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Topic: FBI Seized coins on the move - page 4. (Read 6196 times)

sr. member
Activity: 378
Merit: 250
June 12, 2014, 07:15:40 PM
#65
30,000 coins doesn't even touch the BTC market supply. It's less than 1% of all coins. It's crazy how much of an effect that it has on the price though. If this person bought the coins and dumped them, he would hurt the price by maybe $50 or so. The price was hurt more by the news and speculation than could have possible been done by the actual act. lololol
full member
Activity: 224
Merit: 100
June 12, 2014, 07:12:25 PM
#64
I would like to hear the reasoning behind up I am curious myself.
legendary
Activity: 2324
Merit: 1125
June 12, 2014, 07:09:37 PM
#63
This will bring Bitcoin down, I"m thinking 300 range. Sad

No way. This is going to make it go upwards.

Seriously?! Not sure if you are being sarcastic or not. It's a giant dump of bitcoin at a cheaper amount.
it will make it go up

Just wait until the auction goes through above market.
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
June 12, 2014, 07:07:25 PM
#62
Why am I thinking about new mining hardware and heating/cooler ( CRAC units (CRACis a 1960s term for computer room air conditioning))  Huh



full member
Activity: 224
Merit: 100
June 12, 2014, 07:01:29 PM
#61
I do not think they need to wait to the end of the trial on this one, those crimes where held by a criminal organization no matter if it was DPR as the leader or not.

They usually contract someone out to do sales for them and give them a cut, which makes it in the interest of the contracted seller to get the highest price possible and advertise far and wide. I think we will see a bitcoin business pop up shortly and say they have been contacted by the GOV to dispose of coins.

Damn almost lol, figured they would hire a executor of some sort to dispose of the coins though. It is odd how fast this auction has cropped up though. Take real estate it is advertised for 3-6 months before they auction it.
The judge told them they could sell of this smaller 30K BTC portion (the portion not claimed by DPR) months ago.  They are only now getting around to doing it.

Had not been paying much notice to the case, but I might start now.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
June 12, 2014, 07:01:22 PM
#60
This will bring Bitcoin down, I"m thinking 300 range. Sad

No way. This is going to make it go upwards.

Seriously?! Not sure if you are being sarcastic or not. It's a giant dump of bitcoin at a cheaper amount.
it will make it go up
sr. member
Activity: 404
Merit: 253
June 12, 2014, 06:57:43 PM
#59
This will bring Bitcoin down, I"m thinking 300 range. Sad

No way. This is going to make it go upwards.

Seriously?! Not sure if you are being sarcastic or not. It's a giant dump of bitcoin at a cheaper amount.
legendary
Activity: 2324
Merit: 1125
June 12, 2014, 06:56:05 PM
#58
This will bring Bitcoin down, I"m thinking 300 range. Sad

No way. This is going to make it go upwards.
sr. member
Activity: 404
Merit: 253
June 12, 2014, 06:52:58 PM
#57
This will bring Bitcoin down, I"m thinking 300 range. Sad
legendary
Activity: 2646
Merit: 1138
All paid signature campaigns should be banned.
June 12, 2014, 06:50:07 PM
#56
I do not think they need to wait to the end of the trial on this one, those crimes where held by a criminal organization no matter if it was DPR as the leader or not.

They usually contract someone out to do sales for them and give them a cut, which makes it in the interest of the contracted seller to get the highest price possible and advertise far and wide. I think we will see a bitcoin business pop up shortly and say they have been contacted by the GOV to dispose of coins.

Damn almost lol, figured they would hire a executor of some sort to dispose of the coins though. It is odd how fast this auction has cropped up though. Take real estate it is advertised for 3-6 months before they auction it.
The judge told them they could sell of this smaller 30K BTC portion (the portion not claimed by DPR) months ago.  They are only now getting around to doing it.
legendary
Activity: 2324
Merit: 1125
June 12, 2014, 06:49:53 PM
#55
Why dont they wanna keep it?

They're retarded.
full member
Activity: 224
Merit: 100
June 12, 2014, 06:42:08 PM
#54
I do not think they need to wait to the end of the trial on this one, those crimes where held by a criminal organization no matter if it was DPR as the leader or not.

They usually contract someone out to do sales for them and give them a cut, which makes it in the interest of the contracted seller to get the highest price possible and advertise far and wide. I think we will see a bitcoin business pop up shortly and say they have been contacted by the GOV to dispose of coins.

Damn almost lol, figured they would hire a executor of some sort to dispose of the coins though. It is odd how fast this auction has cropped up though. Take real estate it is advertised for 3-6 months before they auction it.
legendary
Activity: 2646
Merit: 1138
All paid signature campaigns should be banned.
June 12, 2014, 06:39:43 PM
#53
is it dejavu ? I thought it was sold already ...
No, we have been waiting for them to sell off the first 30K coins and they announced the auction schedule so now we know.  This is the first auction of coins.

Great, hopefully they'll auction 170k coins soon. Time to get rid of that FUD dream argument once for all. Then there is just one direction to move  Wink
The rest of the coins have to wait until a court issue is settled because DPR has claimed them as his personal property.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
June 12, 2014, 06:38:36 PM
#52
Great, hopefully they'll auction 170k coins soon. Time to get rid of that FUD dream argument once for all. Then there is just one direction to move  Wink
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
June 12, 2014, 06:36:56 PM
#51
is it dejavu ? I thought it was sold already ...
sr. member
Activity: 434
Merit: 250
June 12, 2014, 06:33:38 PM
#50
They dont look really smart. The registration time is short, which limits the amount of bidders. And the blocks are huge which limits bidders even more.

I see a chance that persons with big pockets can make a good deal because of their stupidity.

Yes, there are only 3 days to send the 200k$ by bank transfer. Looks fishy, like the feds wanted to limit the bidders to those with already prepared $.
My guess is those coins will be sold well below market price.

could be that they have certain friends who might want a nice "hookup" with some bitcoins.. all they'd have to do is work hard to limit access to people, and then once there are only a few bidders, you can have a field day.

Why dont they wanna keep it?

woulda been cool if they decided to do their payroll with BTC.. instead of liquidating it. but i guess it's more lucrative to set up a small field for your friends to score some coins on the cheap.
hero member
Activity: 518
Merit: 500
June 12, 2014, 06:32:24 PM
#49
Why dont they wanna keep it?
legendary
Activity: 2170
Merit: 1094
June 12, 2014, 06:28:52 PM
#48
They dont look really smart. The registration time is short, which limits the amount of bidders. And the blocks are huge which limits bidders even more.

I see a chance that persons with big pockets can make a good deal because of their stupidity.

Yes, there are only 3 days to send the 200k$ by bank transfer. Looks fishy, like the feds wanted to limit the bidders to those with already prepared $.
My guess is those coins will be sold well below market price.
full member
Activity: 196
Merit: 100
June 12, 2014, 06:22:08 PM
#47
Never noticed the price had gone down until now - got quite a shock, should be used to it with BTC by now I suppose Smiley
legendary
Activity: 2674
Merit: 1083
Legendary Escrow Service - Tip Jar in Profile
June 12, 2014, 05:56:10 PM
#46
They dont look really smart. The registration time is short, which limits the amount of bidders. And the blocks are huge which limits bidders even more.

I see a chance that persons with big pockets can make a good deal because of their stupidity.
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