My bad, missed the 'market price' thing.
locking the thread
Topic: 50k Silk Road auction prices (Read 914 times)
It says at current market value! So they dont say the prices
Uh, am I reading this incorrectly, or are you guys reading this incorrectly?
the USMS would NOT COMMENT on the price sold, and they calculated those values from the CURRENT MARKET VALUE....
So what's the use of calculating that value backwards?
the USMS would NOT COMMENT on the price sold, and they calculated those values from the CURRENT MARKET VALUE....
So what's the use of calculating that value backwards?
Lol...I'm with you. I think the op has not quite understood those values are current market and not what winners paid.
In any case, two bidders taking out 27k and 20k of the coin has to have positive effects and instill confidence in the market...not too many multi-millionaires out there that are reckless or uninformed.
http://www.forbes.com/sites/katevinton/2015/03/10/three-anonymous-bidders-take-home-50000-bitcoin-in-silk-road-auction/
So let's do the math:
$8m / 27,000 = $296.30
$5.9m / 20,000 = $295
$0.9m / 3,000 = $300
Slightly above the current market price. But I guess it's still cheaper than buying such quantities on exchanges (that would drive the price up).
Seems there's no risk that any of the buyers will dump their coins if the price stay on current level (~$290)
(also posted in Press board)
Quote
The U.S. Marshals Service has announced the results of its third Silk Road Bitcoin auction, which began on Thursday. Two winning bidders took home the bulk of the Bitcoin, with one anonymous participant winning 27,000 Bitcoin and the another winning 20,000 Bitcoin, according to USMS spokesperson Lynzey Donahue. A third winner took home just 3,000 Bitcoins.
The USMS would not comment on the price of the winning bids. At current market value, the three winners’ Bitcoin is worth $8 million, $5.9 million, and $0.9 million, respectively.
...
The USMS would not comment on the price of the winning bids. At current market value, the three winners’ Bitcoin is worth $8 million, $5.9 million, and $0.9 million, respectively.
...
So let's do the math:
$8m / 27,000 = $296.30
$5.9m / 20,000 = $295
$0.9m / 3,000 = $300
Slightly above the current market price. But I guess it's still cheaper than buying such quantities on exchanges (that would drive the price up).
Seems there's no risk that any of the buyers will dump their coins if the price stay on current level (~$290)
(also posted in Press board)
You are reading incorrectly. They are just showing the current market value of the coins that were bought. They have obviously rounded up or down, that's why you get the figures of about $300/coin.
They apparently aren't going to tell us the prices, but I am sure they will be leaked from somewhere. Not many people spend millions but don't tell anyone what they bought or for how much.
Uh, am I reading this incorrectly, or are you guys reading this incorrectly?
the USMS would NOT COMMENT on the price sold, and they calculated those values from the CURRENT MARKET VALUE....
So what's the use of calculating that value backwards?
the USMS would NOT COMMENT on the price sold, and they calculated those values from the CURRENT MARKET VALUE....
So what's the use of calculating that value backwards?
http://www.forbes.com/sites/katevinton/2015/03/10/three-anonymous-bidders-take-home-50000-bitcoin-in-silk-road-auction/
So let's do the math:
$8m / 27,000 = $296.30
$5.9m / 20,000 = $295
$0.9m / 3,000 = $300
Slightly above the current market price. But I guess it's still cheaper than buying such quantities on exchanges (that would drive the price up).
Seems there's no risk that any of the buyers will dump their coins if the price stay on current level (~$290)
(also posted in Press board)
Quote
The U.S. Marshals Service has announced the results of its third Silk Road Bitcoin auction, which began on Thursday. Two winning bidders took home the bulk of the Bitcoin, with one anonymous participant winning 27,000 Bitcoin and the another winning 20,000 Bitcoin, according to USMS spokesperson Lynzey Donahue. A third winner took home just 3,000 Bitcoins.
The USMS would not comment on the price of the winning bids. At current market value, the three winners’ Bitcoin is worth $8 million, $5.9 million, and $0.9 million, respectively.
...
The USMS would not comment on the price of the winning bids. At current market value, the three winners’ Bitcoin is worth $8 million, $5.9 million, and $0.9 million, respectively.
...
So let's do the math:
$8m / 27,000 = $296.30
$5.9m / 20,000 = $295
$0.9m / 3,000 = $300
Slightly above the current market price. But I guess it's still cheaper than buying such quantities on exchanges (that would drive the price up).
Seems there's no risk that any of the buyers will dump their coins if the price stay on current level (~$290)
(also posted in Press board)
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