There is something that I don't get on those Auctions honestly , first is why they don't keep the bitcoins for the goverment second thing even if they want to sell them , why they don't sell them simply on a exchange or something they are the fucking goverment they can do whatever they want, why auction them to get lower amount?
make no sense to me
While there are exchanges that would be actually usable by them now such as Itbit, do you really think the US government is going to want to fuck around with slippage and waiting for bank transfers? It would take days to sell them all and they'd have to monitor it constantly.
They auction everything. That's just how it goes. The last thing they'll want to do is keep them.
And there's just as much chance they'll go for more than less. The opportunity to buy that many coins without mangling the market doesn't come up all that often.
44,336 BTC is a big amount.
Everytime Bitcoin's price seems to be stabilizing, the US government seems to dump a pile of coins into the market.
They don't hit any public markets and previous sales ended up in the strongest possible hands. The first auction caused some jitters for people who couldn't be bothered to think it through. This one's effect will be negligible.
