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Topic: Silkroad crash vs. Pirate crash (Read 2659 times)

legendary
Activity: 2324
Merit: 1125
October 09, 2013, 06:05:09 PM
#35
Nope, because I will get them all for $1.02.  And so it goes.

I expect after a lengthy trial, appeals, etc., once they no longer need them for evidence they will hold an auction just like they do for all the houses, cars, boats, etc. that they confiscate and they will go to the highest bidder at the auction.

If you are the only Bitcoiner at the auction (not likely) you would then be able to get them for a song.

Normal (physical) assets usually do go cheap on such auctions. What do they do with confiscated stocks and bonds? What about PMs? If they auction those off too instead of market selling I guess the auction price will at best be only a few percent south of the market rate (but I'm only speculating).
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
October 09, 2013, 05:58:02 PM
#34
Nope, because I will get them all for $1.02.  And so it goes.

I expect after a lengthy trial, appeals, etc., once they no longer need them for evidence they will hold an auction just like they do for all the houses, cars, boats, etc. that they confiscate and they will go to the highest bidder at the auction.

If you are the only Bitcoiner at the auction (not likely) you would then be able to get them for a song.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
October 09, 2013, 05:53:07 PM
#33
if FBI sells bitcoin, does that mean its perfectly legal for the CIA to buy them?  Grin

They'll most likely auction them off, and probably it gets picked up by the press.
So I think them selling the coins on an exchange is unlikely.

Then a (significant) discount to market prices seems unlikely.

unless all the bitcoiner at the auction come together and plan to bid 1$ and then split the coins evenly


if you think about it


1000BTC for pennies  is a far better deal then  26,000BTC for 3,000,000$

Ever heard of the prisoners dilemma? If you all do that, I'll scoop them all for $1.01 ,)

ya the damn prisoners dilemma....

legendary
Activity: 2324
Merit: 1125
October 09, 2013, 05:49:34 PM
#32
if FBI sells bitcoin, does that mean its perfectly legal for the CIA to buy them?  Grin

They'll most likely auction them off, and probably it gets picked up by the press.
So I think them selling the coins on an exchange is unlikely.

Then a (significant) discount to market prices seems unlikely.

unless all the bitcoiner at the auction come together and plan to bid 1$ and then split the coins evenly


if you think about it


1000BTC for pennies  is a far better deal then  26,000BTC for 3,000,000$

Ever heard of the prisoners dilemma? If you all do that, I'll scoop them all for $1.01 ,)
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
October 09, 2013, 05:40:51 PM
#31
if FBI sells bitcoin, does that mean its perfectly legal for the CIA to buy them?  Grin

They'll most likely auction them off, and probably it gets picked up by the press.
So I think them selling the coins on an exchange is unlikely.

Then a (significant) discount to market prices seems unlikely.

unless all the bitcoiner at the auction come together and plan to bid 1$ and then split the coins evenly


if you think about it


1000BTC for pennies  is a far better deal then  26,000BTC for 3,000,000$
legendary
Activity: 2324
Merit: 1125
October 09, 2013, 05:36:16 PM
#30
if FBI sells bitcoin, does that mean its perfectly legal for the CIA to buy them?  Grin

They'll most likely auction them off, and probably it gets picked up by the press.
So I think them selling the coins on an exchange is unlikely.

Then a (significant) discount to market prices seems unlikely.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 09, 2013, 05:25:16 PM
#29
Lets just say it will give us something to talk about for months to come. Smiley
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
October 09, 2013, 05:19:11 PM
#28
if FBI sells bitcoin, does that mean its perfectly legal for the CIA to buy them?  Grin

They'll most likely auction them off, and probably it gets picked up by the press.
So I think them selling the coins on an exchange is unlikely.

i wonder how long it will take to settle the case and announce the auction ...

are they going to have a trial we can all go to and watch?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 09, 2013, 05:05:22 PM
#27
if FBI sells bitcoin, does that mean its perfectly legal for the CIA to buy them?  Grin

They'll most likely auction them off, and probably it gets picked up by the press.
So I think them selling the coins on an exchange is unlikely.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
October 09, 2013, 04:35:39 PM
#26
if FBI sells bitcoin, does that mean its perfectly legal for the CIA to buy them?  Grin
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
October 09, 2013, 04:33:37 PM
#25
I wonder how many bitcoins are trapped inside silkroad accounts

According to the news, about 26,000.

Feds seized their hot wallet. Actually it's less than I would have guessed, but then there might be other funds that didn't get seized but are in some kind of a limbo right now, and possibly forever lost.

The problem is not the SR hotwallet, but his cold wallet, it contains 600.000 privatly owned BTCs. Sometime there comes the time where these btcs will be sold at the market, hope that this is not the case in the next months.

Not so tragic.

Mtgox 30-day Volume 494,497.2540031 BTC
Bitstamp 30-day Volume372,650.87323175 BTC

How much of it are the same Bitcoins being traded back and forth?

my guess, at least half.
legendary
Activity: 1414
Merit: 1000
October 09, 2013, 04:32:32 PM
#24
How much of it are the same Bitcoins being traded back and forth?

it does not matter.  I'll feel happy if I can own 100k BTC
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
October 09, 2013, 04:26:08 PM
#23
I wonder how many bitcoins are trapped inside silkroad accounts

According to the news, about 26,000.

Feds seized their hot wallet. Actually it's less than I would have guessed, but then there might be other funds that didn't get seized but are in some kind of a limbo right now, and possibly forever lost.

The problem is not the SR hotwallet, but his cold wallet, it contains 600.000 privatly owned BTCs. Sometime there comes the time where these btcs will be sold at the market, hope that this is not the case in the next months.

Not so tragic.

Mtgox 30-day Volume 494,497.2540031 BTC
Bitstamp 30-day Volume372,650.87323175 BTC

How much of it are the same Bitcoins being traded back and forth?
legendary
Activity: 1414
Merit: 1000
October 09, 2013, 04:22:36 PM
#22
I wonder how many bitcoins are trapped inside silkroad accounts

According to the news, about 26,000.

Feds seized their hot wallet. Actually it's less than I would have guessed, but then there might be other funds that didn't get seized but are in some kind of a limbo right now, and possibly forever lost.

The problem is not the SR hotwallet, but his cold wallet, it contains 600.000 privatly owned BTCs. Sometime there comes the time where these btcs will be sold at the market, hope that this is not the case in the next months.

Not so tragic.

Mtgox 30-day Volume 494,497.2540031 BTC
Bitstamp 30-day Volume372,650.87323175 BTC

Edit:

I would love to buy bitcoins at single digits or feel as FIRST adopter who bought at sub $1 :-) ... 10,000 BTC/pizza
full member
Activity: 159
Merit: 100
October 09, 2013, 04:14:28 PM
#21
I wonder how many bitcoins are trapped inside silkroad accounts

According to the news, about 26,000.

Feds seized their hot wallet. Actually it's less than I would have guessed, but then there might be other funds that didn't get seized but are in some kind of a limbo right now, and possibly forever lost.

The problem is not the SR hotwallet, but his cold wallet, it contains 600.000 privatly owned BTCs. Sometime there comes the time where these btcs will be sold at the market, hope that this is not the case in the next months.
sr. member
Activity: 476
Merit: 250
October 09, 2013, 01:20:40 PM
#20
I clicked expecting to see some graphs of the two crashes  Cry
sr. member
Activity: 516
Merit: 283
October 09, 2013, 01:10:13 PM
#19
Anyone in this thread care for some TA??

+1. some charts showing the market changes in each scenario would be welcomed
hero member
Activity: 501
Merit: 500
October 08, 2013, 11:51:03 PM
#18
I wonder how many bitcoins are trapped inside silkroad accounts

According to the news, about 26,000.

Feds seized their hot wallet. Actually it's less than I would have guessed, but then there might be other funds that didn't get seized but are in some kind of a limbo right now, and possibly forever lost.
legendary
Activity: 1022
Merit: 1000
October 08, 2013, 06:37:44 PM
#17
Anyone in this thread care for some TA??
sr. member
Activity: 248
Merit: 251
October 08, 2013, 09:38:48 AM
#16
I wonder how many bitcoins are trapped inside silkroad accounts
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