Stop panic selling - page 2. | Bitcointalksearch.org

gog1

hero member

Activity: 756

Merit: 500

Quote from: ?? on ??

Quote from: gog1 on October 02, 2013, 03:26:04 PM

Guys, I don't think the US gov't is dumping the coins yet. He's not convicted yet and technically, they can't liquidate his asset until he's guilty of the crime. There will be another huge sell off once everything is over.

Don't they have to destroy it?

don't think so, proceeds from crime can be confiscated and auction off - gov't only destroy illegal stuff that it can't sell (like if they seized drugs, they'll have to destory it; if they seized money, it's theirs!).

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

How come they got his wallet password???

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: ?? on ??

Quote from: gog1 on October 02, 2013, 03:26:04 PM

Guys, I don't think the US gov't is dumping the coins yet. He's not convicted yet and technically, they can't liquidate his asset until he's guilty of the crime. There will be another huge sell off once everything is over.

Don't they have to destroy it?

Lol, that would be hilarious. How much did they confiscate anyway?

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

lol

gog1

hero member

Activity: 756

Merit: 500

Guys, I don't think the US gov't is dumping the coins yet. He's not convicted yet and technically, they can't liquidate his asset until he's guilty of the crime. There will be another huge sell off once everything is over.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Don't stop panic selling now!! The sky is falling, sell me your coins cheap while you still can!!!

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

Just missed the scene, I put a lot of buy order at $100 but none of them get executed

notme

legendary

Activity: 1904

Merit: 1002

Quote from: ?? on ??

Quote from: notme on October 02, 2013, 03:03:22 PM

Quote from: ?? on ??

Quote from: giantdragon on October 02, 2013, 01:36:52 PM

Quote from: tysat on October 02, 2013, 01:25:36 PM

They seized a few million in bitcoins, you don't think people here have more than that?

They seems have seized few million WORTH of Bitcoin (in USD value).

I hope they have brains to keep it safe. Maybe then, a few years down the road they will be able to pay up that fiat debt of theirs.

I'm not sure you want the FBI to have enough bitcoins to pay off the entire USG debt. They are a law enforcement agency and will not give up their bitcoins. They will use them to wield their influence. Much of what they do is good, but with things like N-DEx they are an NSA wannabe with a data access security hole the size of every police department in the US.

You're all assuming the dread Pirate did not have a self destruct in place. It would be nice if he had, especially for the customers.

My comment stands on its own without such assumptions. A dead mans switch is possible, but it does not change the fact that the USG will not be paying down debt with funds seized by the FBI.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: ?? on ??

Quote from: giantdragon on October 02, 2013, 01:36:52 PM

Quote from: tysat on October 02, 2013, 01:25:36 PM

They seized a few million in bitcoins, you don't think people here have more than that?

They seems have seized few million WORTH of Bitcoin (in USD value).

I hope they have brains to keep it safe. Maybe then, a few years down the road they will be able to pay up that fiat debt of theirs.

I'm not sure you want the FBI to have enough bitcoins to pay off the entire USG debt. They are a law enforcement agency and will not give up their bitcoins. They will use them to wield their influence. Much of what they do is good, but with things like N-DEx they are an NSA wannabe with a data access security hole the size of every police department in the US.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Xiaoma on October 02, 2013, 02:28:52 PM

Quote from: XxionxX on October 02, 2013, 02:19:15 PM

Holy crap I totally missed all the cheap coins! You look away for one day and insane discounts are everywhere!

Wrong: You look away 10 minutes!! DAMN IT

My market making bot was ready with his standing orders Tongue

I love volatility Cheesy

.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: XxionxX on October 02, 2013, 02:19:15 PM

Holy crap I totally missed all the cheap coins! You look away for one day and insane discounts are everywhere!

be thankful, I sold at 98$ at bitstamp thinking it would drop even further, thought about buying at 85 and then decided to wait a bit to see if it drops more.... price went up to 120 and I made a loss of 20BTC

Xiaoma

full member

Activity: 133

Merit: 100

Quote from: XxionxX on October 02, 2013, 02:19:15 PM

Holy crap I totally missed all the cheap coins! You look away for one day and insane discounts are everywhere!

Wrong: You look away 10 minutes!! DAMN IT

XxionxX

sr. member

Activity: 254

Merit: 250

Digital money you say?

Holy crap I totally missed all the cheap coins! You look away for one day and insane discounts are everywhere!

ChronoX5

member

Activity: 72

Merit: 10

Quote from: odolvlobo on October 02, 2013, 02:06:48 PM

I'm curious about how they seized the bitcoins. To seize bitcoins, you have to get the private keys to the addresses holding them and transfer them.

Would it be seizing if they took a paper wallet from him?

odolvlobo

legendary

Activity: 4466

Merit: 3391

I'm curious about how they seized the bitcoins. To seize bitcoins, you have to get the private keys to the addresses holding them and transfer them.

Xiaoma

full member

Activity: 133

Merit: 100

NO NO DON'T STOP!! MORE MORE PANIC SELLING PLEASE!! Tongue

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: Thursday on October 02, 2013, 01:34:10 PM

Quote from: NamelessOne on October 02, 2013, 01:20:05 PM

Quote from: Gimmelfarb on October 02, 2013, 01:16:33 PM

shame when a bunch of libertarians get together to bash on "potheads" for the sake of their money

I'm not libertarian myself, but I'm using potheads in a generic sense for people that were supporting the Silk Road economy. I know many people that smoke pot occasionally and they are great people. But I despise the the SR/Bitcoin connection.

So stop perpetuating the SR/Bitcoin connection. Bitcoin isn't synonymous with SR. Yes it's played an important role in Bitcoins history, but SR was on the back-burner as of late. Do you despise the Dollar/Drug-cartell connection do-gooder?

LOL. While you are right about SR on the back-burner lately, discussing is not perpetuating. I never talk about SR, on here or in person. I'm talking about it now because it is the topic of the day and the PR connection has existed until this day. I didn't say they are one and the same, but there are uneducated people that do believe so. My words are reasonable because there are a lot of lawmakers that know little about bitcoin aside from the fear inducing hot topics like 'you can buy drugs with on secret illegal drug websites.' And that is all they know about it.

The dollar/drug-cartell connection is an old, well established issue, not a hot new technology that is supposedly untraceable (which causes lawmakers to freak out). USD is established, XBT is fresh new territory, with all kinds of people frequently discussing the legal issues. I personally believe this is a great day for bitcoin as it gives lawmakers comfort that they can police this stuff. And yes I am a do-gooder.

Gimmelfarb

hero member

Activity: 658

Merit: 500

Quote from: bitster on October 02, 2013, 01:20:56 PM

We don't need anyone to 'go away' in the btc market, the rate of adoption has been pathetic and the market cap dismal.

this, exactly. if criminals are using it, at least somebody is.

giantdragon

legendary

Activity: 1582

Merit: 1002

Quote from: tysat on October 02, 2013, 01:25:36 PM

They seized a few million in bitcoins, you don't think people here have more than that?

They seems have seized few million WORTH of Bitcoin (in USD value).

Thursday

full member

Activity: 150

Merit: 100

Quote from: NamelessOne on October 02, 2013, 01:20:05 PM

Quote from: Gimmelfarb on October 02, 2013, 01:16:33 PM

shame when a bunch of libertarians get together to bash on "potheads" for the sake of their money

I'm not libertarian myself, but I'm using potheads in a generic sense for people that were supporting the Silk Road economy. I know many people that smoke pot occasionally and they are great people. But I despise the the SR/Bitcoin connection.

So stop perpetuating the SR/Bitcoin connection. Bitcoin isn't synonymous with SR. Yes it's played an important role in Bitcoins history, but SR was on the back-burner as of late. Do you despise the Dollar/Drug-cartell connection do-gooder?

Topic: Stop panic selling - page 2. (Read 4641 times)