If they do, when will the FBI announce to sell their alledged 600k BTC stash?

[Marbit]

i don't know how easy it will be to find out when they are doing it, before they do it

They actually announce it. It is in their best interest to bring as many people as possible.
They have this website: http://gsaauctions.gov - where they auction off stuff.
You can see upcoming auctions for up to 1 month in advance.
Anybody can register and place a bid - credit card and verification required.
I've bought few cars from there. Pretty smooth experience.
I'm sure once they announce the sale of BTC - there will be news all over the place.
However, that is a pretty long time from now (few years?)

wow, i had no idea it was that easy to find info about and participate. thanks for the information!

[Peter Lambert]

Are you asking:

When will they sell the bitcoins
OR
When the will make the announcement that they (in future) are going to sell those coins?

In the latter case, the announcement has been made already..

*moan* I guess people are still misreading the headline AND my description (not necessarily directed at you kiky).
Of course I ask for the date when they will ANNOUNCE that they intend to sell their 600k BTC stash, not for the date when they will actually sell it.

See, the mere announcment could wreak havoc over the market and deal some hefty blows to any upwards movement there is. And then once again when we near the day of the allegded sell off.

The headline and OP are poorly worded, and why can't we change our vote? I voted for "after the trial", because that is when they will sell the bitcoins. But now I realize that I should have voted for - oh, wait it's not even an option - "they already did". They have already said that they will sell the bitcoins after the trial, so this whole poll and thread are complete and utter rubbish.

The auction site allows people to use a credit card? This might be the long awaited way for people to use a credit card to buy bitcoins!

[crazy_rabbit]

By law they can't take DPR's property until after a trial. It's still his until proven it's illegally gained.

That said, I doubt they will dump it on GOX. They will call Citibank, slice it up nicely and auction it to the Chinese.

[subcoin]

The auction site allows people to use a credit card?

Yes, this particular one does allow it (2% fee when buying cars).
They include an extensive agreement. Doing charge-back is not wise.
I'm not sure if they will use this website or maybe they have some other one.
Sometimes, they also do $5k money order participation per-payment.
Meaning, you would need to give them $5k money order to be able to place bids.
If you win, this $5k goes towards the winning bid.
If don't win, they give it back to you.
But that's for high-end items: yachts, exotic cars, properties.

For BTC, I think they will do cash offers only (actual cash, money orders).
This would be great for buyers because the prices will be lower.
Not that many people will shell out $10ks in cash and money orders,
just to have a change to bid on some BTC.
In this case I would expect prices to be 50% off...

But again, we are talking years ahead.
Who knows what's going to become of BTC 3 years from now.

[LilGhost]

I doubt the FBI will sell them back because they're evidence.

[jabetizo]

moved their money they did.... Why I do not know....

https://blockchain.info/tx/011c3ab10f8fcf815fe19ad1f44be47da372654c861a5b338dcb35aa4d094573

How was it established that this is FBI's address? I thought it was only 1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX.

[BCB]

The US Government is required by law to announce it.
http://www.treasury.gov/auctions/treasury/rp/