Alert!!! Auction Again!!! What do you think?

gkv9

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Quote from: dothebeats on March 06, 2015, 07:23:21 AM

Quote from: darkmind on March 06, 2015, 06:16:41 AM

None of the bidders are stupid enough to pay market price (or MORE) for bitcoin auction. all the bidders will pay BELOW whatever the market is. so I think it won't affect current price, and yeah, noone wants to sell a ton of coins for less than they bought them for unless there was a huge tax write off or something.

Bidders are also clever in terms of $$$. Sure enough, they don't want to buy in at a loss and sell-off at a loss also, so I too doubt that the auction will affect the current price.

It already affected the price yesterday and I think before the auction took place...
As it was settled down a bit for the bids to be testified and again sent back up a bit showing some sort of correction...
I think it was more than 6 hours during which this happened, and who knows, those hours might be during the auction's run...

dothebeats

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Quote from: darkmind on March 06, 2015, 06:16:41 AM

None of the bidders are stupid enough to pay market price (or MORE) for bitcoin auction. all the bidders will pay BELOW whatever the market is. so I think it won't affect current price, and yeah, noone wants to sell a ton of coins for less than they bought them for unless there was a huge tax write off or something.

Bidders are also clever in terms of $$$. Sure enough, they don't want to buy in at a loss and sell-off at a loss also, so I too doubt that the auction will affect the current price.

darkmind

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None of the bidders are stupid enough to pay market price (or MORE) for bitcoin auction. all the bidders will pay BELOW whatever the market is. so I think it won't affect current price, and yeah, noone wants to sell a ton of coins for less than they bought them for unless there was a huge tax write off or something.

sickpig

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Quote from: DeboraMeeks on March 05, 2015, 06:21:16 AM

http://insidebitcoins.com/news/us-government-schedules-third-silk-road-bitcoin-auction/30012

Taking place today, 5^th March, 2015, the third seized 50,000 Bitcoins auction took place with the bidders having six hours, i.e.; 8 am to 2 pm to submit their bids.

What do you think on "how this will actually affect the price at any cost"?

Share your views on what will be the outcome after the third auction of stolen coins.

Yesterday daily volume, considering only the 4 (*) western major exchanges, was more or less 90K btc .

If you take into in consideration also far-east (read: chinese) counterpart you'll reach a grand total of 520K btc.

So 50K represents less than 1/10th of the daily exchanged bitcoin even in a depressed market phase like this one.

That said, draw your conclusions.

(*) Bitfinex, Bitstamp, BTC-e and Coinbase

steven.G999

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Quote from: newIndia on March 05, 2015, 08:40:40 AM

Quote from: DeboraMeeks on March 05, 2015, 06:21:16 AM

http://insidebitcoins.com/news/us-government-schedules-third-silk-road-bitcoin-auction/30012

Taking place today, 5^th March, 2015, the third seized 50,000 Bitcoins auction took place with the bidders having six hours, i.e.; 8 am to 2 pm to submit their bids.

What do you think on "how this will actually affect the price at any cost"?

Share your views on what will be the outcome after the third auction of stolen coins.

These auctions do not hit the market directly. So, they are not a problem except the panic factor.

and I see it's been 5 days bitcoin prices rise, is this from the effects of the auction?

Onestopbrokers Directory

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It depends. Auctions always indicates how the price will go in the future.

There is a poll on www.onestopbrokers.com about "Will Digital Currencies become more popular in 2015?" you can share your view here by selecting from the 3 answers and see what other people believe.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Quote from: Snipe85 on March 05, 2015, 06:37:33 PM

I don't know why people are so excited about an auction they aren't taking part in. Not much happened after the previous ones and nothing will this time, you can go back to whatever you were doing.

Lol, it's just about an opinion... And yes, if you don't take part in something, I don't think that you are anywhere bound to not post any opinion regarding the same. Do you mean we should first just go there, bid for 2k BTC block, and then come here and start some discussion?

So, people talking about the Giants should become a Giant first, right?

bitllionaire

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I think that I want them to sell all the coins they have once at all, the auctions are not good at all for bitcoin, high vendor presure

Snipe85

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Infleum

I don't know why people are so excited about an auction they aren't taking part in. Not much happened after the previous ones and nothing will this time, you can go back to whatever you were doing.

resya

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I dont know what's going on with this giant auction but the two ETFs that are forming and getting approved are eventually going to skyrocket the bitcoin price so I don't care what happens day to day, I'm not selling my coins from now on till it passes $350

galbros

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Preliminary evidence is that the auction went well. http://www.coindesk.com/third-usms-bitcoin-auction-bidder-interest/

We'll know more next week.

Denker

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Quote from: gkv9 on March 05, 2015, 12:34:47 PM

Quote from: Denker on March 05, 2015, 10:39:37 AM

Nothing will happen! Oh my gosh relax guys!!

Oh really??? Well, mind explaining it to us?
I think the effect has already been started as some small sell-offs have already taken place and dropped the price a bit down, you should thank people that the volume of sells ain't that big yet, else we would have been under 250s till now...

Because former auctions never had any negative effect on the price! Simple is that! Roll Eyes

dothebeats

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If bidders hodls - GOOD
If bidders sells - BAD

Let's see what the big players' take will be in this auction. Oh wait! Isn't it finished already? o.O

bri912678

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Quote from: ciappa on March 05, 2015, 02:20:09 PM

Any News? auction should be over

I cannot find out how many bidders there were, or who won yet. It took a day or two after the last auctions before we started to get information. Maybe tomorrow we might hear something.

dothebeats

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Quote from: ajareselde on March 05, 2015, 02:34:55 PM

To what point is this thread actually ? Its nothing new, the auction was schreduled a long time ago, and it was known to be bidding today.
The former auctions didnt cause the price to go down, the price decrease was caused by many bad news, articifialy raised price, and scepticism in general.
Yelling alert alert would be something expected when the auction was announced, but certanly not now.

cheers

The thread is mainly for discussion and opinions of others regarding the auction for today. Plain simple.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

To what point is this thread actually ? Its nothing new, the auction was schreduled a long time ago, and it was known to be bidding today.
The former auctions didnt cause the price to go down, the price decrease was caused by many bad news, articifialy raised price, and scepticism in general.
Yelling alert alert would be something expected when the auction was announced, but certanly not now.

cheers

ciappa

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Any News? auction should be over

tss

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everyone in a panic for no reason. who ever buys these coins will not take them to market. they will most likely be used as an investment or to back btc business like an exchange. price is just price. you cant keep going up and up without some people taking their profits.

L

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Quote from: LiteCoinGuy on March 05, 2015, 12:53:49 PM

Alert!!! Auction Again!!! What do you think?

nothing. i dont care.

Yeah, too much money involved, it just doesn't matter for non-millionaires.

DeboraMeeks

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Quote from: LiteCoinGuy on March 05, 2015, 12:53:49 PM

Alert!!! Auction Again!!! What do you think?

nothing. i dont care.

Awww... Don't be that rude to us, Mr. LiteCoinGuy... Tongue

Anyways, if you can post your opinion, it would be better than showing off like you actually don't care. This is what this thread is for, opinions!!!

Topic: Alert!!! Auction Again!!! What do you think? (Read 2879 times)