Post
Topic
Board Speculation
Re: Ross Ulbricht 140k bitcoins
by
lay785
on 28/06/2014, 09:27:25 UTC


So if 30k bitcoins from the current FBI auction of silk road coins has contributed to the bitcoin price crashing hard - if the FBI win their case and get to sell Ross Ulbricht's 140k bitcoin stash will the bitcoin price literally crash?

Thoughts people?

Anyone have any updates about Ross Ulbricht's case?

What are his prospects of success?

If his chances of success are slim then smart bitcoin traders should be aware that the market could potentially flash crash at any moment depending on the outcome/announcement by law enforcement. We now have a precedent that American law enforcement are eager to sell seized bitcoins and rake in the cash.

Blah blah blah blah blah blah blah blah.

Oh, sorry, are we having a serious discussion?
Sorry to mention the elephant in the room. Or have I broken the cult rule of the hodlers?

Coindesk has copied my post:

June 27, 2014
"In any case, the elephant in the room is the rest of the stash, the remaining 144,000 bitcoins seized from Silk Road."
http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/