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Topic: FBI Auctioned/US Marshall coins moved. Price to go to the moon!!! - page 2. (Read 2724 times)

legendary
Activity: 1246
Merit: 1000
I think some of the reasoning is that since the silk road BTC confiscation there has been lots of fear and uncertainty what the fate of those coins would do to the market.

Now that the coins have finally left federal hands and are back in the ecosystem some of that fear is alleviated.

If the guys who bought the coins plan to dump them in exchanges, it doesn't help if the uncertainty is removed.
Price will go down all the same if (and when) these coins are dumped.
sr. member
Activity: 249
Merit: 250
Market will definitely move, so it's time to short.
full member
Activity: 176
Merit: 100
Why would this effect the price let alone make the price 'go to the moon'? What does the guy who bought them plan to do with them?

Yeah I'm not following the logic here either.

People just like to say this when pretty much anything happens no matter how in/significant  Cheesy.
legendary
Activity: 2744
Merit: 1288
It was actually quite stupid speculation. It was known they will not just dump them but sell with earlier announcement.  There are still lots of bitcoins in much weaker hands that was FBI ones.
vip
Activity: 571
Merit: 504
I still <3 u Satoshi
I think some of the reasoning is that since the silk road BTC confiscation there has been lots of fear and uncertainty what the fate of those coins would do to the market.

Now that the coins have finally left federal hands and are back in the ecosystem some of that fear is alleviated.
hero member
Activity: 518
Merit: 500
Hodl!
hah, think someone put the tx fee in wrong, the blocks end up at 4999  and change Cheesy

Buyers gonna cause shit.
hero member
Activity: 686
Merit: 500
Why would this effect the price let alone make the price 'go to the moon'? What does the guy who bought them plan to do with them?

Yeah I'm not following the logic here either.
sr. member
Activity: 274
Merit: 250
Why would this effect the price let alone make the price 'go to the moon'? What does the guy who bought them plan to do with them?
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
legendary
Activity: 1232
Merit: 1011
too bad they were selling only 50 k this time, so they are probably moving coins to their addresses first.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
100000 BTC and 44341 BTC moved out of the FBI address.

https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw

One block is great news, it was not broken into small amounts.

Here is a full breakdown of the results:
https://bitcointalksearch.org/topic/a-breakdown-of-the-auction-results-887313
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