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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2014-08-08] WSJ: Lake Tahoe Property Sells for $1.6 Million in Bitcoins
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botany (OP)
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August 09, 2014, 02:13:03 AM
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Lake Tahoe Property Sells for $1.6 Million in Bitcoins

http://online.wsj.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997?mod=WSJ_LatestHeadlines

If people felt that the silkroad coins coming into the market, this transaction can impact bitcoin price as well. Cheesy
BitPay handled this transaction.
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August 09, 2014, 02:15:37 AM
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The Silk Road auction was for over $30 million worth of coins while this is not even 1/20 of that.

There is also the possibility that the seller did not elect to sell all of the bitcoin he received right away. If anything this will increase public awareness of bitcoin and help it over the long run.
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August 09, 2014, 02:17:35 AM
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Quote from: thriftshopping on August 09, 2014, 02:15:37 AM
The Silk Road auction was for over $30 million worth of coins while this is not even 1/20 of that.

There is also the possibility that the seller did not elect to sell all of the bitcoin he received right away. If anything this will increase public awareness of bitcoin and help it over the long run.

You got your numbers wrong. The auction was for 30K coins estimated to be worth $17 million. This transaction is ~10% of that.
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