FBI U.S. Marshals Auction Prices Leaked! (Bullish) - page 3.

darkota

hero member

Activity: 770

Merit: 500

Quote from: abercrombie on June 30, 2014, 04:58:23 AM

Quote from: WoopDeBoop on June 30, 2014, 04:54:36 AM

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

It's a blind auction, and only 1 bid allowed. Just make your bid and hope for the best.

There is no transparency like eBay,

$900 for a Bitcoin my ass. The OP is a newbie account, this is just fake info.

franckuestein

legendary

Activity: 1960

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Truth will out!

Quote from: cp1 on July 03, 2014, 02:14:47 PM

I think whenever you put currency into wall street's hands it automatically becomes dirty.

Take a look on the experience and previous projects of Tim...

His company (DFJ) funded Skype and Hotmail. Invested in Tesla and SpaceX.
In my case I smile when I see that he's very involved with science and technology projects!

birr

hero member

Activity: 870

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Quote from: snufflufagus on July 03, 2014, 03:24:04 PM

"I just want to dive into a pile of bitcoins like Scrooge McDuck." Said Tim Draper when asked about his plans for the bitcoins purchased.

BayAreaCoins

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Owner at AltQuick.com

Quote from: LostDutchman on July 04, 2014, 08:22:53 AM

No, it does not and your statement is not the point.

The egay software sutomatically sets the levels of increase in the price of a bud, such that a bidder might bid $500, while the increase in the bid shown online is only $10, hence the successful bidder might get the item for less than he is willing to pay.

This allows a bidder to set a maximum bid and not go over it.

Also the fed auction cannot be "sniped" by software as can egay.

The fed auction and egsy auctions are similar animals but very different species.

His .02 cents! Grin

bahaha ok sorry that is the last time I swear.

LostDutchman

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Activity: 476

Merit: 250

Quote from: WoopDeBoop on July 04, 2014, 12:10:42 AM

Quote from: LostDutchman on July 03, 2014, 11:36:28 PM

Quote from: WoopDeBoop on June 30, 2014, 04:54:36 AM

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

The fed auction does not work like egay.

Yes it does, if someone had bid $900 and someone else bid $901.23 who would have won?

No, it does not and your statement is not the point.

The egay software sutomatically sets the levels of increase in the price of a bud, such that a bidder might bid $500, while the increase in the bid shown online is only $10, hence the successful bidder might get the item for less than he is willing to pay.

This allows a bidder to set a maximum bid and not go over it.

Also the fed auction cannot be "sniped" by software as can egay.

The fed auction and egsy auctions are similar animals but very different species.

poncom

sr. member

Activity: 318

Merit: 250

Quote from: freedomno1 on July 04, 2014, 06:21:53 AM

Quote from: taylortyler on July 03, 2014, 10:15:59 PM

There's no way a winning bid was over 900. If it was, he would be telling the world right?

........ we do know it is above around 550 from other bidders.

Can you post a link to a statement from any of the other bidders saying they bid around 550?

freedomno1

legendary

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Learning the troll avoidance button :)

Quote from: taylortyler on July 03, 2014, 10:15:59 PM

There's no way a winning bid was over 900. If it was, he would be telling the world right?

Not quite because their is no way to tell how the market would react to it in the long run
Perhaps it would work but we do know it is above around 550 from other bidders.

WoopDeBoop

full member

Activity: 271

Merit: 101

Quote from: LostDutchman on July 03, 2014, 11:36:28 PM

Quote from: WoopDeBoop on June 30, 2014, 04:54:36 AM

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

The fed auction does not work like egay.

Yes it does, if someone had bid $900 and someone else bid $901.23 who would have won?

BayAreaCoins

legendary

Activity: 3934

Merit: 1248

Owner at AltQuick.com

Quote from: LostDutchman on July 03, 2014, 11:36:28 PM

Quote from: WoopDeBoop on June 30, 2014, 04:54:36 AM

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

The fed auction does not work like egay.

His .02 cents! Tongue

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: WoopDeBoop on June 30, 2014, 04:54:36 AM

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

The fed auction does not work like egay.

taylortyler

member

Activity: 84

Merit: 10

There's no way a winning bid was over 900. If it was, he would be telling the world right?

BitPhotos

sr. member

Activity: 336

Merit: 250

MTA, ACA

eh idk, like everyone else said, this is a rumor so we will see when we see

BayAreaCoins

legendary

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Owner at AltQuick.com

Quote from: cbeast on June 30, 2014, 05:25:09 AM

They all overbid.

Hilarious

snufflufagus

newbie

Activity: 8

Merit: 0

"I just want to dive into a pile of bitcoins like Scrooge McDuck." Said Tim Draper when asked about his plans for the bitcoins purchased.

-Reuters news person

Hey, if Reuters news person said it, it must be true. Don't question it.

CoinDiver

hero member

Activity: 778

Merit: 1002

$18m figure likely comes from the market value, and not the actual bid. It's likely cleverly worded to make you think they have more data than they really do.

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

I think whenever you put currency into wall street's hands it automatically becomes dirty.

Ron~Popeil

sr. member

Activity: 406

Merit: 250

Quote from: Coin_Master on July 03, 2014, 01:42:35 AM

Quote from: QuestionAuthority on July 01, 2014, 10:43:16 PM

That's true but why would you want that many btc at once? Spending spree at overstock?

If you want to hoard that many buy them slowly over a few weeks time and pay no markup over spot.

It should be obvious why BlackRock / Pantera Capital would want to buy "verifiably clean" bitcoins.
DannyElfman's assertion that "Since bitcoin is fungible any coins are just as good as any other coins" is misguided.
What happens when BlackRock "the world’s largest asset manager" with more than $4.32 Trillion US dollars under management pushes the issue, and Wall Street Investors demand "verifiably clean" bitcoins?
Who wants to be associated with "criminal activities" and "terrorists" using unqualified coins?

Wake up and smell the coffee man Wink

Do investors in money market accounts demand clean currency? Do forex traders only buy and sell "clean" currency? Currency is currency is currency.

keithers

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Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: gjgjg on July 03, 2014, 04:02:27 AM

Quote from: freedomno1 on July 03, 2014, 01:45:36 AM

Well I watched the press conference video
From that all I know is that he outbid the other bidders so I guess two ways to approach it
1. Ask what other people bid for that lost
2. Get him to spill the beans Cool

Well, I read on a number of places that he spent ~18mil$ on the 30k coins, so that comes to about $600 per coin - about 10% more than the market value on the same day as the auction

now i hope the cheap ass bidders who lost are spending their unspent money on the exchanges buying BTC the old fashioned way

$18 mill is a more reasonable number. Reuters was reporting that I believe. That sounds about right for a purchase of that many coins. Slight discount, but nothing atrocious...

gjgjg

sr. member

Activity: 448

Merit: 250

Quote from: freedomno1 on July 03, 2014, 01:45:36 AM

Well I watched the press conference video
From that all I know is that he outbid the other bidders so I guess two ways to approach it
1. Ask what other people bid for that lost
2. Get him to spill the beans Cool

Well, I read on a number of places that he spent ~18mil$ on the 30k coins, so that comes to about $600 per coin - about 10% more than the market value on the same day as the auction

now i hope the cheap ass bidders who lost are spending their unspent money on the exchanges buying BTC the old fashioned way

BurtW

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All paid signature campaigns should be banned.

Quote from: keithers on July 03, 2014, 02:12:13 AM

I dont buy it. The numbers are too round and too high

Are you talking about the OP? Obviously the OP is just a steaming pile of trollshit.

Topic: FBI U.S. Marshals Auction Prices Leaked! (Bullish) - page 3. (Read 10913 times)