http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Gov't is spooking the cryptomarket on purpose....

In related news, the millions of dollars in bitcoin seized by the FBI from Ross Ulbricht and the first Silk Road, currently stored in a set of online wallets, appears to be on the move. A source in the U.S. Justice Department said that “authorities” have access to the Ulbricht’s bitcoin cache and may be selling it off for less volatile currencies in the next few weeks. Ulbright has given the U.S. government the private keys to the bitcoins.

“The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said. The wallets are publicly visible here and here.

http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/

Gov't is spooking the cryptomarket on purpose....  HOLD TIGHT DAMN IT!

“The reason for selling is that the Government has lost faith in the value of bitcoin and does not want to deal with the volatility of the currency,” the source said.

LOL

His post without links is just as credible as a post with links to the type of reporting his satire is pointing at.

This non-story has had zero impact in the market.

The market has corrected because it overran to the upside. Happens every week in Bitcoinland.

DHS said at the Senate hearing they would auction the seized coins *if* they decided to sell. Senate testimony is much more reliable than internet articles.

Just say they did start selling off large amounts at a time. How would that affect the market?