FBI U.S. Marshals Auction Prices Leaked! (Bullish)

BurtW

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Quote from: bitboy11 on July 17, 2014, 02:51:09 AM

Seems like BS.
I thought they were only honouring 1 bid per enterprise.

Since you do not have a paid ad in your signature I will answer your question that indicates you did not read any of the thread at all. The OP is totally made up trollshit and the USMS allowed one bid per $200,000 on deposit. You could make as many bids as you wanted to as long as you sent in $200,000 deposit per bid.

bitboy11

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Seems like BS.
I thought they were only honouring 1 bid per enterprise.

BurtW

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Please post a link to the source of this new information in your post. Unless, of course, you are good buddies with him and he told you all that over a round of golf.

My FOIA has not been denied. If they are exempt they have to explain that - they have not.

DannyElfman

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Quote from: DjPxH on July 16, 2014, 03:34:41 PM

Quote from: counter on July 16, 2014, 03:31:58 PM

Quote from: Bit_Happy on July 16, 2014, 01:33:34 PM

I have been expecting higher than market value since the "whales" do not have to send money to unregulated exchanges.

Very valid point and a good reason to expect high bids. Did you expect a drop in the price of Bitcoin also after or at some point during the auction?

Am I trapped in some kind of time vortex? The auction is long over! We're basically waiting for someone to reveal their losing bets or the FOIA requests to get fulfilled (which may take a lot of time or happen never)...

Neither of this will happen. Draper has a good reason to want to keep his price a secret and the USMS agreed to keep it secret. They are exempt from the FOIA in this case due to trade secrets.

DjPxH

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Quote from: CoinDiver on July 16, 2014, 03:35:57 PM

I assume this is coming back up because the winner is back in the news over the 6 Californias thing.

Yeah, but there are people ('counter') talking about the auction as if it was taking place in the future. Which is odd, to say the least... I mean, there are supposedly upcoming auctions of the remaining funds that have been seized, but I guess it still takes quite some time for them to be auctioned off...

CoinDiver

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I assume this is coming back up because the winner is back in the news over the 6 Californias thing.

DjPxH

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Quote from: counter on July 16, 2014, 03:31:58 PM

Quote from: Bit_Happy on July 16, 2014, 01:33:34 PM

I have been expecting higher than market value since the "whales" do not have to send money to unregulated exchanges.

Very valid point and a good reason to expect high bids. Did you expect a drop in the price of Bitcoin also after or at some point during the auction?

Am I trapped in some kind of time vortex? The auction is long over! We're basically waiting for someone to reveal their losing bets or the FOIA requests to get fulfilled (which may take a lot of time or happen never)...

counter

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Quote from: Bit_Happy on July 16, 2014, 01:33:34 PM

I have been expecting higher than market value since the "whales" do not have to send money to unregulated exchanges.

Very valid point and a good reason to expect high bids. Did you expect a drop in the price of Bitcoin also after or at some point during the auction?

BurtW

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Quote from: keithers on July 16, 2014, 01:41:13 PM

This thread can probably be closed since the auction has come and gone already. I am wondering where the original numbers came from?

What original numbers? Do you mean the total made up bullshit of the OP? Or are you talking about some other original numbers?

keithers

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This thread can probably be closed since the auction has come and gone already. I am wondering where the original numbers came from?

Bit_Happy

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A Great Time to Start Something!

Quote from: fryarminer on June 30, 2014, 04:22:07 PM

These numbers could be high - but with a sealed bid auction I expect the winning bid would be higher than market value, probably by a considerable amount.

We should be able to tell how high they bid by looking at the market value of bitcoin over the week, since I suppose that those who did not win the auction will go ahead and buy bitcoin at their bid price to soothe their loss (presuming they bit above market value).

I have been expecting higher than market value since the "whales" do not have to send money to unregulated exchanges.

BurtW

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Quote from: QuestionAuthority on July 16, 2014, 10:27:35 AM

Quote from: BurtW on July 16, 2014, 10:19:21 AM

I am still waiting for my FOIA request to be processed. It has not been accepted but then again it has not been rejected either.

Good luck with that. I made a Freedom of Information Act request for a paper I was writing as a Sophomore in college. I received the info I requested a little over a year after I graduated.

Well...

I am certainly not holding my breath.

BurtW

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Quote from: BitCoinDream on July 16, 2014, 10:27:06 AM

Quote from: abercrombie on June 30, 2014, 04:38:35 AM

Solid lead? Believe it or not... Shocked

1 - Pantera - $900
2 - SecondMarket - $750
3 - SecondMarket - $700
4 - DRW Trading Group - $700
5 - Coinbase - $685
6 - Rangeley Capital - $660
7 - SecondMarket - $651
8 - Coinbase - $640
9 - Matrix Capital Management - $601

http://redd.it/29geoq

Is Pantera Tim Draper's company ?

Please note that all of the information in the OP is totally made up bullshit.

QuestionAuthority

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Quote from: BurtW on July 16, 2014, 10:19:21 AM

I am still waiting for my FOIA request to be processed. It has not been accepted but then again it has not been rejected either.

Good luck with that. I made a Freedom of Information Act request for a paper I was writing as a Sophomore in college. I received the info I requested a little over a year after I graduated.

BitCoinDream

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Quote from: abercrombie on June 30, 2014, 04:38:35 AM

Solid lead? Believe it or not... Shocked

1 - Pantera - $900
2 - SecondMarket - $750
3 - SecondMarket - $700
4 - DRW Trading Group - $700
5 - Coinbase - $685
6 - Rangeley Capital - $660
7 - SecondMarket - $651
8 - Coinbase - $640
9 - Matrix Capital Management - $601

http://redd.it/29geoq

Is Pantera Tim Draper's company ?

BurtW

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All paid signature campaigns should be banned.

I am still waiting for my FOIA request to be processed. It has not been accepted but then again it has not been rejected either.

franckuestein

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Truth will out!

Well guys! Finally what price do you think that Tom offered on the Auction?

BurtW

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Quote from: The00Dustin on July 14, 2014, 06:24:40 AM

Don't we also know he paid one price for all of them because the auction description stated that everyone would pay at the same rate as the lowest winning bid (leading someone to claim it was a dutch auction even though that wasn't entirely accurate)? I thought I read that in an official document, and it would imply that he paid one price even if he made multiple winning bids.

No, it did not say that at all. The document stated that the highest bidder would take as many lots as they bid for, then the next highest bidder would take the number they bid for or the lots left whichever was less - if there were any left, etc. Straight up highest bidder auction right down the line.

The00Dustin

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Quote from: BurtW on July 09, 2014, 09:33:47 AM

Quote from: murraypaul on July 09, 2014, 06:38:21 AM

Quote from: Anastasio on July 09, 2014, 05:08:56 AM

Quote from: BurtW on July 09, 2014, 04:30:40 AM

Quote from: ALToids on July 09, 2014, 03:51:49 AM

Since they were sold in segments perhaps some of the coins went for $900 and the rest below? If somebody bid $900 per coin on one of the 3000 coin wallets...

One person bought all the coins. He paid the same price for all of them.

How do we know that?

We know that one person bought all the coins.
I don't think we know that he paid the same price for all of them.

Yes, I admit I made the assumption that he only put up one bid for all the lots because then he would have only had to come up with $200,000 for the deposit. That made the most sense to me: one bid for all the lots = $200,000 in deposits. This assumption was driven by my own feelings that a $200,000 deposit is "a lot of money".

However, it is true that on the other end of the spectrum he could have put up 10 bids, each for only one lot and all at different prices. In this case he would have had to put up $2,000,000 for the bid deposits. But this would also be a very rational bidding strategy even though in hindsight he ended up "bidding against himself". And thinking about it even more this is more probably what he did because then he could be almost assured of winning at least one lot.

So, you are correct, we do not know he paid the same price for all of them, it is very likely he paid different prices for the lots, and we only know he bought them all.

Don't we also know he paid one price for all of them because the auction description stated that everyone would pay at the same rate as the lowest winning bid (leading someone to claim it was a dutch auction even though that wasn't entirely accurate)? I thought I read that in an official document, and it would imply that he paid one price even if he made multiple winning bids.

RepublicSpace

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Quote from: CokeCoin on July 14, 2014, 05:27:40 AM

Quote from: TheTruth4 on July 07, 2014, 03:31:46 AM

"Don't believe everything you read on the Internet!" - Thomas Jefferson

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I want to Believe - Fox Mulder

Topic: FBI U.S. Marshals Auction Prices Leaked! (Bullish) (Read 10913 times)