Bitcoin Forum

http://www.coindesk.com/us-marshals-1-6-million-bitcoin-auction/

Time to sell Bitcoin and get profit on 22/8 ?

It's will not giving a serious impact for bitcoin but just become a hot news in media and that's good to become a media to advertise the bitcoin.
I never think just cause by the bitcoin auction is will giving a big impact can affect their value. ???

The US Marshals Service (USMS) has sold 44,341 BTC (worth approximately $10.6m at press time) last time and it hardly made any dent in the price... So this will not have any significant impact on the

price this time around. We should actually look forward to these events, because it puts stagnant coins back in circulation and when these events happens, the price usually goes down, and we can buy

bitcoins at cheaper prices for a while. It is also out of the governments control, which is also a good thing in the end.  ;)

The last time this happened it was the FBI and that didn't affect the price too much so why would this  similar auction have an impact either?  ???
It is just not a logical way to think if you really think about it. :-\

Don't think it will have that much of an impact since $1,600,000 is only worth about 2700 BTC at current price. Definitely not an amount to worry about.

Well, it's like always with those news. People expect a dump and a dump end sup happening, even tho 1.6 million is shit nothing nowadays for Bitcoin, the market can absorb it easily.