Topic: Stop talking about the damn SR coins - it is the LEAST significant price mover (Read 3163 times)
July 03, 2014, 03:20:12 AM
Well everything pretty much points out at the fact that the Silk Road auction WAS in fact the most significant price mover.
legendary
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July 02, 2014, 06:04:04 PM
Guess I'll update from previous
We now know the identity of that sole winner is Tim Draper
http://blogs.wsj.com/moneybeat/2014/07/02/vc-tim-draper-is-sole-winner-of-u-s-bitcoin-auction/
Mr. Draper was part of a group that included Battery Ventures and former AOL chief executive Steve Case that invested $4 million in Vaurum in May. The company went through the VC accelerator program Boost VC, run by Mr. Draper’s son, Adam Draper.
Mr. Draper won the auction independently, Mr. Bhama said. He is not only an investor, he is a customer of Vaurum as well, which is where the coins will be held. “Our partnership will allow us to use the coins to provide liquidity to our exchanges in emerging markets,” Mr. Bhama said.
We now know the identity of that sole winner is Tim Draper
http://blogs.wsj.com/moneybeat/2014/07/02/vc-tim-draper-is-sole-winner-of-u-s-bitcoin-auction/
Mr. Draper was part of a group that included Battery Ventures and former AOL chief executive Steve Case that invested $4 million in Vaurum in May. The company went through the VC accelerator program Boost VC, run by Mr. Draper’s son, Adam Draper.
Mr. Draper won the auction independently, Mr. Bhama said. He is not only an investor, he is a customer of Vaurum as well, which is where the coins will be held. “Our partnership will allow us to use the coins to provide liquidity to our exchanges in emerging markets,” Mr. Bhama said.
July 02, 2014, 11:00:56 AM
even at it's peak Chinese volume was never over 10-20% worldwide.
Even at its peak there were huge hoops to be jumped through, it's barely ever been mentioned in the news in China.
Bunch of people who've never been there thinking they're experts on China
Even at its peak there were huge hoops to be jumped through, it's barely ever been mentioned in the news in China.
Bunch of people who've never been there thinking they're experts on China
legendary
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Leading Crypto Sports Betting & Casino Platform
July 01, 2014, 07:53:09 PM
http://coinfire.cf/2014/06/30/breaking-usms-auction-winners-notified/
What we do know now though is that someone won all the Blocks
WE HAVE A SINGLE WINNER
-USMS PUBLIC AFFAIRS
The winners and losers of the USMS Bitcoin auction have been notified and the auction has been completed and closed.
At the time of the last update to this entry no one has come forward publicly to announce that they were the winner of all blocks of the auction.
Prior to the coins being moved a verified source with the USMS who wishes to remain anonymous stated to Coin Fire, “It is really important that we get this 100% right. We have to verify that they aren’t tied to any sort of criminal activity, we have to verify we have the money from the wire transfer. If we send the coins we understand we will have no way to reverse the transaction so every step is being taken.”
At approximately 3:39PM EDT coins contained in the USMS controlled wallet: 1Ez69SnzzmePmZX3WpEzMKTrcBF2gpNQ55 moved to a new destination address of: 1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi
What we do know now though is that someone won all the Blocks
WE HAVE A SINGLE WINNER
-USMS PUBLIC AFFAIRS
The winners and losers of the USMS Bitcoin auction have been notified and the auction has been completed and closed.
At the time of the last update to this entry no one has come forward publicly to announce that they were the winner of all blocks of the auction.
Prior to the coins being moved a verified source with the USMS who wishes to remain anonymous stated to Coin Fire, “It is really important that we get this 100% right. We have to verify that they aren’t tied to any sort of criminal activity, we have to verify we have the money from the wire transfer. If we send the coins we understand we will have no way to reverse the transaction so every step is being taken.”
At approximately 3:39PM EDT coins contained in the USMS controlled wallet: 1Ez69SnzzmePmZX3WpEzMKTrcBF2gpNQ55 moved to a new destination address of: 1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi
June 30, 2014, 06:45:59 AM
SR Auction = 30000 coins
Existing coins = 13M
Peoples are nuubcakes.
Existing coins = 13M
Peoples are nuubcakes.
You understand nothing about markets. It's all psychology. People can be fearful of dumps of those coins if bought cheap, or of manipulation because of the auction and this all affects psychology and thus also the market. You are the noob here.
Exactly,these may be few in number relatively but the potential price movements that could be generated by the quality of the bidders and bids accepted are huge. Could define the future of Bitcoin and the ability of average Joe being able to buy, they could be priced out by syndicates and large traders wanting in. So this auction could be a vision to the next couple of years,interesting times
legendary
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Merit: 1115
Leading Crypto Sports Betting & Casino Platform
June 30, 2014, 06:39:28 AM
Well one way or the other
Today is the day they release the results or tomorrow so I hope we can get this over with ^_^
Also assuming its made public
Today is the day they release the results or tomorrow so I hope we can get this over with ^_^
Also assuming its made public
June 30, 2014, 06:34:30 AM
SR Auction = 30000 coins
Existing coins = 13M
Peoples are nuubcakes.
Existing coins = 13M
Peoples are nuubcakes.
You understand nothing about markets. It's all psychology. People can be fearful of dumps of those coins if bought cheap, or of manipulation because of the auction and this all affects psychology and thus also the market. You are the noob here.
June 30, 2014, 06:31:32 AM
SR Auction = 30000 coins
Existing coins = 13M
Peoples are nuubcakes.
Existing coins = 13M
Peoples are nuubcakes.
June 30, 2014, 06:25:25 AM
So TERA, after watching the price action of the past week, are you still convinced the auction was the least significant price mover?
June 26, 2014, 06:42:42 AM
Tera`s considerations are good.
the auction is insignificant.
>50% attack is dangereous
and China is not off of bitcoin
the auction is insignificant.
>50% attack is dangereous
and China is not off of bitcoin
June 26, 2014, 06:04:36 AM
"Why is the government selling? Has the government become bearish on Bitcoin?"
http://www.usmarshals.gov/assets/sales.htm
I can't agree with you more. It seems the US government is also consistently bearish on vehicle market, real estate market, and jewelry market
Please try harder.
Who care the sentiment of morons, do you?
June 26, 2014, 04:42:50 AM
Where did they get the 500k coins?
There are silkroad's coins, Ross's personal coins, and also the coins from some other dealer they arrested. It actually might be much more than 500k. Maybe 1M.Source? I thought it was 140,000
are you sure? isn't 30k going for sale now bitcoins from the site wallet and users and 140k is ross ulbricht personal stash?
AFAIK the 30k is from the Silk Road and there is another other 140k that is from Ross Ulbricht.
This is correct. TERA is just bear trolling like usual.
Maybe if you had mentioned some of the positive news stories from recent weeks then you would not be being accused of bear trolling, I can think of a few - and am sure there are more
Expedia accepting bitcoin for hotel bookings - which means I can go the Commonwealth Games in Glasgow in August purely using BTC.
Dish accepting Bitcoin (a while ago I admit)
Apple allowing wallets back in the App store
Ebay CEO comments on Bitcoin integration possibility with Paypal.
California Bill that moves to make BTC a legal currency
Coinbase move to allow merchants to offer discounts to those paying with BTC - as well as the top up functionality that allows users to automatically buy back the BTC they spend.
June 26, 2014, 04:38:40 AM
Where did they get the 500k coins?
There are silkroad's coins, Ross's personal coins, and also the coins from some other dealer they arrested. It actually might be much more than 500k. Maybe 1M.Source? I thought it was 140,000
are you sure? isn't 30k going for sale now bitcoins from the site wallet and users and 140k is ross ulbricht personal stash?
AFAIK the 30k is from the Silk Road and there is another other 140k that is from Ross Ulbricht.
This is correct. TERA is just bear trolling like usual.
Maybe if you had mentioned some of the positive news stories from recent weeks then you would not be being accused of bear trolling, I can think of a few - and am sure there are more
Expedia accepting bitcoin for hotel bookings - which means I can go the Commonwealth Games in Glasgow in August purely using BTC.
Dish accepting Bitcoin (a while ago I admit)
Apple allowing wallets back in the App store
Ebay CEO comments on Bitcoin integration possibility with Paypal.
California Bill that moves to make BTC a legal currency
Coinbase move to allow merchants to offer discounts to those paying with BTC - as well as the top up functionality that allows users to automatically buy back the BTC they spend.
June 26, 2014, 04:30:28 AM
"Why is the government selling? Has the government become bearish on Bitcoin?"
http://www.usmarshals.gov/assets/sales.htm
I can't agree with you more. It seems the US government is also consistently bearish on vehicle market, real estate market, and jewelry market
Please try harder.
June 26, 2014, 04:23:27 AM
"Why is the government selling? Has the government become bearish on Bitcoin?"
http://www.usmarshals.gov/assets/sales.htm
I can't agree with you more. It seems the US government is also consistently bearish on vehicle market, real estate market, and jewelry market
Please try harder.
June 26, 2014, 03:03:55 AM
Who is this other dealer that is being talked about. Can't find it anywhere on google or coindesk.
Crap. I can't find it either. Sorry. I could have sworn about 2 months ago I read something about how one of the kingpin dealers was busted and about 400,000 coins were seized. Maybe it was fake, or I was dreaming. My apologies if this is the case. June 26, 2014, 02:25:03 AM
Who is this other dealer that is being talked about. Can't find it anywhere on google or coindesk.
June 26, 2014, 12:53:54 AM
For the past 2 weeks and for probably another week, the news surrounding the auction has had/will have the most impact on the price imo. The 51% attack FUD was just used to amplify the uncertainty and bearishness in general but it is not the main story or a big problem - the same FUD has occured in the past and not had much impact on its own. Also for the moment Stamp is leading the other exchanges and China is following, which suggests that China isn't fearing more government regulations, but this could change at any moment and have a much larger impact on the market depending on what happens.
June 26, 2014, 12:41:41 AM
There is another dealer they seized a load of coins from. It happened much later than the incident with Ross.
Link? I can't find it anywhere.
June 26, 2014, 12:33:27 AM
There is another dealer they seized a load of coins from. It happened much later than the incident with Ross.
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