[Aaronneyer]

Will be interesting to see how this announcement effects the price of bitcoins. I would imagine there will be an initial drop out of panic, but if we see some wealthy individuals with a vested interest in bitcoin buying these up, it could very much cause a large shift upwards in price.

[lucb1e]

> Will be interesting to see how this announcement effects the price of bitcoins.

That's what people asked last time when, if I remember correctly, the FBI was selling off some of the Silk Road coins. Nothing really happened, maybe a few percent drop, but that happens every day so I'm not even sure that was due to the sell.

[zeeshanm]

To add more context, a well-known investor who happens to have significant influence ended up buying those bitcoins.

[martinko]

Right after the news broke we saw a relatively high volume dump pushing the price down by about 8%, from 410 to 375. Curious to see where it will go now. To be honest I expected a larger dump after this kind of news..

[bbcbasic]

Funny it should have barely any effect on the price, but if the news caused this drop it is probably because people sold anticipating that the news would cause this drop.

[kristianp]

If bitcoin exchanges were an efficient market, there should be no drop, because this sale has been anticipated, just not the exact date. However it isn't an efficient market.

[jaxx456]

I wonder if the people who were interested in this kind of thing before would be interested in buying bulk bitcoin again. Seems like it's all free money.

[atmosx]

I don't think so. You're assuming that BTC are somehow equally distributed :-) IMHO they are not ;-)

[stockkid]

Would you care to elaborate?

[atmosx]

Here: http://www.convalesco.org/blog/2014/02/11/on-the-matter-of-b...