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50,000 bitcoins

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Ste
Not Work Safe



Joined: 01 Sep 2002
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PostPosted: 23:21 - 18 Feb 2015    Post subject: [FOR SALE] 50,000 bitcoins Reply with quote
https://www.usmarshals.gov/assets/2015/dpr-february-auction/

https://www.coindesk.com/us-marshals-auction-50000-bitcoins-march/

Get bidding. Wink
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Jewlio Iglesias This post is not being displayed because the poster is banned. Unhide this post / all posts.

Tungtvann
World Chat Champion



Joined: 07 Dec 2012
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PostPosted: 23:26 - 18 Feb 2015    Post subject: Reply with quote
Is it likely to tank the value of BTC around this time?
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The Artist
Super Spammer



Joined: 06 Jan 2008
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PostPosted: 23:32 - 18 Feb 2015    Post subject: Reply with quote
Tungtvann wrote:
Is it likely to tank the value of BTC around this time?


Possibly slightly but not really. It isn't like they are dumping them on an exchange all at once.

The transaction doesn't affect the bitcoin economy unless the buyer then decides to do something crazy with them which is highly unlikely.
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Ste
Not Work Safe



Joined: 01 Sep 2002
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PostPosted: 23:45 - 18 Feb 2015    Post subject: Reply with quote
On both days the previous auctions happen, there was little change in market prices on those days (less than 1%) so that's a slight indication of what will happen.

When the Silk Road market site got busted the price dropped by nearly 13% just like that however the last load of busts didn't have as much of an impact on the price of coins.

Anything could happen to the price between now and when the auction happens in two weeks, things could happen that are completely unrelated to the auction which will be a bit unfortunate if someone bids say 5 million ponds for all the coins but market prices crashes after they've made their bid. Laughing
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Ste
Not Work Safe



Joined: 01 Sep 2002
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PostPosted: 23:51 - 18 Feb 2015    Post subject: Reply with quote
Jewlio Iglesias wrote:
inb4 purchasers get their doors smashed in, and bitcoins seized again.

https://www.deepdotweb.com/2014/06/22/introducing-grams-helix-bitcoins-cleaner/

Putting 50,000 coins through it wouldn't be the smartest idea. Laughing

Flogging them on localbitcoins.com would/could get a good return and is perfectly legit. You would then have clean money which you could use to buy clean bitcoins to buy millions of ponds worth of drugs with.
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Rogerborg
nimbA



Joined: 26 Oct 2010
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PostPosted: 07:49 - 19 Feb 2015    Post subject: Reply with quote
I bid three magic beans fiddy.

Aren't bitcoins unAmerican? Shouldn't they be publicly... uh... destroying them? Thinking
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Ste
Not Work Safe



Joined: 01 Sep 2002
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PostPosted: 14:56 - 19 Feb 2015    Post subject: Reply with quote
Rogerborg wrote:
Aren't bitcoins unAmerican?

Nope. You are unAmerican!
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RhynoCZ
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Joined: 09 Mar 2012
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PostPosted: 15:18 - 19 Feb 2015    Post subject: Reply with quote
Yep, I still do not get it. Laughing

Jews might do: https://www.youtube.com/watch?v=QbBMBCINES8 Thumbs Up
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Old Thread Alert!

The last post was made 10 years, 306 days ago. Instead of replying here, would creating a new thread be more useful?
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