Bitcoin Forum
May 06, 2024, 08:33:24 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Economics > Speculation > Silk Road Bitcoins Auction
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Silk Road Bitcoins Auction  (Read 542 times)
Laosai (OP)
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


View Profile
November 04, 2015, 04:16:46 PM
 #1
So tomorrow will be the date to take place of the online auction of 44,341 BTC from the silkroad by the US Marshalls Services(reference: http://www.coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/)

I'm just wondering, will this affect bitcoin price? If yes, how? Will bitcoin price go down or will continue going up? What do you think?
1714984404
Hero Member
*
Offline Offline

Posts: 1714984404

View Profile Personal Message (Offline)

Ignore
1714984404
1714984404
Reply with quote  #2
1714984404
Report to moderator
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714984404
Hero Member
*
Offline Offline

Posts: 1714984404

View Profile Personal Message (Offline)

Ignore
1714984404
1714984404
Reply with quote  #2
1714984404
Report to moderator
Meuh6879
Legendary
*
Offline Offline

Activity: 1512
Merit: 1011



View Profile
November 04, 2015, 04:18:28 PM
 #2
no actions are dump after a sale ...
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3013


Welt Am Draht


View Profile
November 04, 2015, 04:18:41 PM
 #3
I think this time around the auction will have to bow to the rest of the market. It's busy doing its own thing and cares not for these things right now.
MrBig
Sr. Member
****
Offline Offline

Activity: 369
Merit: 250



View Profile
November 04, 2015, 04:39:39 PM
 #4
Alley
Legendary
*
Offline Offline

Activity: 910
Merit: 1000


View Profile
November 04, 2015, 05:03:44 PM
 #5
I think the winner will be some bitcoin supporter or business as with previous winners and they will have no desire to dump the coins.  Rather use the coins to make more money.
Pages: [1]
  Print  
Bitcoin Forum > Economy > Economics > Speculation > Silk Road Bitcoins Auction
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!