New auction for 50000 btc from US marshalls!

[cuddaloreappu]

http://www.usmarshals.gov/assets/2015/dpr-february-auction/

Have they finally emptied their cache?

Wish this causes a trend reversal

[1714610029]

1714610029

[Q7]

Well the second auction didn't really affect so much on the movement of the price so hopefully this time round, it will be the same as well.

[ericjarvies]

People should avoid purchasing Bitcoin or any cryptocurrency from any government that did previously confiscate them.  Most Bitcoin users use Bitcoin because they wish to engage in a more FREE and a more PRIVATE management of their value/worth/wealth that is not subject to prying third party eyes (government or otherwise).  

Anyone that purchases those coins from the government is no friend of freedom or liberty or privacy... instead they are simply one of but many slaves to fiat currency, as is policed by each its own respective government and world banking oversights.

The government will take the fiat proceeds of the Bitcoin sale and will apply that against more policing and prosecution of more people, namely people committing victimless crimes where all the participants were voluntary, and where Bitcoin or Tor or some other technological means of privacy was used, which to the government represents an enemy.

True Bitcoin believers and advocates seem far and few in-between, in that they've not the sense to speak out against such government actions relating to Bitcoin.

The Bitcoin community, at least the core community and those with the muscle and influence, should publicly denounce such auctions and encourage everyone in the Bitcoin community to not partake... to avoid it like the plague and to not give them anything other then what they've already stolen.  

If they want to sell those Bitcoins, then let them go to the exchanges and sell try to sell them, but the community as a whole, including the exchanges should treat those Bitcoins like 'dirty' Bitcoins and have NOTHING to do with them, and not trade them... because after all, aren't they dirty Bitcoins?

[Fabrizio89]

No they have another 44k or something for the next auction.

[Soros Shorts]

If they want to sell those Bitcoins, then let them go to the exchanges and sell try to sell them, but the community as a whole, including the exchanges should treat those Bitcoins like 'dirty' Bitcoins and have NOTHING to do with them, and not trade them... because after all, aren't they dirty Bitcoins?

It is important to maintain the fungibility of all bitcoins. Any attempt to taint coins should be avoided.

[bryant.coleman]

No they have another 44k or something for the next auction.

I just hope that they offload the remaining coins pretty quick. And I know that it is almost impossible... but there is a minuscule chance that Ullbricht might be found not guilty of the charges. Then the US Government will be obliged to pay back the coins they stole from him. Imagine if that happens when the exchange rate is something like 1BTC = $100,000. 

[turvarya]

People should avoid purchasing Bitcoin or any cryptocurrency from any government that did previously confiscate them.  Most Bitcoin users use Bitcoin because they wish to engage in a more FREE and a more PRIVATE management of their value/worth/wealth that is not subject to prying third party eyes (government or otherwise).  

Anyone that purchases those coins from the government is no friend of freedom or liberty or privacy... instead they are simply one of but many slaves to fiat currency, as is policed by each its own respective government and world banking oversights.

The government will take the fiat proceeds of the Bitcoin sale and will apply that against more policing and prosecution of more people, namely people committing victimless crimes where all the participants were voluntary, and where Bitcoin or Tor or some other technological means of privacy was used, which to the government represents an enemy.

True Bitcoin believers and advocates seem far and few in-between, in that they've not the sense to speak out against such government actions relating to Bitcoin.

The Bitcoin community, at least the core community and those with the muscle and influence, should publicly denounce such auctions and encourage everyone in the Bitcoin community to not partake... to avoid it like the plague and to not give them anything other then what they've already stolen.  

If they want to sell those Bitcoins, then let them go to the exchanges and sell try to sell them, but the community as a whole, including the exchanges should treat those Bitcoins like 'dirty' Bitcoins and have NOTHING to do with them, and not trade them... because after all, aren't they dirty Bitcoins?

Says the newbie with 7 posts ...

[koelen3]

No they have another 44k or something for the next auction.

I just hope that they offload the remaining coins pretty quick. And I know that it is almost impossible... but there is a minuscule chance that Ullbricht might be found not guilty of the charges. Then the US Government will be obliged to pay back the coins they stole from him. Imagine if that happens when the exchange rate is something like 1BTC = $100,000. 

That would be awesome and i would love to see that happen

[Abbey_j]

Remember back in last summer, the Bitcoin raised up to 650$ after the auction, so, what about this time?

[bryant.coleman]

Remember back in last summer, the Bitcoin raised up to 650$ after the auction, so, what about this time?

Actually, back then the Bitcoins were auctioned at a premium, compared to the market rate. That was the sole reason behind the Bitcoin rally then. Let's wait and watch what happens this time.

[okthen]

Remember back in last summer, the Bitcoin raised up to 650$ after the auction, so, what about this time?

Actually, back then the Bitcoins were auctioned at a premium, compared to the market rate. That was the sole reason behind the Bitcoin rally then. Let's wait and watch what happens this time.

Probably the same than last time, bought at a premium. It's the only way to buy that many without moving the market too much while you do it.
Not sure of how it will react after though, it's seems quite numb theses days.

[unent]

Remember back in last summer, the Bitcoin raised up to 650$ after the auction, so, what about this time?

Actually, back then the Bitcoins were auctioned at a premium, compared to the market rate. That was the sole reason behind the Bitcoin rally then. Let's wait and watch what happens this time.

One man bought all the coins auctioned in the first auction and announced he was holding them all rather than selling. That's why we had a rally afterwards. There were many winners of lots in the second auction and I guess they dumped because there was crash after crash afterwards.

[bitkilo]

If they want to sell those Bitcoins, then let them go to the exchanges and sell try to sell them, but the community as a whole, including the exchanges should treat those Bitcoins like 'dirty' Bitcoins and have NOTHING to do with them, and not trade them... because after all, aren't they dirty Bitcoins?

So you would rather the 50k coins be dumped onto a exchange in 1 day?
What do you think that will do for the price?

[waterpile]

People should avoid purchasing Bitcoin or any cryptocurrency from any government that did previously confiscate them.  Most Bitcoin users use Bitcoin because they wish to engage in a more FREE and a more PRIVATE management of their value/worth/wealth that is not subject to prying third party eyes (government or otherwise).  

Anyone that purchases those coins from the government is no friend of freedom or liberty or privacy... instead they are simply one of but many slaves to fiat currency, as is policed by each its own respective government and world banking oversights.

The government will take the fiat proceeds of the Bitcoin sale and will apply that against more policing and prosecution of more people, namely people committing victimless crimes where all the participants were voluntary, and where Bitcoin or Tor or some other technological means of privacy was used, which to the government represents an enemy.

True Bitcoin believers and advocates seem far and few in-between, in that they've not the sense to speak out against such government actions relating to Bitcoin.

The Bitcoin community, at least the core community and those with the muscle and influence, should publicly denounce such auctions and encourage everyone in the Bitcoin community to not partake... to avoid it like the plague and to not give them anything other then what they've already stolen.  

If they want to sell those Bitcoins, then let them go to the exchanges and sell try to sell them, but the community as a whole, including the exchanges should treat those Bitcoins like 'dirty' Bitcoins and have NOTHING to do with them, and not trade them... because after all, aren't they dirty Bitcoins?

Why would they avoid it if they can purchase that whole bulk for a cheaper price, that could instantly make them tons of cash.

[HarmonLi]

I really hope they're not going to split the remainder of their stash and put us into multiple situations of a crashing market due to the announcement of the respective auctions. Now Ulbricht is convicted, they should go and sell the rest of the lot in March already and get this whole thing over with...

[Amph]

No they have another 44k or something for the next auction.

well i hope all those auctions, do not destroy the bitcoin price, it's already pretty bad right now

[HarmonLi]

No they have another 44k or something for the next auction.

well i hope all those auctions, do not destroy the bitcoin price, it's already pretty bad right now

The people who bought the BTC are long-term and big investors. They're looking to acquire a large amount of BTC at once. Those auctions are the perfect way for them to achieve that goal. They won't sell the BTC on the market, they couldn't even sell them a tiny profit. They hold those BTC. Sure, the auctions may numb down quite a bit of buying pressure, but I advise everyone not to put too much weight on the auctions' effect on the price!

[uki]

Well the second auction didn't really affect so much on the movement of the price so hopefully this time round, it will be the same as well.

I think you may have nailed this one. This auction should not have much of importance, as it is kind of 'same old' news. 

[f2000]

Does anybody know how many more auctions/coins are left? Or is this is the final amount?

[Dexter770221]

Few posts back. 44k left. How many auctions? Propably even marshall don't know...