Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Tzupy
on 19/11/2014, 17:26:40 UTC
If the market will recover soon, [ Ross ] will refrain from selling the other 100k, if not... Wink.

I don't think that Ross has any more control on the matter; the agreement, as I understood, covers the whole 140+ kBTC.  The USMS implied that they will auction them all, but they decided to split into three(?) auctions so as not to saturate the market.

Yes, just the gov has control; I had read the document but my brain couldn't register this the first time, it didn't make sense for DPR to give up all control.
Then I realized that he may have been beaten, starved, tortured, threatened, so he'd sign something potentially against his best interests.
The gov could sell the bitcoins close to THE bottom and DPR won't be able to do anything about it; however, it seems the gov sells in a larger
downtrend, close to the top of a rebound (bull trap). The feds might be less dumb than expected.