The real thing. Good find. Selling SR forfeited coins.
Then let the price drop as low as possible. The less money they get in exchange for their stolen coins, the better.
Topic: FBI Seized coins on the move - page 6. (Read 6196 times)
Then let the price drop as low as possible. The less money they get in exchange for their stolen coins, the better.
Looks like a good lite to jump into Litecoin seeing as they wont have this rush of supply problem
forbes article, they are auctioning the coins at the end of the month.
this might actually be a good thing.. maybe it's time for wallstreet to group their money up and enter the game. the price will be relatively cheap too, considering the crater it has caused today.
http://www.forbes.com/sites/kashmirhill/2014/06/12/silk-road-bitcoin-on-the-move-as-government-prepares-to-auction-off-18-million-worth/
this might actually be a good thing.. maybe it's time for wallstreet to group their money up and enter the game. the price will be relatively cheap too, considering the crater it has caused today.
http://www.forbes.com/sites/kashmirhill/2014/06/12/silk-road-bitcoin-on-the-move-as-government-prepares-to-auction-off-18-million-worth/
It's also worth noting that coins purchased directly from the US Marshall's office will be unequivocally legal. Any large US-based purchaser would want to be assured of such before taking a large position. I can't really think of a better way to be absolutely sure your large stash of coins won't run into legal hassles than to purchase directly from the gov...
Interesting times, as always.
The real thing. Good find. Selling SR forfeited coins.
forbes article, they are auctioning the coins at the end of the month.
this might actually be a good thing.. maybe it's time for wallstreet to group their money up and enter the game. the price will be relatively cheap too, considering the crater it has caused today.
http://www.forbes.com/sites/kashmirhill/2014/06/12/silk-road-bitcoin-on-the-move-as-government-prepares-to-auction-off-18-million-worth/
this might actually be a good thing.. maybe it's time for wallstreet to group their money up and enter the game. the price will be relatively cheap too, considering the crater it has caused today.
http://www.forbes.com/sites/kashmirhill/2014/06/12/silk-road-bitcoin-on-the-move-as-government-prepares-to-auction-off-18-million-worth/
@ 600/coin its around 17mil, wouldn't that only help to boost the price of BTC?
I can promise you no one is going to bid anywhere near market price on these. Most investors top mark of a investment is 70% of the value after expenses. @ 600 a coin they would bid around the $420 mark.
Shit
$300 pe BTC if the buyer sells on exchanges! I suspect auction buying price will be 70-80%, right?
Anyone making a bid for that much BTC wouldn't turn around and dump it on exchanges. As for the price, could end up being higher than market rate, seeing as you can't easily get that many coins on exchanges without driving up the price.
I admit, good point. Nobody can buy 29k coins withound market impact.
Guys, I think we have to prepare for some rough times ahead. This will be a shit storm. If the auction winner will buy them 20% cheaper, HE WILL SELL SOME ON EXCHANGES.
Anyway, can someone lend me $18 mil?
Anyway, can someone lend me $18 mil?
@ 600/coin its around 17mil, wouldn't that only help to boost the price of BTC?
Shit
$300 pe BTC if the buyer sells on exchanges! I suspect auction buying price will be 70-80%, right?
Anyone making a bid for that much BTC wouldn't turn around and dump it on exchanges. As for the price, could end up being higher than market rate, seeing as you can't easily get that many coins on exchanges without driving up the price.
shit at 400 a coin for 1 block of 3000 is over 1.25 mil
Shit
$300 pe BTC if the buyer sells on exchanges! I suspect auction buying price will be 70-80%, right?
I really really hope that the pussyhands didn't panicked on the FBI coins today. It would really show how fragile the bitcoin economy is.
what? how price moving 5% on fud shows anything about bitcoin *economy* ffs? is GM stock price moving 10% down shows how fragile ford cars have become? what if it just moved 100% up, still shows?
All that it shows is that people are stupid; that's an axiom which did not need any further proving. As for bitcoin economy, stronger than ever thank you
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.
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.
I really really hope that the pussyhands didn't panicked on the FBI coins today. It would really show how fragile the bitcoin economy is.
what kind of discount do you think they can ask for? Its gonna be a real scandal if they do a private sale for something significantly less than the market price. The fungibility of Bitcoin (as compared to houses, cars, etc) means that there's no excuse for a lowball sale...
And then there are those agents who will inevitably try to shave a little for their own interests...
In the FBI? Those boy scouts don't even J walk.
And then there are those agents who will inevitably try to shave a little for their own interests...
I don't think the FBI can legally sell those coins until the trial is over and a guilty verdict has been entered. It will most likely be years from now.
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