Author

Topic: Outbid or hidden reserve price? (Read 1422 times)

sr. member
Activity: 644
Merit: 260
July 03, 2014, 08:39:02 PM
#9
If there was a hidden reserve and the reserve was not met then the coins would not have been sold. The only way that the coins were sold if there was a hidden reserve would be if the winning bidder had bit an amount higher then the reserve.
full member
Activity: 336
Merit: 100
July 01, 2014, 08:17:17 PM
#8
They have all been sold for over $680 per coin.

and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly.

Source for $680?

Losers have paid only 200k for deposit (Losers of syndicate have to pay in full amount in advance)

I don't know about $680, but someone calculated Second Market's bid at $665 based on doing some math on several statements they made.  And they stated that they lost.

Quote
Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly $17.7m.

28.400.000 / 48.013 =~ 591 $

source

That was just bad journalism, coin desk added current bitcoin value and made it sound as a value of Barry's bid.
legendary
Activity: 1762
Merit: 1010
legendary
Activity: 2464
Merit: 1145
July 01, 2014, 02:15:43 PM
#6
They have all been sold for over $680 per coin.

and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly.

Source for $680?

Losers have paid only 200k for deposit (Losers of syndicate have to pay in full amount in advance)

I don't know about $680, but someone calculated Second Market's bid at $665 based on doing some math on several statements they made.  And they stated that they lost.

Quote
Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly $17.7m.

28.400.000 / 48.013 =~ 591 $

source
sr. member
Activity: 378
Merit: 255
July 01, 2014, 01:24:47 PM
#5
They have all been sold for over $680 per coin.

and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly.

Source for $680?

Losers have paid only 200k for deposit (Losers of syndicate have to pay in full amount in advance)

I don't know about $680, but someone calculated Second Market's bid at $665 based on doing some math on several statements they made.  And they stated that they lost.
legendary
Activity: 1792
Merit: 1087
July 01, 2014, 11:06:50 AM
#4
They have all been sold for over $680 per coin.

and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly.

Source for $680?

Losers have paid only 200k for deposit (Losers of syndicate have to pay in full amount in advance)
legendary
Activity: 1106
Merit: 1005
July 01, 2014, 11:05:12 AM
#3
They have all been sold for over $680 per coin.

and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly.
legendary
Activity: 3990
Merit: 4460
You're never too old to think young.
July 01, 2014, 10:52:31 AM
#2


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legendary
Activity: 1792
Merit: 1087
July 01, 2014, 10:45:47 AM
#1
We know there is a number of losers in the auction. They all think they are outbid (i.e. someone offer higher price than them). Is it possible that the US gov actually has a hidden reserve price for these bitcoin, and some or even all bitcoin were not sold? This is possible according to the FAQ. I don't think it's likely and if this is true, it is extremely bullish.
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