousand bitcoin could make any difference in the price,even if it is auctioned they will be selling at a very good price,so what is the problem in that,this is not the first time a auction is being conducted to sell bitcoins by the authorities,so there is nothing to worry here.

Quote from: pealr12 on June 30, 2017, 10:17:13 AM

Downtine? maybe next year. I dont see right now that bitcoin will go back to 1000$ before this year ends. Im pretty sure bitcoin will continue to climb up again at 3000$

What makes you think that there will be a downtime next year,if you have any valid reason to think that,let me know what that is,because i am not aware of any bug that will take the network down. Tongue

DarkIT

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Hoping it does not happen, and expect the up time to happen. Well, seeing the current high prices makes me always think that bitcoin prices will surely go up higher, and if the price goes down, it probably will not be less than $ 1900.

pealr12

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Downtine? maybe next year. I dont see right now that bitcoin will go back to 1000$ before this year ends. Im pretty sure bitcoin will continue to climb up again at 3000$

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Quote from: pacifista on June 30, 2017, 04:04:41 AM

maybe this news will create a small impact on the bitcoin price .from 2600 down to 2500. Grin

. 1000btc can't even make an impact on BTC price,

Yeah a few thousand BTC will hardly make any difference to the price, as far as I know a lot of coins are just burned daily because of some reason or other. 1000 BTC will not do anything to the price, no will even care about it.

darthmaul

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Quote from: Caladonian on June 29, 2017, 02:50:43 AM

Quote from: hase0278 on June 28, 2017, 11:20:05 PM

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.

That is what I said earlier with this discussion. In any way circulating more bitcoin doesn't mean falling of its price or asset value. On the other hand its just water drop in the ocean which no one can even feel. People will actually start investing into bitcoin due its high volume in the circulation. It might get more value if this really happens and everybody will hope to gain profits with this.

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Quote from: hase0278 on June 28, 2017, 11:20:05 PM

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.

Yes the pump and dumb both are common for the cryptocurrency market. People who are investing in the cryptocurrency know it much better that the cryptocurrency is a highly volatile.
We don’t know when will the prices go down and when the prices will remain going up. These are all assumptions about the prices some people think they will go up while the others think will go down, based on personal analyses which may not be right most of the time.

pacifista

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maybe this news will create a small impact on the bitcoin price .from 2600 down to 2500. Grin

. 1000btc cant even make an impact on btc price,

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Quote from: freedomno1 on June 30, 2017, 02:27:46 AM

Small amounts do not impact the market in any significant shape or form given the global trading volumes that we have now.
It is only collective actions from big whales and groups that hold real sway in the prices.
Kind of changed over the years as more users entered the system.

When userbase goes strong, whales will lose their power. Small amounts from larger community may bring differences against any big whale too.

freedomno1

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Small amounts do not impact the market in any significant shape or form given the global trading volumes that we have now.
It is only collective actions from big whales and groups that hold real sway in the prices.
Kind of changed over the years as more users entered the system.

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Quote from: Hypnosis00 on June 30, 2017, 12:50:45 AM

I don't think that there is a downtime but if its occurs then i will just buy more and i will not sell anything because my goal is to hold a lot of coins as much as i can and sell them after at least 3 years of holding. That is my goal for this year and i don't think that it is best to short now because shorting will not make me millionaire but long term holdings will do.

Good strategy, mate, and I honestly think you won't lose. If you strongly decided to hold it whatever happens, then just stick to your decision and only 3 years later start thinking whether to sell a part or not.

Dontme

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Quote from: lionheart78 on June 27, 2017, 06:26:21 PM

I do not think that this coins that is auctioned will have an effect to the current price of Bitcoin. Auctioned means it will not touch the exchanges thus does not affect the bitcoin trading directly during those times. Aside from that I believe when something is auctioned, the possibility of selling it above the current price is very possible, meaning the winner wont sell this set of coins at a lost.

I think so, how could auctioned affect the price. Yes your right maybe there are some coins that possibly affected but btc will not. I beleive that there is a strong foundation and the downtime will not be right now because as far as I know as bitcoin is concern there is a great plan that in 2020 people will use bitcoin as their money.

Hypnosis00

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I don't think that there is a downtime but if its occurs then i will just buy more and i will not sell anything because my goal is to hold a lot of coins as much as i can and sell them after at least 3 years of holding. That is my goal for this year and i don't think that it is best to short now because shorting will not make me millionaire but long term holdings will do.

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Quote from: Barbarian on June 29, 2017, 10:33:45 PM

Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

There are more than 16 million coins at the moment, even if we assume a big amount of those coins are lost that amount is tiny compared to the full supply of bitcoin, I will not be surprised if some users in this forum had a lot more coins than that.

It is not a news that some pioneer of this forum holds more than the coins that is being auctioned. They get bitcoin at a very cheap price, some probably get it at less than 1 USD. Aside from that I do not think that this bitcoin to be auction will affect the price of bitcoin in the market unless they sold it directly on the exchange eating buywalls of people, but I believe it will recover easily if that thing happen.

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

There are more than 16 million coins at the moment, even if we assume a big amount of those coins are lost that amount is tiny compared to the full supply of bitcoin, I will not be surprised if some users in this forum had a lot more coins than that.

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Quote from: wantjokull on June 29, 2017, 11:17:28 AM

Ahh, I don't think that it will affect the price of bitcoin really. May be this scenario may turn upside down. The circulation of bitcoin will attract more investors to get them at lower price, or when the price will be lowered due to circulation of so many bitcoins. So it will get into dump initially and then will rise to bigger price after investors start putting up their fat wallets for it.

Auctions are just future speculation trends from large investors, they rarely bring in a new-found interest and are rather indicators of confidence from people with a lot of money and what they are expecting from Bitcoin. Bearish investors would aim to go for spot value or lower than spot, bullish would have no problem bidding higher against spot value.

audaciousbeing

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

I want to even understand how it will be auctioned because only the physical coin I know can be auctioned and if that should happen, it could even be more than the current price for anyone who is lucky to redeem such. So if that should happen if I for example should buy at a price above the current price then I wont redeem it immediately because that would mean incurring a loss then I would have to wait till the time the price would reach what I am comfortable with before redemption that also points to the fact that not all 300btc will be released to the market at one so there is no cause for any alarm.

wantjokull

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Ahh, I don't think that it will affect the price of bitcoin really. May be this scenario may turn upside down. The circulation of bitcoin will attract more investors to get them at lower price, or when the price will be lowered due to circulation of so many bitcoins. So it will get into dump initially and then will rise to bigger price after investors start putting up their fat wallets for it.

ethereumhunter

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1000 btc is only make a little impact in only one or two exchanges and not almost all exchanges and i believe that there is many people that have more than 1000 btc and they are ready for any possibility that will happen with bitcoin. i am sure that there are many traders or people that will keep their bitcoin while the price is down and they are not gets panic like others.

bouren

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

Nope. You can't expect drastic decrease with introduction of hardly 2-3% of total supply.
Reason 1, not everyone gonna sale all the bitcoin in one go at one instant.
Reason 2, existing market will be able to neutralize this impact as bitcoin market in 2017 is many times bigger than what it used to be earlier.

mrfreezeh

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Quote from: HongKong on June 29, 2017, 05:12:08 AM

Quote from: Kawasanz on June 29, 2017, 04:25:57 AM

I think these are the coins that no one has ever wanted, so they'll auction off and release all the remaining stock of coins they have, the best solution is to wait, monitor and watch all the moves of the coins in the market
now!!!

It could be. I know that the price of Ethereum went up so the people that were holding that coin were likely to transfer their holdings into Bitcoin so they cash their coins into some fiat.

The price of Bitcoin will increase further and the people that cashed their money out might try to purchase again though at a higher price range.

Be carefully to buy or holding Bitcoin in next time, Segwit is a double-edged sword can kill anyone because they not know when Segwit success, the price of Bitcoin can rasing up more or down look like as LTC has undergone. Keep Bitcoin in next time like gamble - it just my think

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Quote from: iluvpie60 on June 28, 2017, 01:50:27 PM

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.

No it will be never drop because bitcoin is giving best opportunities to people if you are withdraw 300 bitcoins daily or more it will not effect on price of bitcoin or dollar. So like that if people withdraw then there is no effect. After withdraw once again they will invest because the same process is going. which is called money circulation.

HongKong

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Quote from: Kawasanz on June 29, 2017, 04:25:57 AM

I think these are the coins that no one has ever wanted, so they'll auction off and release all the remaining stock of coins they have, the best solution is to wait, monitor and watch all the moves of the coins in the market
now!!!

It could be. I know that the price of Ethereum went up so the people that were holding that coin were likely to transfer their holdings into Bitcoin so they cash their coins into some fiat.

The price of Bitcoin will increase further and the people that cashed their money out might try to purchase again though at a higher price range.

tonlong

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Quote from: carriebee on June 29, 2017, 03:31:14 AM

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 think it is possible, there are so many people into btc on pure speculation and emotional attachment right now.

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Quote from: Betwrong on June 29, 2017, 04:30:02 AM

Quote from: buwaytress on June 28, 2017, 06:18:32 AM

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.

At first I thought that the impact of dumping 1,000 BTC will last not more than several days, but now I see that you are probably right, it will last even much less then that. So, no need to worry about would be additional 1k BTC on the market, because the demand for Bitcoin is high.

That is right, as long as there is demand in the market then the additional supply is not a problem because there is a lot of people who are ready to get those additional pumps because people now are smarter and they just think that they need to collect bitcoin as much as they can because it is a good investment for long term that can make them earn more money.

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Quote from: buwaytress on June 28, 2017, 06:18:32 AM

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.

At first I thought that the impact of dumping 1,000 BTC will last not more than several days, but now I see that you are probably right, it will last even much less then that. So, no need to worry about would be additional 1k BTC on the market, because the demand for Bitcoin is high.

Kawasanz

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I think these are the coins that no one has ever wanted, so they'll auction off and release all the remaining stock of coins they have, the best solution is to wait, monitor and watch all the moves of the coins in the market
now!!!

taxmanmt5

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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.

carriebee

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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.

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Quote from: hase0278 on June 28, 2017, 11:20:05 PM

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.

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Quote from: timerland on June 28, 2017, 02:51:01 AM

Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

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.

Quote from: darkangel11 on June 27, 2017, 04:41:17 PM

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.

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.

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

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.

hase0278

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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.

jc89

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

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.

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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.

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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.

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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?

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Quote from: slackcryptoz on June 27, 2017, 04:27:20 PM

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.

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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

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Quote from: E-shipper on June 28, 2017, 07:13:03 AM

Quote from: John Wick on June 27, 2017, 04:50:15 PM

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.

Many people expect that their investment in coins will be long-term. They are jumping the prices are not crucial. It is only for a limited number of speculators problem. Those who by chance has bitcoin not trust him becomes an easy prey for speculators.

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Quote from: E-shipper on June 28, 2017, 07:13:03 AM

Quote from: John Wick on June 27, 2017, 04:50:15 PM

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.

Yesterday the FUD was succesful to driving the price down. As far as i know, there are some hoax has spread by those are against ethereum to make the market gets panic and try to do a panic sell.
This time the price gets recover and those FUDders are taking huge money.

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Quote from: E-shipper on June 28, 2017, 07:13:03 AM

Quote from: John Wick on June 27, 2017, 04:50:15 PM

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.

Yeah from the starting of the past week things were happening in the decreasing side and just by today after continuous minor fluctuations the price has given a rise. So downtime could happen anytime soon or else it might cause for a price pumping in the falling weeks.

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Quote from: John Wick on June 27, 2017, 04:50:15 PM

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.

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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.

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

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

buwaytress

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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.

Golftech

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Quote from: Betwrong on June 28, 2017, 04:49:21 AM

Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

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.

that's also what im thinking its just part of bitcoin in circulations there's still a lots of supporters and big players that will buy it and will continue to rise the value as of now its better to wait than to create some panic to those newcomers and it would not help either way better to keep assessing if the impact will feel inside the trade.

Sled

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I think yes there will be a downtime because of the possible increase on the supply which can be added to the market and get dump because of the hype of panic selling right now but it will be just a short period effect because there will still a good chance for pumping the price in the long run because the demand is enough to cover all the possible increased supply.

gabmen

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Hat would probably have very minimal effect on btc price and even if does, it's unlikely it will go below 2k. A lot of people are now looking into btc investments and the more of these people invest he more the price would either stabilize or go up. So i don't think there's anything to really worry about

Betwrong

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

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.

veleten

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extra coins are not the reason for the price drop,evidently,because it takes way more coins to manipulate the price on all
major exchanges+have enough resources to control and execute
this could be the agencie's doing,technically,they do posess the neccessary infrastructure and money and resources
but I still think the reason for such a volatility is manipulation+signals from uncertainty surrounding forks
of course it is being manipulated,but to have 10-15% drops or rises without a single reason would be too suspicious
and I'm sure the analysts of whoever are doing this will try to make it look organic and natural and to coincide with the"news"

timerland

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Quote from: trogutithi on June 27, 2017, 04:18:35 PM

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 ?

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.

Quote from: darkangel11 on June 27, 2017, 04:41:17 PM

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.

Agreed, market uncertainty before a fork is always the major issue that contributes to a price nosedive.

lionheart78

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I do not think that this coins that is auctioned will have an effect to the current price of Bitcoin. Auctioned means it will not touch the exchanges thus does not affect the bitcoin trading directly during those times. Aside from that I believe when something is auctioned, the possibility of selling it above the current price is very possible, meaning the winner wont sell this set of coins at a lost.

John Wick

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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.

merchantofzeny

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Are you referring to those from the exchanges closed in China? If the amount of coins are large enough then yes, it might cause a price drop. No need to worry about that though, just think of it as an opportunity. You should be more nervous about August 1.

darkangel11

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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.

slackcryptoz

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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.

trogutithi

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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 ?

Topic: downtime soon ? (Read 2990 times)