Is there a min buy in?
5000$, written in the landing page.
Topic: Group buy for the silkroad auction - page 2. (Read 2388 times)
5000$, written in the landing page.
The 200k is just the deposit. You still have to pay the full bid amount (likely close to the market price for 3,000 btc
Wouldn't it be the final bid amount + auction fees minus the 200k deposit? Where is a million dollar lottery ticket when you need it!
We're doing exactly this. Take a look https://www.govcoins.com
Is there a min buy in?
sr. member
Activity: 448
Merit: 250
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I'm very interested about that.
If I would have +200$k I would buy one block asap but sadly I don't have that kind of money.
But group buy really sounds interesting.
Keep me updated.
Some people are dreaming too much...you have to deposit 200k to be able to bid. So they can see that you are wealthy enought to bid larger sums. I doubt anyone will be able to buy a 3k bitcoin block for just 200k, rather 1 million +...If I would have +200$k I would buy one block asap but sadly I don't have that kind of money.
But group buy really sounds interesting.
Keep me updated.
The 200k is just the deposit. You still have to pay the full bid amount (likely close to the market price for 3,000 btc
I'm very interested about that.
If I would have +200$k I would buy one block asap but sadly I don't have that kind of money.
But group buy really sounds interesting.
Keep me updated.
Some people are dreaming too much...you have to deposit 200k to be able to bid. So they can see that you are wealthy enought to bid larger sums. I doubt anyone will be able to buy a 3k bitcoin block for just 200k, rather 1 million +...If I would have +200$k I would buy one block asap but sadly I don't have that kind of money.
But group buy really sounds interesting.
Keep me updated.
I'm very interested about that.
If I would have +200$k I would buy one block asap but sadly I don't have that kind of money.
But group buy really sounds interesting.
Keep me updated.
If I would have +200$k I would buy one block asap but sadly I don't have that kind of money.
But group buy really sounds interesting.
Keep me updated.
Definitely some opportunity there. Will be interesting to see what they end up going for.
I am not sure if they will allow representative parties to bid
That said if someone made a 200K deposit on behalf of a group of parties and entered the auction it may be possible to resell them to the ones who wanted these coins.
They would need proof that they are an official bidder in the auction though.
That said if someone made a 200K deposit on behalf of a group of parties and entered the auction it may be possible to resell them to the ones who wanted these coins.
They would need proof that they are an official bidder in the auction though.
We're doing exactly this. Take a look https://www.govcoins.com
legendary
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Merit: 1115
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I am not sure if they will allow representative parties to bid
That said if someone made a 200K deposit on behalf of a group of parties and entered the auction it may be possible to resell them to the ones who wanted these coins.
They would need proof that they are an official bidder in the auction though.
That said if someone made a 200K deposit on behalf of a group of parties and entered the auction it may be possible to resell them to the ones who wanted these coins.
They would need proof that they are an official bidder in the auction though.
Would there be interest in this?
Right now the terms are:
Required Registration Items:
A manually signed pdf copy of the Bidder Registration Form
A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
$200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)
So that's a 67$ per coin deposit if these deposits are for bids per "block", before the bidding starts.
Of course it'll end up much higher...
Series Bitcoins per Block Blocks Available Total Bitcoins Available in Series
A 3,000.00000000 9 27,000.00000000
B 2,656.51306529 1 2,656.51306529
Total
29,656.51306529
edit: 67$ figure assuming the 200k/3k will be the starting price
edit2: apparently in foreclosure auctions in the states 10% of the valuation should be paid as refundable deposit, so 200k would mean a price valuation of 666$ for 3k blocks.
66.6$ Right now the terms are:
Required Registration Items:
A manually signed pdf copy of the Bidder Registration Form
A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
$200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)
So that's a 67$ per coin deposit if these deposits are for bids per "block", before the bidding starts.
Of course it'll end up much higher...
Series Bitcoins per Block Blocks Available Total Bitcoins Available in Series
A 3,000.00000000 9 27,000.00000000
B 2,656.51306529 1 2,656.51306529
Total
29,656.51306529
edit: 67$ figure assuming the 200k/3k will be the starting price
edit2: apparently in foreclosure auctions in the states 10% of the valuation should be paid as refundable deposit, so 200k would mean a price valuation of 666$ for 3k blocks.
I think its very interesting -in principal, but I think too it would be one of the biggest group buys. But I don't know if here are enough people interested in (potential) cheap bitcoins 
Would there be interest in this?
Right now the terms are:
Required Registration Items:
A manually signed pdf copy of the Bidder Registration Form
A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
$200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)
So that's a 67$ per coin deposit if these deposits are for bids per "block", before the bidding starts.
Of course it'll end up much higher...
Series Bitcoins per Block Blocks Available Total Bitcoins Available in Series
A 3,000.00000000 9 27,000.00000000
B 2,656.51306529 1 2,656.51306529
Total
29,656.51306529
edit: 67$ figure assuming the 200k/3k will be the starting price
edit2: apparently in foreclosure auctions in the states 10% of the valuation should be paid as refundable deposit, so 200k would mean a price valuation of 666$ for 3k blocks.
Right now the terms are:
Required Registration Items:
A manually signed pdf copy of the Bidder Registration Form
A copy of a Government-issued photo ID for the Bidder (or Control Person(s) of Bidder)
$200,000 USD deposit sent by wire transfer originating from a bank located within the United States (please provide receipt of transfer)
So that's a 67$ per coin deposit if these deposits are for bids per "block", before the bidding starts.
Of course it'll end up much higher...
Series Bitcoins per Block Blocks Available Total Bitcoins Available in Series
A 3,000.00000000 9 27,000.00000000
B 2,656.51306529 1 2,656.51306529
Total
29,656.51306529
edit: 67$ figure assuming the 200k/3k will be the starting price
edit2: apparently in foreclosure auctions in the states 10% of the valuation should be paid as refundable deposit, so 200k would mean a price valuation of 666$ for 3k blocks.
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