Those coins would be sold at auction, not dumped onto exchanges. The Silk Road coin auctions didn't affect the price too much. Parties buying large lots at au

Those coins would be sold at auction, not dumped onto exchanges. The Silk Road coin auctions didn't affect the price too much. Parties buying large lots at auction probably aren't doing so to dump the coins on exchanges right away. Yes, it creates some selling pressure, but the larger significance is as an event. And events in Bitcoin that 'should' be bearish have a way of affecting price in unexpected ways. Busting the Silk Road started the November 2013 bubble, a 30,000 coin market sell finished off the subsequent bear market, etc.