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DannyElfman

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Quote from: franky1 on July 01, 2014, 08:33:39 PM

Quote from: sniveling on July 01, 2014, 08:20:44 PM

Quote from: fryarminer on July 01, 2014, 07:20:39 PM

One thing we can count on, they won't dump the coins on an exchange. They're gonna save them.

Whoever it is might slowly trickle dump them over a period of months and make an easy million if they got them a bit below the market price. They will probably keep them, but you never know.

i dont care about who got them or how much for.

but for the sake of people giving scenario's.. heres one.

current exchange price ~ $600 imagine if the coins in auction went for $300. th smart thing to do would be to SLOWLY over many days, to avoid a crash.. sell half, to recoop losses. and then keep the other half free and clear ... or hoard 100% of them as an investment

It is likely a participant attempting to start/build upon a very large bitcoin position. IMO it would be unlikely that someone buying all of the blocks would be trying to execute an arbitrage of any kind

franky1

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Quote from: sniveling on July 01, 2014, 08:20:44 PM

Quote from: fryarminer on July 01, 2014, 07:20:39 PM

One thing we can count on, they won't dump the coins on an exchange. They're gonna save them.

Whoever it is might slowly trickle dump them over a period of months and make an easy million if they got them a bit below the market price. They will probably keep them, but you never know.

i dont care about who got them or how much for.

but for the sake of people giving scenario's.. heres one.

current exchange price ~ $600 imagine if the coins in auction went for $300. th smart thing to do would be to SLOWLY over many days, to avoid a crash.. sell half, to recoop losses. and then keep the other half free and clear ... or hoard 100% of them as an investment

sniveling

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Activity: 719

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Quote from: fryarminer on July 01, 2014, 07:20:39 PM

One thing we can count on, they won't dump the coins on an exchange. They're gonna save them.

Whoever it is might slowly trickle dump them over a period of months and make an easy million if they got them a bit below the market price. They will probably keep them, but you never know.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: fryarminer on July 01, 2014, 07:20:39 PM

One thing we can count on, they won't dump the coins on an exchange. They're gonna save them.

Or Dr. Evil bought them to crash the price to nothing.

fryarminer

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One thing we can count on, they won't dump the coins on an exchange. They're gonna save them.

runam0k

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Merit: 1001

Touchdown

30,000 coins sounds like a lot to us mere mortals. But to people or groups of people worth 100s of millions or billions, it's a bet/reasonable investment. Some people literally don't know what to do with all the money they have.

DurbanPoison

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My money is on the Winklevoss twins.

galbros

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Well if true this would be consistent with the subsequent price action, i.e. up. With so many buyers not getting coins below market like they hoped, the incentive is now there to buy them on the market and the price has moved up nicely since Friday. This is good news!

Good Luck!

franky1

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coin desk prints it

coindesk shows no source for the quote

must be 100% ~~true~~

Meuh6879

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15 Millions of Euros ... 30 000 Bitcoins.
Rich people, yaaaaaa Cheesy

hellscabane

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What I wonder now if how inline the winning bid is in relation to current market prices. From what I calculated, basing off of weekend prices and volume, 30k BTC would have pushed prices as high as $750 (assuming that coins were bought at chunks at a time instead of in one-go).

Ron~Popeil

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It has to be some institutional thing like an investment fund. I doubt some secret millionaire is out there gobbling up bit coins like that. Either way one buyer means it is less likely that the market gets flooded with bit coin for sale.

PolarPoint

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Must be a wall street investment bank trying to buy all the coins for a bitcoin ETF. 30,000 coins is a lot of money Undecided

Beliathon

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https://youtu.be/PZm8TTLR2NU

Could be the Federal Reserve? Google ? Kim Jong-Un ? Satoshi ? China ? ? ? ?

OMG it was totes Bruce Wayne.

Alley

legendary

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Merit: 1000

Had to of been a high bid if they were to ensure getting every coin. Very bullish indeed.

DannyElfman

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This is very interesting. I am curious to know the price levels that the other bids were placed at.

From the looks of it, a large institution is trying to purchase a lot of bitcoin

SweetBits.biz

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MK won it

waldohoover

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news

Topic: news (Read 2010 times)