derpinheimer
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


View Profile Personal Message (Offline)

Ignore
April 29, 2014, 04:13:05 AM

Any thoughts on this one? News released today. This could crash the price hard. 385000BTC for $3M USD? what?

http://www.coindesk.com/us-government-sells-silk-road-users-seized-bitcoins-for-3-million/

if they sold 380,000 btc for 3m, that would be $12 each. - must be a portion, or Im missing out on some seriously 'cheap coins'
The congressmen probably used 5 year weighted price averaging to give themselves a sweetheart deal.

RTFA

Quote
the government has already sold more than $3m in the proceeds from Slomps’ crimes, Assistant US Attorney Randall Samborn told CoinDesk