DPR's Bitcoin Stash future sell off by the gov't panic ensues ..

[bbit]

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Gov't is spooking the cryptomarket on purpose....  HOLD TIGHT DAMN IT!

“The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said.

LOL

[proudhon]

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Gov't is spooking the cryptomarket on purpose....

...So that they can get less for the assets than they would have otherwise?  In any event, this isn't even the worst news of the day, since sources have disclosed that the Chinese and US governments have entered an agreement whereby they work to filter out and block all cryptocurrency network traffic.  Look it up.  It's been confirmed via sources.

[Realpra]

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Gov't is spooking the cryptomarket on purpose....

...So that they can get less for the assets than they would have otherwise?  In any event, this isn't even the worst news of the day, since sources have disclosed that the Chinese and US governments have entered an agreement whereby they work to filter out and block all cryptocurrency network traffic.  Look it up.  It's been confirmed via sources.

Proudhon returns!

Well Im happy for nice buying prices, keep the bans flowing.

[BurtW]

First FUD lie found in the article:

In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks. Ulbright has given the U.S. government the private keys to the bitcoins.

“The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said. The wallets are publicly visible here and here.

The two FBI Bitcoin addresses linked to in the article show no movement:

https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX?filter=1

https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH?filter=1

At least come up with a lie that cannot be so easily checked!

[QuestionAuthority]

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Gov't is spooking the cryptomarket on purpose....

...So that they can get less for the assets than they would have otherwise?  In any event, this isn't even the worst news of the day, since sources have disclosed that the Chinese and US governments have entered an agreement whereby they work to filter out and block all cryptocurrency network traffic.  Look it up.  It's been confirmed via sources.

Proudhon returns!

Well Im happy for nice buying prices, keep the bans flowing.

Proudhon got banned? I was wondering what all the panic posts were about. You pissed Proudhon?

[EvilPanda]

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Gov't is spooking the cryptomarket on purpose....  HOLD TIGHT DAMN IT!

“The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said.

LOL

Yeah they are going to register a bitstamp account as "Mr.GOV" and sell bitcoins, why? Oh yea, they need monies because their printing presses run out of paper.

[BurtW]

Sources have disclosed that the Chinese and US governments have entered an agreement whereby they work to filter out and block all cryptocurrency network traffic.  Look it up.  It's been confirmed via sources.

Link or it did not happen.

[Posternut]

Just say they did start selling off large amounts at a time. How would that affect the market?

[mrdavis]

Sources have disclosed that the Chinese and US governments have entered an agreement whereby they work to filter out and block all cryptocurrency network traffic.  Look it up.  It's been confirmed via sources.

Link or it did not happen.

His post without links is just as credible as a post with links to the type of reporting his satire is pointing at.

[BurtW]

Sources have disclosed that the Chinese and US governments have entered an agreement whereby they work to filter out and block all cryptocurrency network traffic.  Look it up.  It's been confirmed via sources.

Link or it did not happen.

His post without links is just as credible as a post with links to the type of reporting his satire is pointing at.

True, even with a link it probably did not happen.  With no link for sure it did not happen.

[BurtW]

Just say they did start selling off large amounts at a time. How would that affect the market?

If they sell it all at one time then some of my "hail mary" buy orders will trigger.  Then the price would bounce back.  I hope they do sell it all at once - but they won't.  As discussed many, many times the FBI has a protocol for cashing in the stuff they take - they auction the stuff off.  They will eventually auction the BTC off.

[Peter R]

This story contains zero information. 

Like BurtW proved above, the coins are not "on the move."  They are sitting where they've been sitting since the seizure and not a single satoshi has been withdrawn. 

The words "faith" and "managing volatility" are nonsense as well.  The FBI will follow established procedures and sell the coins at auction, regardless of whether or not they have "faith" in the seized good, and regardless of the "volatility" of its market price. 

[EvilPanda]

This story contains zero information. 

Like BurtW proved above, the coins are not "on the move."  They are sitting where they've been sitting since the seizure and not a single satoshi has been withdrawn. 

The words "faith" and "managing volatility" are nonsense as well.  The FBI will follow established procedures and sell the coins at auction, regardless of whether or not they have "faith" in the seized good, and regardless of the "volatility" of its market price. 

Unfortunately btc community is full of scared mice and the cats love to mess around. Just 2 days ago they were pumping (fake facebook adoption) and today dumping (FBI sale). You people should get used to it and calm down.

As far as the procedures go they may take years and the new buyer might just be a hodler. Ever seen an evidence storage? You'd probably find Al Capone's money in there.

[beetcoin]

If you have a large portion of your holdings in btc, you probably should lessen the load and calmthe fuck down. So many people investing are such vaginas and panic over anything.

[solex]

This non-story has had zero impact in the market.

The market has corrected because it overran to the upside. Happens every week in Bitcoinland.

DHS said at the Senate hearing they would auction the seized coins *if* they decided to sell. Senate testimony is much more reliable than internet articles.

[proudhon]

This non-story has had zero impact in the market.

The market has corrected because it overran to the upside. Happens every week in Bitcoinland.

DHS said at the Senate hearing they would auction the seized coins *if* they decided to sell. Senate testimony is much more reliable than internet articles.

Not when the article mentions sources.  You can do anything you want to the price of bitcoin with sources, BTW. 

[TheButterZone]

So many people investing are such vaginas and panic over anything.

https://www.youtube.com/watch?feature=player_embedded&v=U8QKGwb3c5I#t=90

[BTCisthefuture]

Just say they did start selling off large amounts at a time. How would that affect the market?

Good question.   It would probably have a short term impact on the prices decreasing. Might even lead to some panic selling.  But as soon as word started to spread that it was simply the fbi selling their bitcoins back to the market and not a price drop because of anything negative in regards to bitcoin then i would assume the prices would bounce back up pretty quick.

Just my thoughts.

[nodroids]

Sources have disclosed that the Chinese and US governments have entered an agreement whereby they work to filter out and block all cryptocurrency network traffic.  Look it up.  It's been confirmed via sources.

Link or it did not happen.

His post without links is just as credible as a post with links to the type of reporting his satire is pointing at.

LOL, all too aprepo. I love the shake-'em-loose-crowd, like we haven't been through it 20 times in the last year.

[Kungfucheez]

I never really understood the whole "Government is against Bitcoin" debate. It just doesn't make sense to me.