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BigBoy89
Legendary
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Activity: 1512
Merit: 1011
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April 13, 2014, 08:04:16 AM |
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when it happen, BTC prize will collapse  BITSTAMP vol 24h: 2,385,814 USD BTC-E vol 24h: 5,049,766 USD only around $7.3 M Silkroad Seized Coins alone $12.5 M  many people send few BTC and leave public note there, interesting  |
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coinnewbit
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April 13, 2014, 08:05:58 AM |
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we will all die with our worthless btc |
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zeeshanblc (OP)
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April 13, 2014, 08:13:00 AM |
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it's so sad how fragile BTC actually is  |
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knightlife999
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April 13, 2014, 08:20:59 AM |
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Not likely. They aren't going to create an account on an exchange and sell them. It's clear that they would auction them off. A large hedge fund or conglomerate would most likely buy the coins. Why do you think that a federal agency would sell the coins on an exchange? That would be like the DEA or ATF selling confiscated cars on eBay motors. Try not to worry so much. There is strong buy support at $350 and many positive things on the horizon for Bitcoin. In addition, the stock market looks to be entering a phase of extreme instability. Cryptos and commodities will benefit greatly in such a climate.
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Light
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April 13, 2014, 08:26:43 AM |
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Assuming they did auction them off - if there was market movement leading to a lowering in price I'd be more than happy to gobble up a few more coins at a lower price. Honestly, I doubt that will be the case though, more likely there is no sale or the sale has little to no impact on price.
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zeeshanblc (OP)
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April 13, 2014, 08:29:16 AM |
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I'm just afraid that they would do the thing that would screw BTC the most. Like holding all this just for screwing things up if/when times comes up.
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MsCollec
Legendary
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Activity: 1400
Merit: 1000
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April 13, 2014, 08:30:22 AM |
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we are doomed  |
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zeeshanblc (OP)
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April 13, 2014, 10:27:53 AM |
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we are doomed hope not lol There are other coins to take BTC place  |
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bryant.coleman
Legendary
Offline
Activity: 3682
Merit: 1217
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April 13, 2014, 12:51:02 PM |
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when it happen, BTC prize will collapse BITSTAMP vol 24h: 2,385,814 USD BTC-E vol 24h: 5,049,766 USD only around $7.3 M Silkroad Seized Coins alone $12.5 M The FBI is not that stupid, to sell the coins at a loss. And there are legal issues also. They can't sell those coins until the trial is over. And even when it is over, they need permission from the court. All this will take a few more years. So my advice is not to worry about any sale by the FBI. |
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frobley
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April 13, 2014, 01:13:00 PM |
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we are doomed hope not lol There are other coins to take BTC place there are indeed. whilst all eyes are over there... I'm making trades over here, and what bargains to be had!  |
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knightcoin
Full Member
Offline
Activity: 238
Merit: 100
Stand on the shoulders of giants
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April 13, 2014, 07:49:14 PM |
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If Barney sells, I buy it |
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bigdave
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April 13, 2014, 07:56:42 PM |
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The government is hodling waiting for the price to jump.
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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April 13, 2014, 08:17:19 PM |
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Does a single soul who thinks this through honestly believe the US government would send their asset to a quasi legal exchange in a far off country and dump immediately?
There are already buyers who have gone public offering to purchase the entire lot before it even gets to an auction. No doubt it will crash the price on the exchanges because folks seem to enjoy nailing themselves up the arse for the pure joy of it.
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knightcoin
Full Member
Offline
Activity: 238
Merit: 100
Stand on the shoulders of giants
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April 13, 2014, 08:27:49 PM |
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The government is hodling waiting for the price to jump.
Hope they'll think like pension fund managers ... |
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Thralen
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April 13, 2014, 08:46:12 PM |
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Do they even have the private keys for the addresses? I thought that the .gov had not recovered those. If they don't have them, they won't be selling...
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Supporting bitcoin as best I can with 1. mining, 2. buying with bitcoin, 3. selling (or trying to) for bitcoin. If you make a donation to: 1MahzUUEYJrZ4VbPRm2h5itGZKEguGVZK1 I'll get it into circulation.
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BlockchainHelp?
Newbie
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Activity: 28
Merit: 1
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April 13, 2014, 08:48:32 PM |
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Feds lost their Bitcoin in MtGox....... I doubt Mark will be around much longer, he will simply disappear...
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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April 13, 2014, 09:28:44 PM |
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I kind of think people would be like taint ! lol But honestly they may be one of the most valued reserves the Fed has in the future lol Fort Knox is gold and unknown amounts But Bitcoin Fort Knox is Visible Reserves |
Believing in Bitcoins and it's ability to change the world
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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April 14, 2014, 02:57:49 AM |
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The feral government would be foolish to sell any seized coins. Their black ops will just have to buy them back at a higher price. Instead, they will get laundered and the proceeds will be used for bribery.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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