Topic: Effect of Ulbricht's 50,000 Btc Auction - page 3. (Read 2462 times)
On March 5th, 2015, the United States Marshals Service concluded its second online auction of bitcoins seized from Ross Ulbricht. The sealed bid auction was for 50,000 bitcoins divided into two series. The first series comprised ten blocks of 2,000 bitcoins and the second had ten blocks of 3,000 bitcoins. Bidders had to deposit US$ 100,000 for the first series and US$ 150,000 for the second series. The total number of bids stood at 34 from 14 bidders, and the value of the bitcoins at current market rates stands just shy of US$ 14 million.
The winning bidder will be notified on March 6th, 2014, and will be required to wire payment to the USMS by 2:00 pm, Monday, March 9th, 2015
Source : https://www.cryptocoinsnews.com/us-marshals-conclude-online-bitcoin-auction-ross-ulbrichts-bitcoins/
So what do you think, will be the effect of this on market.
The winner will be disclosed on 9-10 march .
What if the Person dumps those coins ?
Are we ready to take such a big hit?
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