Topic: Ross Ulbricht 140k bitcoins potential auction and market crash in future. - page 4. (Read 7265 times)

Better to spare the whole coins into the US population for free than auctioning it and let some billionaire to buy them all.

This guy is on the money. Or something else. One of the two.

Of course no one's going to buy 140,000 coins just to destroy the market. Of course the price is going to plummet because BTC market types don't have much spine or reasoning so they'll sell en masse.

I like threads like this. Fudders and all other naysayers just don't seem to have the output they used to... Sad that quality of trolling is so low nowadays, I even predict it's going to crash even lower  Stop trolling now, get out and save what you can!!!! I think in around one month we can come back here and see how it went down.

Bitcoin price did crashed 30% once the news of busted become public information. The price recovered an hour later.

If auction will be successfully, government's will start massive ban BTC in their countries and seize them and trade.

We can only pray, no one will buy those cheap BTC. And all world decide to BAN FBI.

LOLOLOL

Take your meds Faiiiling.

You're too hilarious to put on ignore.

no, there will be no more up trend but only dead cat bounces, $1200 to $xxx to $600, $600 to $xxx to $400, $400 to $xxx to $180, $180 to $xx to $20 etc..
i know he has lost some money so far and will lose more but this is what's going to happen,
he only wants to hear some lies about "to da moon" "get on the train" "we are just temporarily going down but soon the bull trap will start", otherwise he asks opponents to leave the forum

he only allows people to celebrate/talk about it/point it out/ at every raise but certainly not at dip,
so if he "likes" bitcoin, then bitcoin must raise forever, it can't be "get rich quick bubble" "keep staying at low price/die/be replaced at some day" "be used for high frequency trading/speculators"

so you see JimboToronto's selectively blind logic, he is denying but just telling you the same "don't say the price might go down or bitcoin is not going to the moon for whatever reason, or you will get flamed. the price is going down? no, i don't see it, don't show me, ... ok i see it but it's not true, it can't be, just some stupid weakers dumping cheap coins ... oh no!! the market is crashing but i believe it will raise again!!!! don't agree with me? then gtfo!"

"If SR gets busted, don't you think bitcoin will crash to ZEROOOO!?!?!"

Exaggeration is the key word. He doesn't just predict a dip, he calls for a big crash and then rejoices and celebrates every minor dip as if it were a newly discovered cure for cancer or an end to poverty. Every small setback to Bitcoin is treated as a wonderful positive thing. It's as if he hates Bitcoin. No wonder he's almost universally considered to be a troll.

Even many so-called "permabulls" routinely predict temporary price decreases when they are called for. It's a matter of degree.

He was probably exaggerating. However he is correct when he says that anyone who dares post that the price might go down for whatever reason is probably going to get flamed by many members of this forum. Theres some sort of unspoken rule about never predicting that bitcoin might go lower, even temporarily...

crackers and governments and shit having 1224k coins, mtgox 200k, fbi 174k, crackers 850k -> no one can buy them, not at 15% off
simple enough for you?

Finally, you said something that had a modicum of reality in it. 1) this hasn't finished playing out yet.

What if we are at $700ish two weeks from now?

Ok thanks for that.

I guess I used the wrong term. I meant that it seemed that the auction was a key factor that contributed to the market going down from what looked like $670 to $550. It might still go lower we will only know after the auction.

We cant conclude what this auction will mean for future auctions because:
1) this one hasnt finished playing out yet.
2) a future auction with 5 times the amount of this one might have a completely different effect on the market.
3) other factors eg. who the bidders are etc.

I'm not sure if you're trolling or just confused but I'll give you the benefit of the doubt and assume the latter.
_______

Even if there was a distinct connection between the auction and the recent dip, it could hardly be called "crashing hard".

From the peak of 615 almost a week and a half ago to the absolute bottom of 555 yesterday, the dip represented less than 9%.

The little dip on the day of the Silk Road bust represented more than 15% and all that led to was dispelling the importance of the bust, reinforcing the strength of Bitcoin and spurring the autumn rally.

When the price dipped by 50% last November, it was just a bump in the road to a new ATH three times as high as the bottom of that November dip.

"Crashing hard" is what it did in June 2011 when it went from 32 down to 2, a drop of over 93%, or in April 2013 when it went from 266 down to 50, a drop of over 81%.

9% is peanuts in the world of Bitcoin where increases are measured in 1000s of %.
_______

If anything, this little dip should serve to dispel the importance of government auctions and lead to a much smaller market reaction to a much larger auction.

I hope that helped clarify things for you. You'd be wise to pay more attention to experienced Bitcoin people and less to noob trolls and johnny-come-lately daytraders.

I hate to quote and feed the biggest troll of bitcointalk.org but...

Unless we go to $12, my dreams are still alive.

Also, I am willing to give you 10 of my bitcoins if you can provide this simple mathematical calculation that proves the market is going to crash. You can sell them now an profit 5 grand before this so called crash!

I will leave you unignored for a day to provide enough time. Your move!

yes, bitcoin market is going to crash, very hard, anyone can come to this conclusion with simple mathematical calculations,
however the holders in this forum will still trying to fool you, if they found out you are in the right sense, they will ask you to leave the forum so they can continue lying to themselves and others,
they are either so afraid of their dreams are dead or trying to fool more people to join them,
how pathetic they are?

Did I miss something again? When did bitcoin crash hard?

You don't get it do you troll?

There are plenty of buyers ready to scoop up any coins the government is willing to auction off. This 15% guy is just one of them. Windjc said there is not enough bids ON EXCHANGES to be able to buy all these coins if they are dumped, not enough of a market to buy the 140K coins that MIGHT be auction off. I agree with everything Windjc said, and nothing of what you said so far.

Also, only american buyers are allowed to bid. They will be subject taxes if they sell within one year, so not only will they lose if they dump on the market, they will have to pay taxes. EVEN IF THEY PAYED 200 PER COIN THEY WOULD NOT PROFIT! SO WHY THE FUCK WOULD SOMEONE WITH THAT MUCH MONEY DUMP THOSE COINS AND LOSE TENS OF MILLIONS?

But wait, theres more! First, they have to find him guilty and prove that every single coin he owned was made off SR. That is going to be very hard for them to do. Last I heard, it was looking like he was going to get off on most of these charges, with only the charges for selling fake IDs to some guy in Canada sticking. The government got what they wanted, which was to shut down SR, confiscate a ton of info on buyers and sellers, and profit (the 29K coins).

Now stop trolling. Don't hate because you got here late!

Oh, so you are here to "save" people like me.

I make more trading in a day than you do at your job in a year. Go find a smaller sandbox, we don't need people like you here.