They will sell.
IF it has an impact on the market, price may dip (so buy) and then rise again.
It's setting a precedent in confirming that bitcoin is an asset of value...jmo.
Topic: "The Feds Are Ready To Sell $25 Million of Bitcoin. (Read 976 times)
I hope they are naive enough to think they can kill the market by selling openly, so we can enjoy the feeding frenzy. I also fancy that it could be a bluff and they don't actually have full access to the coins.
The Feds Are Ready To Sell $25 Million of Bitcoin Seized From The Silk Road
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/?utm_campaign=techtwittersf&utm_source=twitter&utm_medium=social
Title says all; What I do like to see is a discussion about this.
What are your thoughts? Will they sell or will they hold? IF they sell, how big will the impact be on the bitcoinmarket?
I know it is all speculation but I love these discussions!
Throw in your emotions and thoughts.
Cheers,
Clyze
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/?utm_campaign=techtwittersf&utm_source=twitter&utm_medium=social
Title says all; What I do like to see is a discussion about this.
What are your thoughts? Will they sell or will they hold? IF they sell, how big will the impact be on the bitcoinmarket?
I know it is all speculation but I love these discussions!
Throw in your emotions and thoughts.
Cheers,
Clyze
If you want to see discussion about it, here are two of many threads already doing so:
https://bitcointalksearch.org/topic/silk-road-bitcoin-stash-to-be-auctioned-421646
https://bitcointalksearch.org/topic/offically-announced-us-to-sell-silkroads-bitcoins-419716
And they aren't, most likely, going to sell on the open market as the previous threads will point out. Most likely they will negotiate a price between a major buyer(s) and simple transfer the coins. Second Market, Fortress, various hedge funds etc. The impact should be negligible.
The Feds Are Ready To Sell $25 Million of Bitcoin Seized From The Silk Road
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/?utm_campaign=techtwittersf&utm_source=twitter&utm_medium=social
Title says all; What I do like to see is a discussion about this.
What are your thoughts? Will they sell or will they hold? IF they sell, how big will the impact be on the bitcoinmarket?
I know it is all speculation but I love these discussions!
Throw in your emotions and thoughts.
Cheers,
Clyze
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/?utm_campaign=techtwittersf&utm_source=twitter&utm_medium=social
Title says all; What I do like to see is a discussion about this.
What are your thoughts? Will they sell or will they hold? IF they sell, how big will the impact be on the bitcoinmarket?
I know it is all speculation but I love these discussions!
Throw in your emotions and thoughts.
Cheers,
Clyze
If you want to see discussion about it, here are two of many threads already doing so:
https://bitcointalksearch.org/topic/silk-road-bitcoin-stash-to-be-auctioned-421646
https://bitcointalksearch.org/topic/offically-announced-us-to-sell-silkroads-bitcoins-419716
The Feds Are Ready To Sell $25 Million of Bitcoin Seized From The Silk Road
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/?utm_campaign=techtwittersf&utm_source=twitter&utm_medium=social
Title says all; What I do like to see is a discussion about this.
What are your thoughts? Will they sell or will they hold? IF they sell, how big will the impact be on the bitcoinmarket?
I know it is all speculation but I love these discussions!
Throw in your emotions and thoughts.
Cheers,
Clyze
http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/?utm_campaign=techtwittersf&utm_source=twitter&utm_medium=social
Title says all; What I do like to see is a discussion about this.
What are your thoughts? Will they sell or will they hold? IF they sell, how big will the impact be on the bitcoinmarket?
I know it is all speculation but I love these discussions!
Throw in your emotions and thoughts.
Cheers,
Clyze
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