If FBI dumps 144,000 bitcoins, bitcoin will crash once & for all!

[Lloydie]

Bitcoin's market cap is total bullshit. Just a small fraction of all bitcoins can severally crash the price. In most traditional markets this is not possible at all.

And vice versa. Let Wall Street make it "traditional" in 2014.  

Long live the Winklevii bitcoin trust!

[Dalmar]

The OP underestimates how many buyers are chomping at the bit for lower bitcoin prices.

There will be moments of despair that even the most optimistic bull loses faith. There are a gazillion examples in financial history.

[porcupine87]

@Lloydie

The FBI is no company which wants to make profit.


@Dalmar

Same with Facebook shares. What if Zuckerberg sells all of his shares at ones. The price would go to zero, so the stock market price is crap.


@BurtW

The price on the auction will be the current market price. It depends if they sell it to one buyer. Maybe even higher than the current market value. Imagine you have some of these billionaire and want to buy 30 000btc. What will you do? Go on an exchange and make thousands of buys? No, you would find some big wahle or an auction like this and make one transaction.

[BurtW]

The coins seized and forfeited from SR are supposed to be sold at auction by US Marshals.
But so far there is no mention of the coins on their site, which I'm checking daily:
http://www.usmarshals.gov/assets/sales.htm

I was wondering which of their various auction web sites they are going to use.  Can you give me a link showing it will be the US Marshall web site as opposed to one of their other sites?

[Lloydie]

@porcupine
I respectfully disagree. You may have underestimated the human propensity for greed. 

[Dalmar]

Same with Facebook shares. What if Zuckerberg sells all of his shares at ones. The price would go to zero, so the stock market price is crap.

Crappy example..

Governments and big banks have an incentive to crash bitcoin hard and get it to capitulation levels when you least expect it. A founder obviously doesn't.

[Lloydie]

Same with Facebook shares. What if Zuckerberg sells all of his shares at ones. The price would go to zero, so the stock market price is crap.

Crappy example..

Governments and big banks have an incentive to crash bitcoin hard and get it to capitulation levels when you least expect it. A founder obviously doesn't.

LOL. Bitcoin is bigger than government. It is the INTERNET of MONEY. Hahahaha...

[MarketNeutral]

The OP underestimates how many buyers are chomping at the bit for lower bitcoin prices.

There will be moments of despair that even the most optimistic bull loses faith. There are a gazillion examples in financial history.

I'm not disagreeing with you, as you are precisely correct. Yet at every nadir there are still buyers. Fortunes are made when intrepid investors see blood in the streets and go all in.

[BurtW]

@Lloydie

The FBI is no company which wants to make profit.


@Dalmar

Same with Facebook shares. What if Zuckerberg sells all of his shares at ones. The price would go to zero, so the stock market price is crap.


@BurtW

The price on the auction will be the current market price. It depends if they sell it to one buyer. Maybe even higher than the current market value. Imagine you have some of these billionaire and want to buy 30 000btc. What will you do? Go on an exchange and make thousands of buys? No, you woul!d find some big wahle or an auction like this and make one transaction.

Anyone can bid at these PUBLIC auctions, even you if you want to.

[bitcoinlitcoinbtcltc]

Same with Facebook shares. What if Zuckerberg sells all of his shares at ones. The price would go to zero, so the stock market price is crap.

Crappy example..

Governments and big banks have an incentive to crash bitcoin hard and get it to capitulation levels when you least expect it. A founder obviously doesn't.

LOL. Bitcoin is bigger than government. It is the INTERNET of MONEY. Hahahaha...

You stupid fool. If bitcoin was bigger than the government, your sorry ass (and that of your bitcoin-propaganda spreading foolish friends) wouldn't be excited when the government is having a hearing, or when Bitcoin is getting a little tiny bit of media attention. I bet you get a hard-on when Obama mentions ''bitcoin''.

''Bitcoin bigger than the government.''

HAHAHA, YOU FOOL!

[JimboToronto]

There surely should be some rule about thread spamming.

Especially by clueless noobs. Perhaps a good rule would be no starting of threads with less than 100 activity points.

Lol. The price would rebound in a matter of minutes. I would buy back hundreds of Bitcoins alone if price falls that hard.

What, everyone suddenly has $50,000 lying around they can freely spend?

He didn't say that.

Sir, I must confess that I have strong believes that you might be mentally challenged. If I may, I would like to advise you to visit a psychiatrist. I am confident that it will stabilize your mind. Confirmed sources have confirmed that your mind has a lot of potential to become of average intelligence.

Show a little respect for your superiors.
______

***Gives self slap for feeding troll***

[Lloydie]

Same with Facebook shares. What if Zuckerberg sells all of his shares at ones. The price would go to zero, so the stock market price is crap.

Crappy example..

Governments and big banks have an incentive to crash bitcoin hard and get it to capitulation levels when you least expect it. A founder obviously doesn't.

LOL. Bitcoin is bigger than government. It is the INTERNET of MONEY. Hahahaha...

You stupid fool. If bitcoin was bigger than the government, your sorry ass (and that of your bitcoin-propaganda spreading foolish friends) wouldn't be excited when the government is having a hearing, or when Bitcoin is getting a little tiny bit of media attention. I bet you get a hard-on when Obama mentions ''bitcoin''.

''Bitcoin bigger than the government.''

HAHAHA, YOU FOOL!

You just keep doing your job wage slave. Hahaha!  How does it feel? Going to work paying off the mortgage. Enjoy it while the rest of us buy more bitcoins. Lol.

[P_Shep]

LOL @ 'source' in OP.

[Lloydie]

I apologise to all the wage slaves who have missed out and are still missing out. It's too bad you're missing out on the biggest monetary revolution in your entire lives. Don't miss out wage slaves. Buy some for the kids and grand kids. Sure, keep spreading FUD but don't let your offsprings pay the price. They deserve better.

[Dalmar]

I apologise to all the wage slaves who have missed out and are still missing out. It's too bad you're missing out on the biggest monetary revolution in your entire lives. Don't miss out wage slaves. Buy some for the kids and grand kids. Sure, keep spreading FUD but don't let your offsprings pay the price. They deserve better.

lmao, I am actually self-employed and short bitcoin from time to time. 

[JimboToronto]

I apologise to all the wage slaves who have missed out and are still missing out. It's too bad you're missing out on the biggest monetary revolution in your entire lives. Don't miss out wage slaves.

Hey, don't diss employees.

Every society needs a peasant class.

[mailmansDOG]

They said that they won't sell though any market echages... But with a bidding. That is more likely not to cause a crash.

[Lloydie]

I apologise to all the wage slaves who have missed out and are still missing out. It's too bad you're missing out on the biggest monetary revolution in your entire lives. Don't miss out wage slaves. Buy some for the kids and grand kids. Sure, keep spreading FUD but don't let your offsprings pay the price. They deserve better.

lmao, I am actually self-employed and short bitcoin from time to time. 

You are shorting Bitcoins? Hahaha... What's your business?

[Lloydie]

I apologise to all the wage slaves who have missed out and are still missing out. It's too bad you're missing out on the biggest monetary revolution in your entire lives. Don't miss out wage slaves.

Hey, don't diss employees.

Every society needs a peasant class.

True. Let's hope in the future society will have more middle classes. 

[Dalmar]

You are shorting Bitcoins? Hahaha... What's your business?

It's not my business, but something I do on the side as a sort of hobby. Just made another nice short from 805 to 785.  

Shorting bitcoin is so easy as of late. Bitcoin needs to learn its place.