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Topic: Bitcoin Investment Trust Syndicate Wins 48,000 BTC in US Marshals Auction (Read 1777 times)

sr. member
Activity: 374
Merit: 250
bitcoin is the future thats why these investment companies are taking notice i hope bitrust does well in the future
legendary
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
Is it a Single Trust with multiple bidders who won the different blocks for them? I've read the article, but still can't get it who actually got those coins...
member
Activity: 77
Merit: 10
Great for them! The ones who made the most are the US Government, they spent nothing (except salaries of a day for FBI team) to get all those bitcoins!
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Participate in the auction number and not as good as last time funds.
Price went down, many people probably lost money from the previous purchase.
sr. member
Activity: 476
Merit: 250
Participate in the auction number and not as good as last time funds.
hero member
Activity: 658
Merit: 500
Draper may have bid lower than market this time, I think that guy is not that great at bidding as he is for recognizing great ideas. Tongue If the syndicate won so much coins the logical conclusion is that bids were very low this this round, I don't think there are much people in those groups that need Bitcoin from us marshall.
It appears there was overall less interest in this auction as it both received less bidders and less bids. I would not be surprised if the discount was larger this time around then it was when the USMS auctioned the silk road coins last time
sr. member
Activity: 308
Merit: 250
What is this Bitcoin Investment Trust Syndicate ?

A shell company run by some guy that goes by "Ross"...

These 48,000 BTC will be divided by 104 bidding partners. So that might not be all  big guys.

Great. I didn't know about this detail.

Thanks.

hero member
Activity: 924
Merit: 1000
Draper may have bid lower than market this time, I think that guy is not that great at bidding as he is for recognizing great ideas. Tongue If the syndicate won so much coins the logical conclusion is that bids were very low this this round, I don't think there are much people in those groups that need Bitcoin from us marshall.
hero member
Activity: 882
Merit: 595
will this affect with the price of bitcoin ?
sr. member
Activity: 434
Merit: 250
Actually there are 104 (syndicate) +1 winners. T
legendary
Activity: 1582
Merit: 1064
This is great news.
So in effect there were only 2 winners.
sr. member
Activity: 462
Merit: 250
2% admin fee? That's a sweet deal for the managers....
hero member
Activity: 658
Merit: 500
These 48,000 BTC will be divided by 104 bidding partners. So that might not be all  big guys.
I think this fact would make it even more significant. It shows that many people with a lot of money behind them are willing to believe in and invest in bitcoin
hero member
Activity: 882
Merit: 500
What is this Bitcoin Investment Trust Syndicate ?

A shell company run by some guy that goes by "Ross"...
hero member
Activity: 1395
Merit: 505
2% annual "administrative and safekeeping fee" and a $25,000 minimum if you want to invest:

http://www.bitcointrust.co/

Nice to know that the 2 minutes I spent learning how to use brainwallet may eventually save me $500 or more per year
legendary
Activity: 2226
Merit: 1052
What is this Bitcoin Investment Trust Syndicate ?
sr. member
Activity: 434
Merit: 250
These 48,000 BTC will be divided by 104 bidding partners. So that might not be all  big guys.
sr. member
Activity: 308
Merit: 250

That's great news! It shows that the "big guys" are arriving... Bitcoin's got a great future, we are the fortunate ones to be here already Cheesy


legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
i guess "crazy bitcoin bull draper" bid 400 USD and the Bitcoin Investment Trust Syndicate above that price Cheesy
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