This is a Golden transaction in the history of Bitcoin

[Este Nuno]

Many people will be looking back wishing they bid higher in that auction.

There still lots of bitcoin for sale on the exchanges if they still want to buy some. It's out there if the want it.

[newIndia]

Many people will be looking back wishing they bid higher in that auction.

There still lots of bitcoin for sale on the exchanges if they still want to buy some. It's out there if the want it.

I think he meant after a few years...

[BitCoinDream]

Many people will be looking back wishing they bid higher in that auction.

two years later:

"700 USD were very cheap two years ago, now we have to pay 40.000 USD"     

Definitely a possibility 

Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.

[CoinHoarder]

Fee: 0.00000000

Ah... the beauty of Bitcoin. How else can you send $18,150,888 across the nation for free?

[hodlmybtc]

Many people will be looking back wishing they bid higher in that auction.

two years later:

"700 USD were very cheap two years ago, now we have to pay 40.000 USD"     

Definitely a possibility 

Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.

The increase in the 2 years up to the ATH last year was bigger than that, so it definately isn't unrealistic.

However a lot of positive things will have to happen to see such an increase again in the same timespan.

[Ilsk]

Many people will be looking back wishing they bid higher in that auction.

two years later:

"700 USD were very cheap two years ago, now we have to pay 40.000 USD"    

Definitely a possibility  

Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.

What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?

[Gleb Gamow]

I wonder how long it will be before your use of the word "golden" become antiquated and irrelevant?

My guess: we are the last generation of humans to use that word in this way.

Possibilities are low. This has become symbolic. Even Bitcoin looks golden, whereas Litecoin looks like silver. We have silver jubilee, golden jubilee etc. So Golden is gonna stay !!!

I nominate this post for [colour=platinum]Platinum[//colour] Post of the Year.

[wachtwoord]

Many people will be looking back wishing they bid higher in that auction.

two years later:

"700 USD were very cheap two years ago, now we have to pay 40.000 USD"    

Definitely a possibility  

Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.

What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?

Indeed, learn some lessons from history 40k is less than 8 fold in price a year. That is entirely within the range of possibilities (albeit not the most likely)

[BitCoinDream]

Many people will be looking back wishing they bid higher in that auction.

two years later:

"700 USD were very cheap two years ago, now we have to pay 40.000 USD"    

Definitely a possibility  

Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.

What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?

Indeed, learn some lessons from history 40k is less than 8 fold in price a year. That is entirely within the range of possibilities (albeit not the most likely)

By 8 fold, do u mean 8 times or double in every fold ?

If it is 8 times, it wont reach 40k within 2 year and if it is double in every fold, it'll reach 40k within a year !!!

[Kiloday]

By this Tx US govt gives legitimacy to Bitcoin trading.

The fact that they sold the bitcoins in an auction suggests they don't intend to prohibit Bitcoin trading. Otherwise, they would have simply destroyed them just like the way they do with drugs and pornography. So yes, it does give Bitcoin legitimacy.

6. http://blockchain.com/tx/9e95c3c3c96f57527cdc649550bf8e92892f7651f718d846033798aee333b0c3

Not sure what this is, but shouldn't the correct link be:

http://blockchain.info/tx/9e95c3c3c96f57527cdc649550bf8e92892f7651f718d846033798aee333b0c3

but on the other hand, the fact they decided its time to sell those bitcoins in the first place shows that their real opinion is that its price will fall in future.

Nonsense. What does the government do with otherwise legal assets sized in criminal investigations? It liquidates them for USD. Invariably. Houses, cars, jewelry, gold, ... cryptocurrency. It would be remarkable if they _didn't_ convert them to cash.


edit: replace period with question mark

Technically true, but remember it's the Government we're talking about here. They make the rules. If they thought that hodling Bitcoin would have benefited them in the long run, I'm sure they would have done so.

Many people will be looking back wishing they bid higher in that auction.

two years later:

"700 USD were very cheap two years ago, now we have to pay 40.000 USD"     

Definitely a possibility 

Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.

Unless the US dollar hyperinflates, this would be infeasible. The best possible outcome would be Bitcoin replacing all fiat in every country. And even then, the price would only be about 1 satoshi = 1 cent at today's purchasing power.

[wachtwoord]

Many people will be looking back wishing they bid higher in that auction.

two years later:

"700 USD were very cheap two years ago, now we have to pay 40.000 USD"    

Definitely a possibility  

Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.

What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?

Indeed, learn some lessons from history 40k is less than 8 fold in price a year. That is entirely within the range of possibilities (albeit not the most likely)

By 8 fold, do u mean 8 times or double in every fold ?

If it is 8 times, it wont reach 40k within 2 year and if it is double in every fold, it'll reach 40k within a year !!!

What? 627*8*8=40128 >40k is what I meant.

[wachtwoord]

Unless the US dollar hyperinflates, this would be infeasible. The best possible outcome would be Bitcoin replacing all fiat in every country. And even then, the price would only be about 1 satoshi = 1 cent at today's purchasing power.

The USD is already hyperinflating for several years. It's just not visible because all fiat currencies are hyperinflating. The currency basis of the USD tripled in a very short period.

[kuusj98]

Many people will be looking back wishing they bid higher in that auction.

two years later:

"700 USD were very cheap two years ago, now we have to pay 40.000 USD"    

Definitely a possibility  

Jumping from 700 to 40k in just 2 years span is a little unrealistic. But, i firmly believe, there will be a day, when 1 Satoshi will equal 1 USD.

What?? You think that jumping from 700 to 40k in 2 years it's unrealistic but you believe that one day 1 satoshi can worth 1 USD?

Indeed, learn some lessons from history 40k is less than 8 fold in price a year. That is entirely within the range of possibilities (albeit not the most likely)

By 8 fold, do u mean 8 times or double in every fold ?

If it is 8 times, it wont reach 40k within 2 year and if it is double in every fold, it'll reach 40k within a year !!!

Who even cares, it will be worth more anyway, sooner or later it will be 40K and sooner or later it will also be 1$ per Satochi.

[wordman267645]

I think in future btc will be in the mainstream.And it's price will be higher and stable.