Topic: Govt Auction... Round 3 - page 2. (Read 2676 times)
Not a bad price if you have the small change to bid for a block
Definitely a once in a lifetime opportunity to buy this much amount of Bitcoins at sub-300 USD price range. I hope that the auction attracts a lot of interest from big players, although I can't agree 100% with the ethical perspective of the sale.
It is acctually not about, who is buying them, but more about... what they do with them.
If a private buyer like Tim buy them and he hoards them, the price should stay the same. {It was hoarded by the Government and then it was once again hoarded by a private buyer}
It should only have a impact on the price, if someone buy the coins for a "cheap" price and sell them all at a exchange. {Supply & demand... the more BTC dropped on a exchange, would increase the supply and in theory will push the price down, if that supply exceeds the demand for it.}
So let's hope, whoever buy them, will hoard them.... or release them in small quantities over a longer period to keep the price stable.
If a private buyer like Tim buy them and he hoards them, the price should stay the same. {It was hoarded by the Government and then it was once again hoarded by a private buyer}
It should only have a impact on the price, if someone buy the coins for a "cheap" price and sell them all at a exchange. {Supply & demand... the more BTC dropped on a exchange, would increase the supply and in theory will push the price down, if that supply exceeds the demand for it.}
So let's hope, whoever buy them, will hoard them.... or release them in small quantities over a longer period to keep the price stable.
I wonder if Draper will buy anymore in this 3rd auction or not.
I would think that's a given...an opportunity to decrease average buyin price for the total auctioned coins. On top of that, to make sure they are in the hands of a "Bitcoin person".
I wonder if Draper will buy anymore in this 3rd auction or not.
Every time when US Marshals Dump Bitcoins in Auction, the price is going down. This time also it may happen.
wow, Whales need to buy the 50K as low as possible and then they will let it rise
Usually exchanges buy them.tl;dr - in half of the auctions exchanges purchased none of the coins
After checking, you are correct.
Exchanges/investment firms bid on them in both auctions, but yes Draper won them all in the first go around (30,000 btc).
In the second auction, Draper won 2,000 btc and the remaining 48,000 btc went to secondmarket.
http://www.coindesk.com/secondmarket-syndicate-bidders-real-winners-bitcoin-auction/
wow, Whales need to buy the 50K as low as possible and then they will let it rise
Usually exchanges buy them.tl;dr - in half of the auctions exchanges purchased none of the coins
Let's hope that this auction doesn't negatively affect the BTC price too much.
These coins aren't usually dumped on the market.
Exchanges usually buy them at a good price and sell them for a better price.
Hacked coins are usually dumped coins.
anyway the discussion is on people lowing the market exchange rate so that the auction will take place when the bitcoin price is low
...
Last round of US GOV auction didn't even have much interest of bidders, to buy up the cheaper coins.
BTC price decline to due to BTC reaching its current actual reasonable price.
Its not like after all the auctions, BTC is gonna jump to $800.
Violence is one thing, but there is nothing wrong with selling or doing drugs. I did crack/heroin/acid/etc. on weekends when I was a kid and looking back on it don't feel like I was a victim of anything other than the government enforcement. It was fun and contributed to my youth and quality/variety of life. Those coins were stolen by the U.S. government.
Let's hope that this auction doesn't negatively affect the BTC price too much.
These coins aren't usually dumped on the market.
Exchanges usually buy them at a good price and sell them for a better price.
Hacked coins are usually dumped coins.
if exchanges got these coins, you can be sure that they bought below market price and will sell them for a profit whenever they had the chance (look at their past low bids).
anyway the discussion is on people lowing the market exchange rate so that the auction will take place when the bitcoin price is low
on the other hand, there are lots of hacked coins that became dormant for a period of time
Let's hope that this auction doesn't negatively affect the BTC price too much.
These coins aren't usually dumped on the market.
Exchanges usually buy them at a good price and sell them for a better price.
Hacked coins are usually dumped coins.
Let's hope that this auction doesn't negatively affect the BTC price too much.
I wish the world would BOYCOTT these thieves.
They dont deserve a dime for STEALING from him.
He got railroaded to a guilty verdict with trumped up charges
and they sell off his possessions. Land of the free.....
They dont deserve a dime for STEALING from him.
He got railroaded to a guilty verdict with trumped up charges
and they sell off his possessions. Land of the free.....
Yea just like Pablo Escobar. Just a man tryin to make money and the colombian govt stomped all over a hard working entrepreneur.
I wish the world would BOYCOTT these thieves.
They dont deserve a dime for STEALING from him.
He got railroaded to a guilty verdict with trumped up charges
and they sell off his possessions. Land of the free.....
They dont deserve a dime for STEALING from him.
He got railroaded to a guilty verdict with trumped up charges
and they sell off his possessions. Land of the free.....
Yea just like Pablo Escobar. Just a man tryin to make money and the colombian govt stomped all over a hard working entrepreneur.
I wish the world would BOYCOTT these thieves.
They dont deserve a dime for STEALING from him.
He got railroaded to a guilty verdict with trumped up charges
and they sell off his possessions. Land of the free.....
They dont deserve a dime for STEALING from him.
He got railroaded to a guilty verdict with trumped up charges
and they sell off his possessions. Land of the free.....
I wasn't aware of this news.. Thanks for sharing!
Another BTC auction with 50k coins. I wonder what will be the moving effect on the price this time? Lower than $200 when the auction starts?
50,000 btc to be auctioned on March 5th.
http://dealbook.nytimes.com/2015/02/18/u-s-announces-third-bitcoin-auction/?_r=0
http://dealbook.nytimes.com/2015/02/18/u-s-announces-third-bitcoin-auction/?_r=0
Old story: http://www.coindesk.com/us-marshals-auction-50000-bitcoins-march/
I don't see as many players this time... when each time they could have waited and got in cheaper. Draper in or out?
wow, Whales need to buy the 50K as low as possible and then they will let it rise
Usually exchanges buy them. Jump to: