When are the silk road coins sold ?

[faalhaas]

When and how do we get some news ?
I'm sure my btc friends can help me out .

[Dragonkiller]

google.com

[faalhaas]

can't find any info.

[Dragonkiller]

Auction on Friday. Results on Monday.

[chandan123]

Auction on Friday. Results on Monday.

is that auction is public , bidding can be seen  ?

[atp1916]

Coindesk

[piramida]

Auction on Friday. Results on Monday.

is that auction is public , bidding can be seen  ?

no.

[djangocoin]

How do you see this affecting the price?

[kwukduck]

How do you see this affecting the price?

Nahh it would never affect the price, people getting 30k btc at a bargain, they would never sell those off on exchanges the second they got them!

[ajareselde]

How do you see this affecting the price?

Nahh it would never affect the price, people getting 30k btc at a bargain, they would never sell those off on exchanges the second they got them!

first thing they will do by my opinion is to sell them across all exchanges, then wait for even bigger plummet, and then rebuy.
one can only hope the price on auction wont be as low as we fear it will be.

[keithers]

How do you see this affecting the price?

Nahh it would never affect the price, people getting 30k btc at a bargain, they would never sell those off on exchanges the second they got them!

first thing they will do by my opinion is to sell them across all exchanges, then wait for even bigger plummet, and then rebuy.
one can only hope the price on auction wont be as low as we fear it will be.

That may not be the case if the guys from Second Market get a large chunk of these coins.   They may hold a lot of them as reserves.

[mmortal03]

You can watch where they move starting here: https://blockchain.info/address/1Ez69SnzzmePmZX3WpEzMKTrcBF2gpNQ55

[galbros]

The official announcement and details are here:
http://www.usmarshals.gov/assets/2014/bitcoins/

Registration to bid closed on the 23rd and the auction is the 27th.

Good Luck!

[Elwar]

How do you see this affecting the price?

It has already affected the price by injecting uncertainty into the market. The very question of "how do you see this affecting the price" is affecting the price.

Monday the price will jump or down for a moment. If it jumps down it will jump right back up. If it jumps up it will come down a little bit.

After that the rising trend will continue until we hit $666 again.

[hyphymikey]

How do you see this affecting the price?

Nahh it would never affect the price, people getting 30k btc at a bargain, they would never sell those off on exchanges the second they got them!

first thing they will do by my opinion is to sell them across all exchanges, then wait for even bigger plummet, and then rebuy.
one can only hope the price on auction wont be as low as we fear it will be.

Someone already bid market price -15% for all of them, so they won't go cheaper than 500ish. Since these coins will be sold only to Americans they will be subject to taxation if they sell within 1 year. So you think someone will dump these coins immediately and take a loss with paying taxes? After they would sell with slippage and pay taxes that would average under 400 per coin. So yeah, that's not gonna happen lol.

[onlyu]

How do you see this affecting the price?

Nahh it would never affect the price, people getting 30k btc at a bargain, they would never sell those off on exchanges the second they got them!

first thing they will do by my opinion is to sell them across all exchanges, then wait for even bigger plummet, and then rebuy.
one can only hope the price on auction wont be as low as we fear it will be.

Someone already bid market price -15% for all of them, so they won't go cheaper than 500ish. Since these coins will be sold only to Americans they will be subject to taxation if they sell within 1 year. So you think someone will dump these coins immediately and take a loss with paying taxes? After they would sell with slippage and pay taxes that would average under 400 per coin. So yeah, that's not gonna happen lol.

They only pay tax on profit, not the whole value of bitcoin.

[ALToids]

How do you see this affecting the price?

Nahh it would never affect the price, people getting 30k btc at a bargain, they would never sell those off on exchanges the second they got them!

first thing they will do by my opinion is to sell them across all exchanges, then wait for even bigger plummet, and then rebuy.
one can only hope the price on auction wont be as low as we fear it will be.

Someone already bid market price -15% for all of them, so they won't go cheaper than 500ish. Since these coins will be sold only to Americans they will be subject to taxation if they sell within 1 year. So you think someone will dump these coins immediately and take a loss with paying taxes? After they would sell with slippage and pay taxes that would average under 400 per coin. So yeah, that's not gonna happen lol.

They only pay tax on profit, not the whole value of bitcoin.

That's not what Webslicer's CPA is saying.  Since the procurement of said coins would be unknown unless you can show a receipt, You get taxed on purchase and sale price (they assume you mined all the coins).

[Febo]

I think will be so much interest, the price will skyrocket

[ALToids]

When and how do we get some news ?
I'm sure my btc friends can help me out .

They announced that they lost all the private keys.

Apparently Barack Obama had them on his iPad, but he had to microwave that shit quick to keep Michelle Obama from finding all his tranny porn.

What you mean to say it was stored on a hard drive that crashed and then immediately got recycled.  Yeah that's the ticket!  Not a smidgeon of corruption

[madken7777]

Auction is tomorrow.