alphabay taken down how will it effect price of bitcoin

Quote from: HI-TEC99 on July 23, 2017, 09:40:49 PM

Quote from: Pearls Before Swine on July 23, 2017, 07:13:22 PM

Nothing much is going to happen...that's my guess. FBI will end up with the illicit proceeds and will sell them somehow, but that shouldn't affect the price.

Do you have any idea how many coins the FBI seized? If it was a massive amount I'm sure there would have been more publicity about it. I haven't yet found a single article about it that gives an estimated number. Unless it's some massive amount I doubt it will affect the price, and the articles I read said at least one of the guys running it bought lambos and mansions. It doesn't sound like he was HODLing.

1600 BTC from AlphaBay.

https://assets.documentcloud.org/documents/3898109/AlphaBay-Cazes-Forfeiture-Complaint.pdf