Quote from: criptix on June 12, 2014, 10:21:17 PM

Quote from: molecular on June 12, 2014, 10:07:23 PM

Quote from: Pruden on June 12, 2014, 10:00:19 PM

Quote from: molecular on June 12, 2014, 09:45:07 PM

oh man, feds are auctioning off the silkroad coins..

Wouldn't this be too funny if this turned out the same way as the SR bust, subsequent "little fast crash" and rocket afterwards back in '13?

Wishful thinking at its worst. The SR bust took coins off the market, this movement returns the same amount. It's exactly the opposite effect. That's why the price rebounded in October: some smart people noticed the bust would increase the value of the floating bitcoins. We are not seeing a rebound now.

Yes, you're probably right, it's way too different a type of event.

However I don't understand how this is bearish news at all. It's not like the buyers of those coins will turn around and dump them on the market? Is it just because the demand will be expected to decrease? Did some entities cancel their "coin buying subscriptions" at bitstamp because he decided to buy some of the sr coins and now the selling from bitpay et al is stronger on stamp with that demand gone?

i think it depends on the method of how the sr coins get sold.
if the price is relative with some % to the market price, it would be smart to crash the market in some way before buying these 30 k coins for more profit/less money.

some hedge funds are frontrunning the gov, as they learned to do EVERY TIME. Don't worry, there will be others who will frontrun the frontrunners in the opposite direction. Too bad it will not be me.
Edit: haha, rebounded like a rubber band from $551 to $585