GOVERNMENT SELLS BITCOIN!!! - page 2.

keithers

legendary

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This is the land of wolves now & you're not a wolf

Quote from: smoothie on June 24, 2014, 03:42:36 AM

This is bullish news even though the short term day traders think increased supply in the wild will be bearish.

The fed/govt doing this auction gives bitcoin legitimacy. They auctioned the coins off as there is value in them obviously.

This is an easy way in for Wall Street. They may be able to get these huge chunks of coins at a discount.

Nawaytes

sr. member

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it's a good news actualy.
but if they are sells large amounts of bitcoin(dump)
bitcoin prices will drop. hopefully not

smoothie

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LEALANA Bitcoin Grim Reaper

This is bullish news even though the short term day traders think increased supply in the wild will be bearish.

The fed/govt doing this auction gives bitcoin legitimacy. They auctioned the coins off as there is value in them obviously.

BitcoinLlama

newbie

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They could keep the coins as evidence but they are selling them under a clause in which they can sell something evoking risk of losing money. In other words, bitcoins might go down in value.

Velkro

legendary

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actually its good news Wink

even price drops and ghash 51%

Cryptopher

legendary

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Keep it dense, yeah?

What you have to remember here is that this signifies that buyers are willing to put in lots of money to buy otherwise unused, idle bitcoins. The buyers aren't going to dump, they would lose out.

The only problem is that it might hold down the market for a little while.

Nerazzura

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Quote from: Bit_Happy on June 18, 2014, 02:29:45 PM

Bitcoin got some good news as well, with companies like Expedia, Yahoo!, and Google among several big names implementing a Bitcoin strategy. Venture capital dollars continue to flow into Bitcoin exchanges and new products at an ever increasing pace...

Good news for Bitcoin, followed by more good news.

Yes, I also have heard the good news, and I am getting excited for my bitcoin bitcoin-and showed it to friends who have laughed at me before, and I say aka "Winners always laugh at the end"

Cicero2.0

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★☆★Bitin.io★☆★

The faster the government is divested the better. GHASH is not nearly as big an issue some think it is.

keithers

legendary

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This is the land of wolves now & you're not a wolf

We are getting close to the auction. I have a strong feeling that Second Market is going to pick up a large amount of them. I think they will try to buy them all of they are allowed to.

waldox

sr. member

Activity: 252

Merit: 250

go go go ... cheap bitcoins... hope more new adopters join in with the lower prices and large holders sell into the govt sale

Bitcoin Magazine

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Quote from: chinacoinbase on June 23, 2014, 07:56:47 PM

so US government only own small bitcoin, Bitcoin price will change Zero for that news

why is green pieces of paper worth any more than BTCitcoin??

chinacoinbase

newbie

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so US government only own small bitcoin, Bitcoin price will change Zero for that news

hloren70

member

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It's not like these coins will be going to daytraders who plan on dumping them on Bitstamp. They are going to be going to institutional investors.

I think the leaked list of people who will be participating in the auction is very bullish for BTC price.

allthingsluxury

legendary

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Thanks for sharing. I'm quite surprised they didn't attempt to dump them on the market to weaken confidence in the currency. Fortunately, it appears they are doing the right thing and attempting to get fair value for the taxpayers.

rext

full member

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Sooner or later they would have to sell it i guess

Bitcoin Magazine

sr. member

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I'm gonna collect 1000000 doge, so that the govt can sell it if I faltered

FlowerMatt

member

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Quote from: mamarried on June 23, 2014, 09:53:22 AM

The case with SilkRoad's siezed BTC is one example of how the government operates as a private enterprise and not as "the people." If "the people" owned the government, they would be entitled to revenue generated by the government (just as you are entitled to dividends if you own a stock). Instead, revenue that is generated by the government is kept by the government. And at least half of it is spent on defense (see: war).

1.Maybe it would be a different story if the government wasn't running a deficit.
2.Defense spending is 18% of the federal budget. A far cry from half.

tuanvie

sr. member

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I always support whatever is best for bitcoin,
This news sounds good, hopefully bitcoin increasingly prosperous and sharp price decline.

mamarried

member

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The case with SilkRoad's siezed BTC is one example of how the government operates as a private enterprise and not as "the people." If "the people" owned the government, they would be entitled to revenue generated by the government (just as you are entitled to dividends if you own a stock). Instead, revenue that is generated by the government is kept by the government. And at least half of it is spent on defense (see: war).

keithers

legendary

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This is the land of wolves now & you're not a wolf

Did you guys see the leaked lost of potential buyers of the blocks of btc? Someone leaked an email of some of the pre-approved bidders. Two people from Second Market were on the list...

Topic: GOVERNMENT SELLS BITCOIN!!! - page 2. (Read 3843 times)