Topic: Seized coins sale - page 3. (Read 4975 times)
Can they legally do that? The coins are internationally owned, and no government has international jurisdiction.
I saw this article a little while back, don't know if there has been any developments, but I doubt they would just dump their coins...
http://www.businessinsider.com/falcon-global-capital-offers-to-buy-the-fbis-bitcoins-2014-2
http://www.businessinsider.com/falcon-global-capital-offers-to-buy-the-fbis-bitcoins-2014-2
The feral government would be foolish to sell any seized coins. Their black ops will just have to buy them back at a higher price. Instead, they will get laundered and the proceeds will be used for bribery.
I kind of think people would be like taint ! lol
But honestly they may be one of the most valued reserves the Fed has in the future lol
Fort Knox is gold and unknown amounts
But Bitcoin Fort Knox is Visible Reserves
But honestly they may be one of the most valued reserves the Fed has in the future lol
Fort Knox is gold and unknown amounts
But Bitcoin Fort Knox is Visible Reserves
Feds lost their Bitcoin in MtGox....... I doubt Mark will be around much longer, he will simply disappear...
Do they even have the private keys for the addresses? I thought that the .gov had not recovered those. If they don't have them, they won't be selling...
The government is hodling waiting for the price to jump.
Hope they'll think like pension fund managers ...
Does a single soul who thinks this through honestly believe the US government would send their asset to a quasi legal exchange in a far off country and dump immediately?
There are already buyers who have gone public offering to purchase the entire lot before it even gets to an auction. No doubt it will crash the price on the exchanges because folks seem to enjoy nailing themselves up the arse for the pure joy of it.
There are already buyers who have gone public offering to purchase the entire lot before it even gets to an auction. No doubt it will crash the price on the exchanges because folks seem to enjoy nailing themselves up the arse for the pure joy of it.
The government is hodling waiting for the price to jump.
If Barney sells, I buy it 
we are doomed
hope not lol
There are other coins to take BTC place
there are indeed.
whilst all eyes are over there... I'm making trades over here, and what bargains to be had!
when it happen, BTC prize will collapse
BITSTAMP vol 24h: 2,385,814 USD
BTC-E vol 24h: 5,049,766 USD
only around $7.3 M
Silkroad Seized Coins alone $12.5 M
BITSTAMP vol 24h: 2,385,814 USD
BTC-E vol 24h: 5,049,766 USD
only around $7.3 M
Silkroad Seized Coins alone $12.5 M
The FBI is not that stupid, to sell the coins at a loss. And there are legal issues also. They can't sell those coins until the trial is over. And even when it is over, they need permission from the court. All this will take a few more years. So my advice is not to worry about any sale by the FBI.
we are doomed
hope not lol
There are other coins to take BTC place
we are doomed
I'm just afraid that they would do the thing that would screw BTC the most. Like holding all this just for screwing things up if/when times comes up.
Assuming they did auction them off - if there was market movement leading to a lowering in price I'd be more than happy to gobble up a few more coins at a lower price. Honestly, I doubt that will be the case though, more likely there is no sale or the sale has little to no impact on price.
Not likely. They aren't going to create an account on an exchange and sell them. It's clear that they would auction them off. A large hedge fund or conglomerate would most likely buy the coins. Why do you think that a federal agency would sell the coins on an exchange? That would be like the DEA or ATF selling confiscated cars on eBay motors. Try not to worry so much. There is strong buy support at $350 and many positive things on the horizon for Bitcoin. In addition, the stock market looks to be entering a phase of extreme instability. Cryptos and commodities will benefit greatly in such a climate.
it's so sad how fragile BTC actually is 
What if(when) feds decide to sell seized coins?
https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Can you imagine price drop, panic it would create and how would ignorant people react if they start selling all they have when fake news from China comes out.
It would totally saturate exchanges
we will all die with our worthless btc https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Can you imagine price drop, panic it would create and how would ignorant people react if they start selling all they have when fake news from China comes out.
It would totally saturate exchanges
when it happen, BTC prize will collapse
BITSTAMP vol 24h: 2,385,814 USD
BTC-E vol 24h: 5,049,766 USD
only around $7.3 M
Silkroad Seized Coins alone $12.5 M
many people send few BTC and leave public note there, interesting
BITSTAMP vol 24h: 2,385,814 USD
BTC-E vol 24h: 5,049,766 USD
only around $7.3 M
Silkroad Seized Coins alone $12.5 M
many people send few BTC and leave public note there, interesting
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