Bitcoin Price - FBI sales

[Spendulus]

My guess regarding the declining prices is that some of the large lots of bitcoin bought at the FBI auction are being dumped back on the market at a loss by the speculators who bought them.

[michaeladair]

This is a good speculation that could very well be true. Bitcoin is not essentially being devalued by it's customers, it's just that the price is going down due to more coin going into the flow‽

Along with some people devaluing it because the price is going down and they are confused.
But nobody cares about the traitors... lol

[Spendulus]

This is a good speculation that could very well be true. Bitcoin is not essentially being devalued by it's customers, it's just that the price is going down due to more coin going into the flow‽

Along with some people devaluing it because the price is going down and they are confused.
But nobody cares about the traitors... lol

Yeah.  Just the dumping of coin.  In the last six months there has been steady good news on bitcoin - large scale merchant adoption, one after another.  There has been, worldwide, "the light going on" in governments and their shills and their people about the existence of the virtual currency, it's goods and bads from their point of view.

That's all good. 

So I'm going to say it's the coins stolen from the Silk Road userbase by the FBI, then sold at auction.  At what price, $800+?  Those were investors and they are likely all getting out.

[flipstyle]

It's a classic market bubble cycle.  No more, no less.

[michaeladair]

This is a good speculation that could very well be true. Bitcoin is not essentially being devalued by it's customers, it's just that the price is going down due to more coin going into the flow‽

Along with some people devaluing it because the price is going down and they are confused.
But nobody cares about the traitors... lol

Yeah.  Just the dumping of coin.  In the last six months there has been steady good news on bitcoin - large scale merchant adoption, one after another.  There has been, worldwide, "the light going on" in governments and their shills and their people about the existence of the virtual currency, it's goods and bads from their point of view.

That's all good. 

So I'm going to say it's the coins stolen from the Silk Road userbase by the FBI, then sold at auction.  At what price, $800+?  Those were investors and they are likely all getting out.

Yeah, well I will always stay bitcoin strong. I just saw some news today about a place in Germany making free 3d printed bitcoin accepting machines. That made my whole week!

[odolvlobo]

My guess regarding the declining prices is that some of the large lots of bitcoin bought at the FBI auction are being dumped back on the market at a loss by the speculators who bought them.

Do you have any information to back you up or are you just making this up? Do you even know who bought the coins?

[Fernandez]

Its declining as there is no new money to hold it up, new coins being mined and dumped, and early adopters cashing out part of their fortune. There is no need to try and pick out one reason.

[hdd3go]

No,it doesn't.

All about the price is the result of the free market. If people are still believe in Bitcoin, then FBI sales can't make such a big drop like this ,market will eat their selling orders and the price rise back as well. But unfortunately ,It's doesn't.

[haploid23]

Actually, it's crashing because the stolen Gox coins, stolen bitstamp coins, siezed FBI coins, all being dumped at exactly the same time.

Oh don't forget about satoshi, he's dumping his coins too.

[seriouscoin]

Actually, it's crashing because the stolen Gox coins, stolen bitstamp coins, siezed FBI coins, all being dumped at exactly the same time.

Oh don't forget about satoshi, he's dumping his coins too.

Fucking BS, show me his coins moving or STFU

[Fernandez]

Actually, it's crashing because the stolen Gox coins, stolen bitstamp coins, siezed FBI coins, all being dumped at exactly the same time.

Oh don't forget about satoshi, he's dumping his coins too.

Fucking BS, show me his coins moving or STFU

You need a new sarcasm detector.

[haploid23]

Fucking BS, show me his coins moving or STFU

lol you took me serious. Not surprising though, seeing how your name is seriouscoin.

No, the real reason it's crashing is because I took a dump.

[seriouscoin]

Actually, it's crashing because the stolen Gox coins, stolen bitstamp coins, siezed FBI coins, all being dumped at exactly the same time.

Oh don't forget about satoshi, he's dumping his coins too.

Fucking BS, show me his coins moving or STFU

You need a new sarcasm detector.

I had it on, but my ISP apparently blocked it.