downtime soon ?

[wantjokull]

Ahh, I don't think that it will affect the price of bitcoin really. May be this scenario may turn upside down. The circulation of bitcoin will attract more investors to get them at lower price, or when the price will be lowered due to circulation of so many bitcoins. So it will get into dump initially and then will rise to bigger price after investors start putting up their fat wallets for it.

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[audaciousbeing]

there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties

if i remember correctly Silkroad admin alone had 300+ BTC..

now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?

I want to even understand how it will be auctioned because only the physical coin I know can be auctioned and if that should happen, it could even be more than the current price for anyone who is lucky to redeem such. So if that should happen if I for example should buy at a price above the current price then I wont redeem it immediately because that would mean incurring a loss then I would have to wait till the time the price would reach what I am comfortable with before redemption that also points to the fact that not all 300btc will be released to the market at one so there is no cause for any alarm.

[Yakamoto]

Ahh, I don't think that it will affect the price of bitcoin really. May be this scenario may turn upside down. The circulation of bitcoin will attract more investors to get them at lower price, or when the price will be lowered due to circulation of so many bitcoins. So it will get into dump initially and then will rise to bigger price after investors start putting up their fat wallets for it.

Auctions are just future speculation trends from large investors, they rarely bring in a new-found interest and are rather indicators of confidence from people with a lot of money and what they are expecting from Bitcoin. Bearish investors would aim to go for spot value or lower than spot, bullish would have no problem bidding higher against spot value.

[Barbarian]

there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties

if i remember correctly Silkroad admin alone had 300+ BTC..

now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?

There are more than 16 million coins at the moment, even if we assume  a big amount of those coins are lost that amount is tiny compared to the full supply of bitcoin, I will not be surprised if some users in this forum had a lot more coins than that.

[cryp24x]

there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties

if i remember correctly Silkroad admin alone had 300+ BTC..

now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?

There are more than 16 million coins at the moment, even if we assume  a big amount of those coins are lost that amount is tiny compared to the full supply of bitcoin, I will not be surprised if some users in this forum had a lot more coins than that.

It is not a news that some pioneer of this forum holds more than the coins that is being auctioned.  They get bitcoin at a very cheap price, some probably get it at less than 1 USD.  Aside from that I do not think that this bitcoin to be auction will affect the price of bitcoin in the market unless they sold it directly on the exchange eating buywalls of people, but I believe it will recover easily if that thing happen.

[Hypnosis00]

I don't think that there is a downtime but if its occurs then i will just buy more and i will not sell anything because my goal is to hold a lot of coins as much as i can and sell them after at least 3 years of holding. That is my goal for this year and i don't think that it is best to short now because shorting will not make me millionaire but long term holdings will do.

[Dontme]

I do not think that this coins that is auctioned will have an effect to the current price of Bitcoin.  Auctioned means it will not touch the exchanges thus does not affect the bitcoin trading directly during those times.  Aside from that I believe when something is auctioned, the possibility of selling it above the current price is very possible, meaning the winner wont sell this set of coins at a lost.

I think so, how could auctioned affect the price. Yes your right maybe there are some coins that possibly affected but btc will not. I beleive that there is a strong foundation and the downtime will not be right now because as far as I know as bitcoin is concern there is a great plan that in 2020 people will use bitcoin as their money.

[Betwrong]

I don't think that there is a downtime but if its occurs then i will just buy more and i will not sell anything because my goal is to hold a lot of coins as much as i can and sell them after at least 3 years of holding. That is my goal for this year and i don't think that it is best to short now because shorting will not make me millionaire but long term holdings will do.

Good strategy, mate, and I honestly think you won't lose. If you strongly decided to hold it whatever happens, then just stick to your decision and only 3 years later start thinking whether to sell a part or not.

[freedomno1]

Small amounts do not impact the market in any significant shape or form given the global trading volumes that we have now.
It is only collective actions from big whales and groups that hold real sway in the prices.
Kind of changed over the years as more users entered the system.

[raven7886]

Small amounts do not impact the market in any significant shape or form given the global trading volumes that we have now.
It is only collective actions from big whales and groups that hold real sway in the prices.
Kind of changed over the years as more users entered the system.

When userbase goes strong, whales will lose their power. Small amounts from larger community may bring differences against any big whale too.

[BTCjust]

If you mean SEGWIT, then you may be disappointed.

[pacifista]

maybe this news will create a small impact on the bitcoin price .from 2600 down to 2500.  . 1000btc  cant even make an impact on btc price,

[Kevin77]

I believe that would not cause a downtime in price, it will just cause a big dump that is very normal in cryptocurrencies when their values are high. But if the winner would just hold those bitcoin, then nothing will ever happen because they will just send all those bitcoins to the winner, nothing more. Maybe those coins are what cause the correction today because by now I think they have already been auctioned.

Yes the pump and dumb both are common for the cryptocurrency market. People who are investing in the cryptocurrency know it much better that the cryptocurrency is a highly volatile.
We don’t know when will the prices go down and when the prices will remain going up. These are all assumptions about the prices some people think they will go up while the others think will go down, based on personal analyses which may not be right most of the time.

[darthmaul]

I believe that would not cause a downtime in price, it will just cause a big dump that is very normal in cryptocurrencies when their values are high. But if the winner would just hold those bitcoin, then nothing will ever happen because they will just send all those bitcoins to the winner, nothing more. Maybe those coins are what cause the correction today because by now I think they have already been auctioned.

yeah right those who able to buy those coins will be the winner in the long run as we knew that 1000 btc is just a small percentage with the current numbers of circulating right now and even that numbers already been sold it will still survive and there's no big impact the more they sold it in this dump price the more holders will buy it and take the chance.

That is what I said earlier with this discussion. In any way circulating more bitcoin doesn't mean falling of its price or asset value. On the other hand its just water drop in the ocean which no one can even feel. People will actually start investing into bitcoin due its high volume in the circulation. It might get more value if this really happens and everybody will hope to gain profits with this.

[jtipt]

maybe this news will create a small impact on the bitcoin price .from 2600 down to 2500.  . 1000btc  can't even make an impact on BTC price,

Yeah a few thousand BTC will hardly make any difference to the price, as far as I know a lot of coins are just burned daily because of some reason or other. 1000 BTC will not do anything to the price, no will even care about it.

[pealr12]

Downtine? maybe next year.  I dont  see right now  that bitcoin  will go back to 1000$  before this year  ends. Im pretty sure bitcoin will continue to climb up again at 3000$

[DarkIT]

Hoping it does not happen, and expect the up time to happen. Well, seeing the current high prices makes me always think that bitcoin prices will surely go up higher, and if the price goes down, it probably will not be less than $ 1900.

[Clement Kaliyar]

there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..does it mean we can expect a huge decrease in BTC rate in future ?

I do not think that thousand bitcoin could make any difference in the price,even if it is auctioned they will be selling at a very good price,so what is the problem in that,this is not the first time a auction is being conducted to sell bitcoins by the authorities,so there is nothing to worry here.

Downtine? maybe next year.  I dont  see right now  that bitcoin  will go back to 1000$  before this year  ends. Im pretty sure bitcoin will continue to climb up again at 3000$

What makes you think that there will be a downtime next year,if you have any valid reason to think that,let me know what that is,because i am not aware of any bug that will take the network down.

[tigershark]

there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties

if i remember correctly Silkroad admin alone had 300+ BTC..

now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?

I think it could depend on how much money the coins sell for. If they are auctioned and they are sold at a lower price than we see on the exchanges, then it could make the price drop. If they are sold at about the exchange price, I don't think it would make a big difference.

Another thing to consider is that any non-negative publicity for bitcoin is good. If it is advertised that bitcoins will be auctioned off, it increases the exposure for bitcoin like having free advertising.

[streazight]

Just for one exchange the amount of coins sold at the same time(a dump)can be over 5,000 BTC within minutes to 30 minutes. On a daily basis 300 BTC is traded across all exchanges combined probably every few minutes. At just one exchange selling 300 at a time might cause a few dollar price drop for an hour.

There may be some other good reason as well. This suggestion may not work because the exchanges are here to facilitate the buy and purchase process, and this is what from where they earn profit so if we limit the exchange to this low volume of trading then I guess the transaction fees will shoot high because the exchanges will then charge high fee for the services they provide you. This can lead to another issue.