$844m BTC from a Silk Road wallet is on the move after 4 years of inactivity
G-guys, its not going to dump right? Guys?
$844m BTC from a Silk Road wallet is on the move after 4 years of inactivity
Carter Taylor
Thomas Wilson
you need to go back
Christopher Reyes
It's less than 1% of Bitcoin market cap
Relax kiddo
Luis Perry
I'll buy his coins at discount to sell it back to you at 150k.
Eli Torres
Yeah this will get bloody he is about to dumb 1 billion worth of BTC
Adam Sanchez
>doesn't know how markets work
Hunter Clark
Oh fug it's happening
Sebastian Reyes
This dividing into subwallets, how could this translate to sales?
Josiah Butler
he's gonna buy chainlink
#1keoy
Jonathan Cook
Good luck getting 1 billion (or even 10MM) worth of Silk Road BTC onto an exchange without any questions asked. These accounts are tracked my law enforcement around the world.
Luke Wright
These wallets* are tracked by*
Lucas Garcia
>He's about to dump less than 1% of the total supply into the market
OH MY GOD! WE ARE ALL DOOMED!
Stop being silly, in a single day people move at least 3x more than that.
And there's no way he will ever be able to cash out half this value
Parker Brooks
you guys think it's Ross moving his coins from behind bars or FBI liquidating?
Blake Cox
The government controls these coins.
They are just waiting for the right time to pounce and totally kill the market once and for all.
Luis Ortiz
He can sell on localbitcoin, but good luck selling more than 100k, and he will show the cops where he is.
Wyatt Thomas
a shady exchange like bitfinex/binance/literally any exchange except coinbase will do a swap for like a 10% fee in a heartbeat.
Thomas Campbell
James Green
Probably just bought his freedom
Liam Gutierrez
fucking brainlet lmao.
Adrian Jenkins
>what is otc
Adrian Campbell
nah. bitfinex will require KYC if you just move there 5 btc and remove it without trading activity.
owners of established exchanges are all filthy rich by now, they won't risk getting in the corsair of the FBI even if they could double their networth. just not worth it in that position.
Brody Anderson
as if a silkroad og couldn't fake their way through a basic af kyc request. ids are a diamond dozen
Jaxon Torres
how will otc help washing 1 billion dollars clean?
anyho the guy isn't planning on selling. it's something differnt. distributing it into 100 chunks also doesn't imply he intended to sell any large amount. but after he realizes how people spot him, he'll def not link himself to those coins in any way.
Lucas Perry
>Ross moving his coins from behind bars
Ya lemme just access the internet WITH MY MIND
Cooper Jones
He's gonna slowly convert into monero
Luke Phillips
they can fake it. but bitfinex will 100% lock the funds if they get a call from LE, which they probably will because everyone will instantly see how the funds have been transferred to bitfinex wallet.
anyho my guess is he could have been planning to sell
John James
kek
alt season is here brothers buy link now
Dominic Hernandez
the absolute state of this board. jesus fuck
Evan Wilson
I told someone my passwords
Look I just moved the internet “with my mind”
Btc is going to crash when all this is sold
Jackson Collins
ross' funds definitely accessed by someone. how do you think he gathered several million dollars for legal costs donations
Luke Roberts
but overall don't let the bears fool you. there's literally no way this can lead to a mass sell-off EVEN IF the original intent of the owner was that. which is very highly unlikely. why the fuck would you chunk them up into tidy 100 BTC pieces like that if you were planning the a mass sell-off? at most he'd be chunking them up into random amounts.
Angel Young
Not to raise suspicion?