downtime soon ?

[trogutithi]

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 ?

[slackcryptoz]

In my thinking that won't make a big impact, because the entire mined coins were considered while the demand to supply ratio is calculated. So it is hold anywhere doesn't matter and when it comes to circulation the price might rather grow than decreasing.

[darkangel11]

No. If there is a dump now it's because of a pre SegWit uncertainty. Many people are also dumping to add to the wave and cause more panic, so that they can buy more and be ready for a pump in a month or two.

Auctions used to be a big thing, but history has shown that people who buy at auctions don't dump. There was never a huge sell off after the auction, always before it and i'm sure there won't be one now. These people are not trying to buy at auction to earn a few $ per coin, they are hoping for a pump and millions in profit. You always sell when it's rising, when the liquidity is high and the buyers can take it without noticing.

[merchantofzeny]

Are you referring to those from the exchanges closed in China? If the amount of coins are large enough then yes, it might cause a price drop. No need to worry about that though, just think of it as an opportunity. You should be more nervous about August 1.

[John Wick]

Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.

[lionheart78]

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.

[timerland]

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 ?

Unlikely that this will happen.

This is the address in question:https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX.

The auctioning off of coins happened long ago, it's not even news right now. I thought maybe i missed something because I wasn't that active recently, so not able to keep up with the recent news but revealed no major auctioning happening in the near future.

Plus, a few thousand coins wouldn't hurt at all. Trading volume is hundreds of millions of dollars per 24h.

No. If there is a dump now it's because of a pre SegWit uncertainty. Many people are also dumping to add to the wave and cause more panic, so that they can buy more and be ready for a pump in a month or two.

Auctions used to be a big thing, but history has shown that people who buy at auctions don't dump. There was never a huge sell off after the auction, always before it and i'm sure there won't be one now. These people are not trying to buy at auction to earn a few $ per coin, they are hoping for a pump and millions in profit. You always sell when it's rising, when the liquidity is high and the buyers can take it without noticing.

Agreed, market uncertainty before a fork is always the major issue that contributes to a price nosedive.

[veleten]

extra coins are not the reason for the price drop,evidently,because it takes way more coins to manipulate the price on all
major exchanges+have enough resources to control and execute
this could be the agencie's doing,technically,they do posess the neccessary infrastructure and money and resources
but I still think the reason for such a volatility is manipulation+signals from uncertainty surrounding forks
of course it is being manipulated,but to have 10-15% drops or rises without a single reason would be too suspicious
and I'm sure the analysts of whoever are doing this will try to make it look organic and natural and to coincide with the"news"

[Betwrong]

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 ?

Firstly, why do you think they are going to dump those coins?

Secondly, even if they will, with $41+ billion USD Market Cap, selling $2.5 billion USD worth of Bitcoin won't have a big impact on the price. It will certainly have some, but it will last not more than several days.

[gabmen]

Hat would probably have very minimal effect on btc price and even if does, it's unlikely it will go below 2k. A lot of people are now looking into btc investments and the more of these people invest he more the price would either stabilize or go up. So i don't think there's anything to really worry about

[Sled]

I think yes there will be a downtime because of the possible increase on the supply which can be added to the market and get dump because of the hype of panic selling right now but it will be just a short period effect because there will still a good chance for pumping the price in the long run because the demand is enough to cover all the possible increased supply.

[Golftech]

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 ?

Firstly, why do you think they are going to dump those coins?

Secondly, even if they will, with $41+ billion USD Market Cap, selling $2.5 billion USD worth of Bitcoin won't have a big impact on the price. It will certainly have some, but it will last not more than several days.

that's also what im thinking its just part of bitcoin in circulations there's still a lots of supporters and big players that will buy it and will continue to rise the value as of now its better to wait than to create some panic to those newcomers and it would not help either way better to keep assessing if the impact will feel inside the trade.

[buwaytress]

1,000 BTC being dumped? There's an hourly demand for 100 BTC on loans on Poloniex alone. If they're auctioned, it'll also be private and not on exchanges, so there won't be any effect on the market. Even if it were sold on an exchange, any spike or dip would be limited to a few seconds, minutes at best.

[LeGaulois]

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 have not read any news regarding this. Do you know if the auction(s) is/are going to be public or private? Even if the auction is public (in case the 1000BTC are in auction all at once) I dont think we are going to see something huge with tha bitcoin value. Maybe a small decrase for some hours but nothing important

[mindrust]

If those coins to be auctioned, the people who'll buy them will be holding their coins for a bigger profit.

Buying from the gov and dumping them away instantly wouldn't make any sense, isn't it? I mean If they were to dump what they bought, why buy in the first place?

There is nothing to worry.

[E-shipper]

Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.

The market is already cracking and I do not know what to expect tomorrow. Look only at what prices today have tokens. The thing is that yesterday we saw a huge fall, and today we are gradually beginning to get out of the negative. If this goes on, then it will be a good trend.

[ASHLIUSZ]

Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.

The market is already cracking and I do not know what to expect tomorrow. Look only at what prices today have tokens. The thing is that yesterday we saw a huge fall, and today we are gradually beginning to get out of the negative. If this goes on, then it will be a good trend.

Yeah from the starting of the past week things were happening in the decreasing side and just by today after continuous minor fluctuations the price has given a rise. So downtime could happen anytime soon or else it might cause for a price pumping in the falling weeks.

[CuriousGeorge]

Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.

The market is already cracking and I do not know what to expect tomorrow. Look only at what prices today have tokens. The thing is that yesterday we saw a huge fall, and today we are gradually beginning to get out of the negative. If this goes on, then it will be a good trend.

Yesterday the FUD was succesful to driving the price down. As far as i know, there are some hoax has spread by those are against ethereum to make the market gets panic and try to do a panic sell.
This time the price gets recover and those FUDders are taking huge money.

[warrior333]

Your opinions are indicating true downtime but the it's not narrow as we think. There is more of it that could cause us think we have more way to downtime.

The market is already cracking and I do not know what to expect tomorrow. Look only at what prices today have tokens. The thing is that yesterday we saw a huge fall, and today we are gradually beginning to get out of the negative. If this goes on, then it will be a good trend.

Many people expect that their investment in coins will be long-term. They are jumping the prices are not crucial. It is only for a limited number of speculators problem. Those who by chance has bitcoin not trust him becomes an easy prey for speculators.

[Amph]

1000 bitcoin is a joke won't do anything to the current market, if you want to destroy the bitcoin value you need something like 500k or 1m

and because there is, i think no exchange holding this huge amount it's not possible for anyone to hack and stole or to have this amount in any way