Guys, any news on the auction?
Haven't heard any news except that the auction actually held...
Topic: How will the US Gov't auction effect the price of bitcoin? (Read 2662 times)
This is your answer:
Some manipulators are buying up the price to force bidders to bid at a higher price at 05/03/2015 for the 50k bitcoins of the US MARSHALS auction.
They will dump the market to hell with all bitcoins they recently bought before 09/03/2015 (the deadline winner bidders have to pay US MARSHALS to get their 50k coins), the market price will crash very hard to sub $200, winner bidders will then be forced to sell with those manipulators and the crash will become even harder to test sub $100.
Those manipulators will short alone with this crash to gain a huge profit, that's how this pump and dump is going to end, you have been warned to not follow this fake recover! this time will be worse than $300 fake pump of coinbase scam news scheme!
They will dump the market to hell with all bitcoins they recently bought before 09/03/2015 (the deadline winner bidders have to pay US MARSHALS to get their 50k coins), the market price will crash very hard to sub $200, winner bidders will then be forced to sell with those manipulators and the crash will become even harder to test sub $100.
Those manipulators will short alone with this crash to gain a huge profit, that's how this pump and dump is going to end, you have been warned to not follow this fake recover! this time will be worse than $300 fake pump of coinbase scam news scheme!
ergh. not you again faaaallling.
While I normally expect this to hurt the price, it looks like it went pretty well overall:
http://www.coindesk.com/third-usms-bitcoin-auction-bidder-interest/
With the recent good news and price uptick, finally a little cause for optimism in bitcoin land!
http://www.coindesk.com/third-usms-bitcoin-auction-bidder-interest/
With the recent good news and price uptick, finally a little cause for optimism in bitcoin land!
If a smart bidder wins the auction, he could sell w/o depressing the price at all if he buys one btc on margin for every coin he sells.
Probably decrease the price, the government will sell the coins at lower than market value because they want to sell them fast. With this volume of coins being undervalued it could have some negative effects on the price.
The bidders aren't financially retarded, though. They didn't get rich by being idiots. They know that if they were to buy 50k coins from exchanges all at once, they would run up the price and have to pay more for the 50k coins. So, they put in their bids accordingly, knowing that the other bidders are also aware of that fact. In other words, easily paying a higher price than what is listed on exchanges. 
Probably decrease the price, the government will sell the coins at lower than market value because they want to sell them fast. With this volume of coins being undervalued it could have some negative effects on the price.
Has this auction happened yet?
We have seen a drop but a very small one considering so all is looking good at the moment.
This is true these guys are usually in it for the long run, hoarders of the sort..
We have seen a drop but a very small one considering so all is looking good at the moment.
unlikely to have any impact unless the purchase price is somehow leaked and the market will gravitate towards that number. usually these auctions winners dont dump the coins on the market after the auction.
This is true these guys are usually in it for the long run, hoarders of the sort..
Well I heard it was Taylor Swift buying at this auction.
unlikely to have any impact unless the purchase price is somehow leaked and the market will gravitate towards that number. usually these auctions winners dont dump the coins on the market after the auction.
I don't think the price is the most important thing, the number of bids and who the buyer is, is more important in my opinion.If Bill Gates buys in it is better for bitcoin than a nobody buying in a higher price.
unlikely to have any impact unless the purchase price is somehow leaked and the market will gravitate towards that number. usually these auctions winners dont dump the coins on the market after the auction.
Yeah, looks like it won't effect the price at all. And if it is bought for higher than market, it will be very bullish to prices.
Definitely.
The removal of uncertainty associated with the auctions will be driver of Bitcoin's price.
Yeah, looks like it won't effect the price at all. And if it is bought for higher than market, it will be very bullish to prices.
I don't think the coins bought on the auction will hit the market any time soon. it is great opportunity acquire a bit of coins (two weeks worth of mining) at discounted prices. Thus, I wouldn't expect much impact of that auction on the price, if any.
I doubt very much that someone with enough cash to buy 50,000 coins is going to be in the slightest bit interested in what market manipulators on exchanges are trying to do. They'll likely be buying for collateral for some business venture or other, with a much longer term and larger goals in mind.
Anyhow, even if that were the case, that they want to dump coin that they acquired below market, would you trust an exchange with $10-15 million of yours -and- try to slide it into the market without it making a negative splash? I know I wouldn't.
Anyhow, even if that were the case, that they want to dump coin that they acquired below market, would you trust an exchange with $10-15 million of yours -and- try to slide it into the market without it making a negative splash? I know I wouldn't.
1. If it's a well known name, stepping up and telling "I won the auction and I will keep the coins because Bitcoin will have a bright future" will increase the confidence, the number of buyers and the price.
2. If it's somebody rather dumb that got the coins at a very discounted price will dump them all and will have a minimal profit. The market will go to new minimum and everybody loses.
3. This is what I actually expect to happen: the buyer will slowly sell some of the coins. The effect on the price will be unnoticeable (actually these days there's a chance for a rise of the price) and everybody wins on long term.
I feel that the scenario will be dictated by whoever wins this auction. It is natural and normal and if we will have buyer with only fast profit on mind bitcoin price may lower in the process. We shall see... nothing is certain here. 2. If it's somebody rather dumb that got the coins at a very discounted price will dump them all and will have a minimal profit. The market will go to new minimum and everybody loses.
3. This is what I actually expect to happen: the buyer will slowly sell some of the coins. The effect on the price will be unnoticeable (actually these days there's a chance for a rise of the price) and everybody wins on long term.
The only reason the auction 'caused' the price to fall was mainly because we were in a bear market and finishing the bubble cycle.
Well I'd be willing to bet that any subsequent announcement of an auction of quite a number of Bitcoins is going to affect the price badly. Not that much, but still... I mean it does mean an increased supply which is never good for the price.
The only reason the auction 'caused' the price to fall was mainly because we were in a bear market and finishing the bubble cycle.
Buy the rumor, sell the news... In this case the announcement of the auction has caused the price to budge down quite a bit, but every auction we've had so far hasn't done anything other than maybe push the price up a bit.
I don't think it's going to affect the price a lot, man. Unless maybe they're reporting that whole batches didn't sell or someone reliable spreads rumours about them going for less than 80% of the spot price maybe...
what is the amount we are referring to? if it's something small it won't affect the price in any way, either way i think the price will keeps rising this time, they will not dump those coins
the wave is toward the pump
the wave is toward the pump
We are referring to 50 000 BTC , about two weeks of total block rewards, doesnt strike me as a huge impact on price.
If im not mistaken , they will then have another ~44 000 BTC left for sale, asuming they control all seized coins.
There are many scenarios on how the price may be affected, i find it most obvious that the price will pump (like it did), and then after march 5th, slowly correct back to ~250$ range.
Heres some info on the sale: http://dealbook.nytimes.com/2015/02/18/u-s-announces-third-bitcoin-auction/?_r=0
cheers
the auction is preventing the prices to rise further.
Expect a big pump after auction is gone
Expect a big pump after auction is gone
It depends who win and what they do with their coins. If there are not many bidders and someone gets them dirt cheap they might dump to make a quick buck. If Tim Draper wins them all and holds then the price might not crash. He only won one small lot the last time though.
Well ,I doubt anyone who buys them will be dumping them, as the price will drop and he will lose money selling them. People who usually take part in these bids do so, to not buy that amount from exchanges, as buying will take the price up and they will be paying a large amount to buy the coins.
the auction is preventing the prices to rise further.
Expect a big pump after auction is gone
Expect a big pump after auction is gone
It depends who win and what they do with their coins. If there are not many bidders and someone gets them dirt cheap they might dump to make a quick buck. If Tim Draper wins them all and holds then the price might not crash. He only won one small lot the last time though.
the auction is preventing the prices to rise further.
Expect a big pump after auction is gone
Expect a big pump after auction is gone
what is the amount we are referring to? if it's something small it won't affect the price in any way, either way i think the price will keeps rising this time, they will not dump those coins
the wave is toward the pump
the wave is toward the pump
Well in the past, these bids have actually caused the price of bitcoin to fall. However these bidders don't buy bitcoins to sell them immediately in the market, so they should not be affecting the price by much.
The winner to the auction probably managed to buy at a discounted price, lower that the market spot price. If he decides to dumped everything to the open market then it will negatively affect bitcoin price. But somehow I don't think they will do that sort of stuff. With the future of bitcoin in mind, holding their stash and wait for the right time would be the most logical thing to do for now
I don't think these sorts of bidders are looking to make a little profit on a quick sale. They'll likely be able to see the future potential in bitcoin and buying them for an investment or buying them to use or set up their own bitcoin-releated business.
1. If it's a well known name, stepping up and telling "I won the auction and I will keep the coins because Bitcoin will have a bright future" will increase the confidence, the number of buyers and the price.
2. If it's somebody rather dumb that got the coins at a very discounted price will dump them all and will have a minimal profit. The market will go to new minimum and everybody loses.
3. This is what I actually expect to happen: the buyer will slowly sell some of the coins. The effect on the price will be unnoticeable (actually these days there's a chance for a rise of the price) and everybody wins on long term.
2. If it's somebody rather dumb that got the coins at a very discounted price will dump them all and will have a minimal profit. The market will go to new minimum and everybody loses.
3. This is what I actually expect to happen: the buyer will slowly sell some of the coins. The effect on the price will be unnoticeable (actually these days there's a chance for a rise of the price) and everybody wins on long term.
The winner to the auction probably managed to buy at a discounted price, lower that the market spot price. If he decides to dumped everything to the open market then it will negatively affect bitcoin price. But somehow I don't think they will do that sort of stuff. With the future of bitcoin in mind, holding their stash and wait for the right time would be the most logical thing to do for now
Re: How will the US Gov't auction effect the price of bitcoin?
Wait and see
.
It will only decrease the price if whoever buys them dumps them all but this is probably unlikely unless he gets them very cheap. They'll likely be bought to hold or save for investing into something else. I cannot see the price rising because of this, though.
Wait and see
. Under what circumstances will it increase the price, if any? And under what circumstances will it decrease the price, if any? Will it effect the price at all? Let me hear your thoughts.
It will only decrease the price if whoever buys them dumps them all but this is probably unlikely unless he gets them very cheap. They'll likely be bought to hold or save for investing into something else. I cannot see the price rising because of this, though.
Think the actual impact may be low. However if there is a sense that there were fewer quality bidders than in previous auctions, the price may temporarily sag
Under what circumstances will it increase the price, if any? And under what circumstances will it decrease the price, if any? Will it effect the price at all? Let me hear your thoughts.
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