https://www.reddit.com/r/Bitcoin/comments/2ykjsb/auction_coins_have_been_distributed/
Does anybody know what they were sold for?
Topic: 50K Silk road coins to be auctioned 5 March. (Read 2955 times)
Is the auction running right now or finished 
i was waiting a huge price drop after the auction , like the last one price drop to 190 $
and now still didn't return to 350
.
i was waiting a huge price drop after the auction , like the last one price drop to 190 $and now still didn't return to 350
.There is no reason for the price to collapse. just rumors and fear from people trying to incite panic. The actual buyers of the auction bitcoins will use them to start Bitcoin companies and drive prices even higher.
I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
Thats almost 100$ more than the current market price.
that would have increase the price a bit, if they were selling it on exchange, but as a private transaction, it won't affect it
i'm curious to know who bought those chunks
apparently the name of the buyers will be announced on 9th, see user above me
Is the auction running right now or finished i was waiting a huge price drop after the auction , like the last one price drop to 190 $
and now still didn't return to 350 .
i was waiting a huge price drop after the auction , like the last one price drop to 190 $and now still didn't return to 350
.I think it finished and the list of final bidders and the people being awarded will come out on 9th March
Is the auction running right now or finished i was waiting a huge price drop after the auction , like the last one price drop to 190 $
and now still didn't return to 350 .
i was waiting a huge price drop after the auction , like the last one price drop to 190 $and now still didn't return to 350
.There is no reason for the price to collapse. just rumors and fear from people trying to incite panic. The actual buyers of the auction bitcoins will use them to start Bitcoin companies and drive prices even higher.
Is the auction running right now or finished i was waiting a huge price drop after the auction , like the last one price drop to 190 $
and now still didn't return to 350 .
i was waiting a huge price drop after the auction , like the last one price drop to 190 $and now still didn't return to 350
. I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
No you didn't. The price the bidders are paying is private and will not be disclosed to the public. Additionally it is most likely that the coins sold for a discount as few people have sufficient funds to buy that much bitcoin at one time Thats almost 100$ more than the current market price.
I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
Thats almost 100$ more than the current market price.
that would have increase the price a bit, if they were selling it on exchange, but as a private transaction, it won't affect it
i'm curious to know who bought those chunks
I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
Thats almost 100$ more than the current market price.
that would have increase the price a bit, if they were selling it on exchange, but as a private transaction, it won't affect it
i'm curious to know who bought those chunks
What this tells us is that there are whales who are acquiring bitcoin but are willing to pay a 30% premium on coins they buy offmarket just to keep the public market at a low price.
This is also a good explanation for the hard price support we've seen in the $250 range -- whenever the price drops to about there, trade volume goes up dramatically, and this is happening while the smaller holders are getting scared of the market being low and cashing out. These whales have already been quietly buying in large volume, but in small amounts and at price lows, so as to not junkstart the market.
They're afraid that if they moved on the public market, they'd set off another bubble and wouldn't be able to continue acquiring coins there cheaply.
And they clearly have the wealth to move on the public market, set off another bubble, and then sell the coins they've bought at market lows or offmarket, after another huge price spike and runup. Long story short, it looks like they're preparing to run the big-money version of a pump-and-dump.
This is what I call "Interesting."
This is also a good explanation for the hard price support we've seen in the $250 range -- whenever the price drops to about there, trade volume goes up dramatically, and this is happening while the smaller holders are getting scared of the market being low and cashing out. These whales have already been quietly buying in large volume, but in small amounts and at price lows, so as to not junkstart the market.
They're afraid that if they moved on the public market, they'd set off another bubble and wouldn't be able to continue acquiring coins there cheaply.
And they clearly have the wealth to move on the public market, set off another bubble, and then sell the coins they've bought at market lows or offmarket, after another huge price spike and runup. Long story short, it looks like they're preparing to run the big-money version of a pump-and-dump.
This is what I call "Interesting."
I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
If that is correct then there is no reason to worry about price, as the new owner would not sell at current price.Thats almost 100$ more than the current market price.
It might be a problem for future, when price goes up, as it have to, because of mining difficulty.
Here is a link which also shows more interest this year ; http://www.coindesk.com/third-usms-bitcoin-auction-bidder-interest/
As for price increasing , its hard to say. One reason price is higher to buy large quantity is to not skyrocket the price while buying that much quantity from the exchanges.
I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
If that is correct then there is no reason to worry about price, as the new owner would not sell at current price.Thats almost 100$ more than the current market price.
It might be a problem for future, when price goes up, as it have to, because of mining difficulty.
Here is a link which also shows more interest this year ; http://www.coindesk.com/third-usms-bitcoin-auction-bidder-interest/
As for price increasing , its hard to say. One reason price is higher to buy large quantity is to not skyrocket the price while buying that much quantity from the exchanges.
I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
If that is correct then there is no reason to worry about price, as the new owner would not sell at current price.Thats almost 100$ more than the current market price.
It might be a problem for future, when price goes up, as it have to, because of mining difficulty.
I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
If that is correct then there is no reason to worry about price, as the new owner would not sell at current price.Thats almost 100$ more than the current market price.
It might be a problem for future, when price goes up, as it have to, because of mining difficulty.
those coins should be given to charity
I've heard people say that several times. I have not yet understood the reasoning behind it. It's not as though Silk Road was operating to raise money for charities.
those coins should be given to charity
I just read that the bidders will be paying 30% more than the usual market price. Seems a pretty steepp cost they will have to pay for those coins.
Thats almost 100$ more than the current market price.
Thats almost 100$ more than the current market price.
alright , where's the auction at ? its 5th march , and i cant find it anywhere.
i need those bitcoins man!
i need those bitcoins man!
IIRC they're selling two lots of 20K bitcoins and one lot of 10K bitcoins. At market prices, nobody with less than $2.8M needs to worry about not getting in on the action.
alright , where's the auction at ? its 5th march , and i cant find it anywhere.
i need those bitcoins man!
i need those bitcoins man!
Let's hope this has a good effect on the price. Off late, it's been rising steadily, let's hope this auction won't spoil the party
with that much coins we can expect a dump in price, it will stop the bull for now
I could be wrong about this but I'm actually thinking that this is an event that has already been priced into the market. People with deep enough pockets to move the market won't be surprised by this.
On the contrary, I wonder if some of them may have been trying to deliberately keep the price from rising until after this auction. We've been seeing market dumps strategically timed for the hours on weekends when the markets are thinnest and the dumps will move the price by the greatest amount possible.
We will see if people trying to have disproportionate effect on the market by moving when it's thin start buying on the thin hours after the sale. It will be interesting.
Cryddit
with that much coins we can expect a dump in price, it will stop the bull for now
They were being sold off in blocks. Is this the last set of coins from SR?
Waw i really can see now a huge dump coming . I'm going to sell all my coins till 8 march and buy then
This will be a nice strategy ?
This will be a nice strategy ?
There is no huge dump coming. Anyone who dumps all their coins now cannot guarantee they can buy back the coins much cheaper. Price is likely to rise after the auction.
Waw i really can see now a huge dump coming . I'm going to sell all my coins till 8 march and buy then
This will be a nice strategy ?
This will be a nice strategy ?
Didn't they already auction those coins awhile back for like $800 a piece?
that's what i thought aswell , these news are really confusing me. ( maybe ) not all coins got sold ? anyone know ?
Didn't they already auction those coins awhile back for like $800 a piece?
I think the FBI is facepalming right now because it is auctioning coins in a $250 market when it got them in an $800 market and sold the first batch in a $600 market.
I think they will facepalm again in the future when they've sold these and the market swings back up.
I think they will facepalm again in the future when they've sold these and the market swings back up.
FBI-dump again???
facepalm.gif
facepalm.gif
besides far from none....what are the chances that a normal guy like me could get some of these???
It would be nice if they went back to the victims of that whole mess, but this is what happens when
the government steps in. They will sell them to the highest bidder and the fiat will disappear!!!
It would be nice if they went back to the victims of that whole mess, but this is what happens when
the government steps in. They will sell them to the highest bidder and the fiat will disappear!!!
This is bullshit these coins should be given away to a good cause not people with deep pockets.
Indeed , I couldn't agree more .
It's not like every charity got closed because everyone have a good health , he is rich etc ... also it's not like that some people aren't sleeping on home because they don't even have one .... Goverments and their intelligent thinking *facepalm*
~ Madness
This is bullshit these coins should be given away to a good cause not people with deep pockets.
Better them and not to the miners(dumpers)
This is bullshit these coins should be given away to a good cause not people with deep pockets.
this is gonna be reaaal nasty , waiting for those coins to auction them ima buy em all!
"Silk Road" is a name, like "MIckey's Floating Poker Game."
When "Mickey's Floating Poker Game" becomes well known, as a place where a lot of people want to gamble a lot of money, etc, Mickey starts making tons of cash.
But then Mickey screws up and goes to gaol. Now Mikey looks around and starts thinking about how much money he could make if he continued to have "Mickey's Floating Poker Game." It's not like Mickey's going to stop him; Mickey's in stir. It's not like there's a legal trademark to worry about; it was an illegal enterprise in the first place.
So Mikey puts out the word that "Mickey's Floating Poker Game" will meet next week in the basement under the orphanage, and the world goes on.
Heck, maybe the first Mickey retired, and the one in stir is the fourth or fifth, and the second is running a farm in Leicester now, and our boy Mikey doesn't even know he's the fifth or sixth rather than the second.
When "Mickey's Floating Poker Game" becomes well known, as a place where a lot of people want to gamble a lot of money, etc, Mickey starts making tons of cash.
But then Mickey screws up and goes to gaol. Now Mikey looks around and starts thinking about how much money he could make if he continued to have "Mickey's Floating Poker Game." It's not like Mickey's going to stop him; Mickey's in stir. It's not like there's a legal trademark to worry about; it was an illegal enterprise in the first place.
So Mikey puts out the word that "Mickey's Floating Poker Game" will meet next week in the basement under the orphanage, and the world goes on.
Heck, maybe the first Mickey retired, and the one in stir is the fourth or fifth, and the second is running a farm in Leicester now, and our boy Mikey doesn't even know he's the fifth or sixth rather than the second.
I'am getting confused about the whole Silk Road story to be honest .
Once the Creator got catched , I heard that another Silk road was opened , so Silk road is basically an Open source market ? I mean how it gets opened each time even if the money gets seized and the creator got catched ?.
and is it opened now or not ?
~ mADNESS
Once the Creator got catched , I heard that another Silk road was opened , so Silk road is basically an Open source market ? I mean how it gets opened each time even if the money gets seized and the creator got catched ?.
and is it opened now or not ?
~ mADNESS
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