the_poet (OP)
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Bitcoin accepted here
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April 29, 2014, 11:43:31 AM |
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Under construction.
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jonald_fyookball
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Core dev leaves me neg feedback #abuse #political
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April 29, 2014, 11:47:52 AM |
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good. i dont want the US government being a large stakeholder.
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durrrr
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April 29, 2014, 11:58:46 AM |
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i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
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Domino
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April 29, 2014, 12:11:15 PM |
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i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
Shouldn't they do an auction to get the best price?
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bryant.coleman
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Activity: 3682
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April 29, 2014, 12:12:37 PM |
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good. i dont want the US government being a large stakeholder.
But these articles are just based upon unsubstantiated rumors. Do they have any real evidence that the FBI is really selling off those coins? I really doubt that. All are just baseless assumptions.
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teukon
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Activity: 1246
Merit: 1004
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April 29, 2014, 12:25:21 PM |
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i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
Shouldn't they do an auction to get the best price? Why would they try to get the best price? This is a government agency, not a business.
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BitCoinDream
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Activity: 2324
Merit: 1204
The revolution will be digital
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April 29, 2014, 12:29:30 PM |
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Faster they do it, quicker the market will revive
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the_poet (OP)
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Activity: 1137
Merit: 1035
Bitcoin accepted here
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April 29, 2014, 12:32:25 PM |
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i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
Shouldn't they do an auction to get the best price? Why would they try to get the best price? This is a government agency, not a business. Government-seized property is usually sold via auctions.
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Under construction.
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gagalady
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Activity: 938
Merit: 1000
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April 29, 2014, 12:37:21 PM |
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Is there any proof that gov is really selling bitcoins? Or it's just a rumor. It's stated like a fact but Is there actual proof of this?
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SomethingElse
Full Member
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Activity: 210
Merit: 100
Looking for the next big thing
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April 29, 2014, 12:49:42 PM |
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The US government being the largest holder of bitcoin is kind of a good thing. That way the US will not ban it. Think if China had that many bitcoin right now. We wouldn't be in this mess. The worse thing that could happen is that the US totally dumps and then bans it.
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NEM
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beetcoin
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April 29, 2014, 03:21:37 PM |
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The US government being the largest holder of bitcoin is kind of a good thing. That way the US will not ban it. Think if China had that many bitcoin right now. We wouldn't be in this mess. The worse thing that could happen is that the US totally dumps and then bans it.
they should just give it to the CIA so they can use it to bribe the people they already do.
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jbrnt
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April 29, 2014, 03:34:33 PM |
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They will never sell them on an exchange. They will be sold in an auction, but the person who bought them might. It all depends on who bought them. Whichever way, it is still in the interest of the new owner(s) to keep them off exchanges to maintain a good reference price for his/their assets.
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Bitcoin Magazine
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April 29, 2014, 03:36:45 PM |
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now they owe infinite dollars as a result of Silk Road's escrow agreement
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i am here.
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Cryptopher
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Activity: 1789
Merit: 1008
Keep it dense, yeah?
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April 29, 2014, 06:09:36 PM |
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i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
I don't believe that the US government would go down the exchange route for selling such a volume of bitcoins. Private auction(s) would be the likely option, no doubt a number of personnel will take their cut too...
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Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
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beetcoin
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April 29, 2014, 06:16:31 PM |
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would have thought they would somehow pump BTC up before dumping. why wouldn't they, right?
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teukon
Legendary
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Activity: 1246
Merit: 1004
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April 29, 2014, 06:42:43 PM |
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i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
Shouldn't they do an auction to get the best price? Why would they try to get the best price? This is a government agency, not a business. Government-seized property is usually sold via auctions. Yes, this is a much better reason for why an auction will likely take place.
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Noruka
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April 29, 2014, 06:44:56 PM |
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The US government being the largest holder of bitcoin is kind of a good thing. That way the US will not ban it. Think if China had that many bitcoin right now. We wouldn't be in this mess. The worse thing that could happen is that the US totally dumps and then bans it.
unfortunately thats not how it works all at. The US will have zero interest a stable bitcoin even if they own it. They would rather watch every coin they own disappear at zero value if it means bitcoin goes away.
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CoinDiver
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April 29, 2014, 07:19:44 PM |
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The worst possible outcome would be for the government to hold those bitcoins. Long term, or course. Short term, it's very likely going to cause some turmoil.
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Jcw188
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April 29, 2014, 07:33:36 PM |
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Hypothetically, couldn't the buyer of the BTC just get access/control to the coins, but decide not to move them?
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