usa police will sell bitcoins for billiards of usd so bitcoin will be killed to

[lovebtclss]

usa police will sell bitcoins for billiards of usd so bitcoin will  be killed totally

agree ?

[BestSumo]

Where do you think police have billions of bitcoin stored?

[HeRetiK]

Where do you think police have billions of bitcoin stored?

I guess OP is referring to the seized silk road coins, most of which already have been sold in 2013 - 2015.

Apparently more than BTC 288,000 in total:
https://en.wikipedia.org/wiki/Silk_Road_(marketplace)#Arrest_and_trial_of_Ross_Ulbricht

Well played, well played.


Whatever BTC the FBI has left, if any, would be hardly noticable in today's market.

[emuLOAD]

As long as they don't sell 'em for snooker tables, we're safe.

PS: Even if the DOJ still had major reserves of Bitcoin to sell (though I don't think they do, the major auctions have already taken place years ago), it wouldn't destroy the market. It would just increase liquidity at best.

[flippener]

Nothing to see here, move along.

[BUSTEDCLUB]

If only half of it they have right now, they will likely sold it under hand. no one know and boom they take it for their self

[Pursuer]

every time there is an auction some random people say the same thing, of course usually they say price will drop but OP went all out with his FUD and said bitcoin will be killed LOL.
and the funny thing is that price has never even moved because of this type news to this date whereas technically speaking a news like this can cause a dip of small size like 5%-10% but so far it has never happened.

and it is for a good reason too. these coins are not auctioned to be sold on the exchanges. and it is not small amounts. it is a large amount of bitcoin bought by only one person and that one person should be brain dead to even try and sell what he has just bought off the market on the market to crash his investment.

[stompix]

usa police will sell bitcoins for billiards of usd so bitcoin will  be killed totally

agree ?

They will sell bitcoins for billiards?
Man they are stupid, they should sell them for pizza!!!!

Where do you think police have billions of bitcoin stored?

You know those tiny holes billiard table have? That's their hiding place!!!

Where do you think police have billions of bitcoin stored?

I guess OP is referring to the seized silk road coins, most of which already have been sold in 2013 - 2015.

Apparently more than BTC 288,000 in total:
https://en.wikipedia.org/wiki/Silk_Road_(marketplace)#Arrest_and_trial_of_Ross_Ulbricht

Well played, well played.


Whatever BTC the FBI has left, if any, would be hardly noticable in today's market.

It's about this:
https://www.usmarshals.gov/assets/2018/bitcoinauction/

This sealed bid auction is for approximately 3,813.0481935 bitcoins (structure details below). The required deposit to participate in this auction is $200,000.00 USD.

Probably they will end up selling them at a higher price than the market price, it won't be the first time.

[HeRetiK]

I guess OP is referring to the seized silk road coins, most of which already have been sold in 2013 - 2015.

Apparently more than BTC 288,000 in total:
https://en.wikipedia.org/wiki/Silk_Road_(marketplace)#Arrest_and_trial_of_Ross_Ulbricht

Well played, well played.


Whatever BTC the FBI has left, if any, would be hardly noticable in today's market.

It's about this:
https://www.usmarshals.gov/assets/2018/bitcoinauction/

This sealed bid auction is for approximately 3,813.0481935 bitcoins (structure details below). The required deposit to participate in this auction is $200,000.00 USD.

Probably they will end up selling them at a higher price than the market price, it won't be the first time.

Interesting, makes sense that they were able to seize additional bitcoins from other investigations. Just short of 4,000 BTC is kinda cute though. If they were to sale those coins on regular exchanges like the rest of us that would account for a whopping 0.5% of daily trading volume. That's quite a kill switch indeed.

I wonder if they sell the fork coins along with it? BCH alone would account for another USD 10,000,000,- on top.

usa police will sell bitcoins for billiards of usd so bitcoin will  be killed totally

agree ?

They will sell bitcoins for billiards?
Man they are stupid, they should sell them for pizza!!!!

According to Amazon you can get a fancy pool table for USD 3,000.

BTC 3,800 * USD 14,500 = USD 55,100,000 / USD 3,000 = 18,366 pool tables.

That would be enough for me to play on a different, brand new pool table every day for the rest of my life.

Not a bad deal to be honest.

I don't play pool tho

[stompix]

I wonder if they sell the fork coins along with it? BCH alone would account for another USD 10,000,000,- on top.

Wow, nice catch!!!
So they say

No bitcoin transfer will be made until the USMS has confirmed receipt of all purchase funds. The bitcoin transfer process will begin immediately following receipt of purchase funds. The winning bidder will be given private instructions related to the transferring of the bitcoins.

The USMS will only sell and transfer the bitcoins in a single block to a single bitcoin address.

They clearly are going to sell only BTC.
They will transfer the BTC to you, so you won't be able to redeem fork coins.

That's to bad.
If they would have been selling the initial wallets they seized then the bids out have been at least 2500$ over the market price.
That would have been some pretty nice headline in the news.

But unfortunately ...no

According to Amazon you can get a fancy pool table for USD 3,000.
BTC 3,800 * USD 14,500 = USD 55,100,000 / USD 3,000 = 18,366 pool tables.
That would be enough for me to play on a different, brand new pool table every day for the rest of my life.

Not a bad deal to be honest.
I don't play pool tho

So, as I said, go with pizza. Quick math and that will give you around 100 triple box treats from PizzaHut for each day of the rest of your life.  

[Glutius]

usa police will sell bitcoins for billiards of usd so bitcoin will  be killed totally

agree ?

The US does not manage all the bitcoins. If such an event occurs, we can only see a temporary drop in the price of the Crypto currency, but then they will necessarily grow back. Well, this event will not be beneficial to someone.

[swissgang]

Nothing to see here, move along.

  I agree, this is free market and no one is alone strong as to kill the market. I think even someone with a million bitcoin cannot kill the market, market recovers in a short time.

[pugman]

usa police will sell bitcoins for billiards of usd so bitcoin will  be killed totally

agree ?

Pfft. Kill bitcoin, you can try. US police doesn't have much bitcoin and not all of them know on how to use it. Even governments can't Rey "killing bitcoin", what the heck will USA police do? Such lame questions, good lord, how do you manage to come up with these. Enough with this already. Go and have a candy.

[vicemi]

billiards - lol

[Prem.Soorajpaul]

Basically, bitcoin it is not so popular in US. most of the bitcoin investor are non american. US will not support to bitcoin as it is the main threat for the US dollar monopoly. I believe, promoting bitcoin might be the idea to reduce the US dollar monopoly form the world market. So no need to wary.

[pentol86]

they sold all bitcoins for billiards table? right? why not sold with some coffe or breakfast?  

it will fail, maybe they is bigest holder, but market and community still lead

[D D zee]

ye that's funny thinking about it now, but I bet none of you guessed the price would go up so much. anyway even if they kept all their seized coins I don't think they would affect the price dramatically, maybe abit but nothing noticeable.

[darkangel11]

So, as I said, go with pizza. Quick math and that will give you around 100 triple box treats from PizzaHut for each day of the rest of your life.  

And obesity followed by a heart attack from all that dough with cheese after 10 years of stuffing yourself with 3 pizzas a day... You better invite some women for a pizza and get some children on the way or those coins will end up back in the government's hands

If they are selling then somebody will be buying, right? How does that destroy BTC? There were many auctions in the past, did they destroy BTC?
People who bout at all the previous auctions are now even richer than before. Also, off-exchange trading doesn't impact the price.

[krauzzer02]

usa police will sell bitcoins for billiards of usd so bitcoin will  be killed totally

agree ?

USA authorities should sell bitcoins for pizzas of USD, not billiards of it as they can get 15 colored set of balls, one table and cue sticks to play they will regret to sell that bitcoin over billiards of usd 
where the hell can they get a large amount of volume bitcoin to sell in order to kill as if the exchanges will agree about this, they better play some billiard games to kill their boredom rather than to mess with bitcoin.

[Murloc]

According to Amazon you can get a fancy pool table for USD 3,000.

BTC 3,800 * USD 14,500 = USD 55,100,000 / USD 3,000 = 18,366 pool tables.

That would be enough for me to play on a different, brand new pool table every day for the rest of my life.

Not a bad deal to be honest.

I don't play pool tho

Sorry mate but I would have to disappoint you. Their stock is probably not big enough to provide 18,366 pool tables. Maybe it is better to set up your own manufacture for that money.
Anyway everyone why think that the auction on those BTC will dump the price should understand that the auction will be held outside the crypwo market. Which means that the BTC rate will still remain at the same point untill the winner will dump his coins in a single time (which will be a stupid move).