Whoa, no need to get upset.... I don't knwo what you though I was implying...
Silkroad was accumulating Bitcoins ? What does that even mean ? Isn't that the idea of running a business?! Do you say of all other businesses that they are accumulating USD?
The raid found ~30'000 BTC in the server and ~150'000 BTC in Ross's laptop. Those were presumably the proceeds of fees from hosting businessess on SilkRoad. Those 180'000 BTC were kept away from the market; and part of them, at least, must have been bought by SR customers on the open market. So Ross was obviously accumulating. I would even guess that he had been holding almost all the bitcoins that he got.
Drapers coins moved, but guess what. Thanks to the miracle that is the blockchain fudsters only need to click their mouse once and they can see that they have just been moved to another address. I can think of 101 reasons to do this.
Well, one of those 101 is to transfer them to a new owner; another is to deposit them on an exchange...
Did you miss the article where he says he will bid again? I think your 100% wrong with the last assertion, if anything experience tells you that bidding below market just won't cut it if you want to win the coins.
Most people who enter a commodity auction do not want to get the item at any cost, they want to make a good deal; which almost always means buying it below market price.
For the reason already stated, I strongly suspect that all the bets in the previous auction, including Draper's, were below the market price at the time (600$/BTC). I expect that the same will happen in this auction.
33% paper loss is roughly $6 mill. Thats chump change to a billionaire. Especially one who has said again recently he still believes it could go to 10k.
Billionaires do not become so by not minding the loss of 6 millions.
Any one who owns a few thousand BTC will say that it will surely go to the moon one day.