Coins are listed by US Marshals for the auction. Registration starts today.
http://www.usmarshals.gov/assets/2014/bitcoins/
So This auction is taking place on 27june that is how I read it..! and this will be an online auction , so now looking into bigger picture, lets say if they succeed in selling 29,656.51306529 bitcoins that are on auction what are the chances that those coins will hit the market all at a time, and if they do how much Impact they will have on market..! http://www.usmarshals.gov/assets/2014/bitcoins/
According to what I read the bidding will be held for all the 29,656.51306529 bitcoins so all the coins will go to one person or an organization , correct me if I'm wrong.
Bidding more than the market price will be totally absurd so I'm hoping someone will get BTC at good rate , we never know how the bidders brain functions they might buy it over the market price.
Lets see how much they go for.
Bidding is for US citizens only and buyers have to deposit at least $200,000 to participate in bidding , it just shows the scale at which bidding is going to take place and nobody will buy at prices higher than market price . I am thinking how that will impact BTC trading when those somewhat cheaper coins enter the market.
