Massive Dump of SR Bitcoins by FBI/US Govt in coming weeks? (techcrunch) - page 2.

MAbtc

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Quote from: dontek on January 07, 2014, 08:17:09 PM

Its obvious that he's been cooperating with the feds in light of the recent busts. Eventually they are going to dump the coin to USD, just a matter of when and if they dump it all at once. If they do, a fuck ton of coins coming onto the market all at once is going to drive price down. And with the recent govt and bank assault on bitcoin, would be another big blow.

Which exchange do you think they will dump it on?

Cheesy

dontek

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Its obvious that he's been cooperating with the feds in light of the recent busts. Eventually they are going to dump the coin to USD, just a matter of when and if they dump it all at once. If they do, a fuck ton of coins coming onto the market all at once is going to drive price down. And with the recent govt and bank assault on bitcoin, would be another big blow.

MAbtc

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I expect them to dump the Gox order book down to ~ $1.

dontek

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http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks. Ulbright has given the U.S. government the private keys to the bitcoins.

“The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said. The wallets are publicly visible here and here.

Topic: Massive Dump of SR Bitcoins by FBI/US Govt in coming weeks? (techcrunch) - page 2. (Read 2121 times)