Third Auction For Ulbricht’s Coins, Scheduled

uglybird

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Quote from: Beatkoyn on March 12, 2015, 11:58:23 PM

Quote from: angeloanggam on February 20, 2015, 06:31:44 AM

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?

Out of the 14 bidders, is there someone outside from Bitcoin-related business?

I think all 14 bidders identities were not also revealed.

Beatkoyn

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Quote from: angeloanggam on February 20, 2015, 06:31:44 AM

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?

Out of the 14 bidders, is there someone outside from Bitcoin-related business?

gentlemand

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Quote from: Cray4Cryptz on March 12, 2015, 09:11:25 AM

Can someone please tell me what is the relevance of the auction to the bitcoin price.
I heard something that this would help in some bullish runs, but can someone maybe explain in a brief way and the easiest manner why the auction is a big deal for everyone.

It isn't relevant to the market price. The run up to the first auction was an uncertain period. Now it's settled down.

It is a big deal for gleaning sentiment. Moronic doomsters have consistently predicted that people would buy them up and dump them instantly.

What has turned out is that serious players have been buying them for serious long term uses.

Cray4Cryptz

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Quote from: angeloanggam on February 20, 2015, 06:31:44 AM

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?

Can someone please tell me what is the relevance of the auction to the bitcoin price.
I heard something that this would help in some bullish runs, but can someone maybe explain in a brief way and the easiest manner why the auction is a big deal for everyone.

mistercoin

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Oh how I wish I had the money to participate in this auction *sigh*

MUCHSIN

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Quote from: angeloanggam on February 20, 2015, 06:31:44 AM

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?

What I know is that SecondMarket didnt won, itBit won third place. 1st and 2nd place winners were not yet revealed.

ShintoshiBTC

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Quote from: angeloanggam on February 20, 2015, 06:31:44 AM

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?

Who won?
I heard they had 14 bidders?
http://bitforum.info/t/us-marshals-bitcoin-auction-got-34-bids-from-14-participants/384/1

Who joined? Excited if Draper will again get most of the coin.

Ulbricht is crying in his cell.

pitham1

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Quote from: mishax1 on March 04, 2015, 05:42:45 AM

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

The market actually fell a few days before the first auction.
There was a possibility that somebody would pick up those coins for a song and then dump them in the exchanges to make a quick profit.

mishax1

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Quote from: Alexis on March 04, 2015, 05:51:54 AM

Quote from: mishax1 on March 04, 2015, 05:42:45 AM

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

The recent pump is due to the BIT OTC Fund being approved by Finra. It has very little to do with the auction.

Yes, I know, that also contributes to the rise, tho I don't see some massive trading going on on Coinbase exchange, it's volume is still around btc-e's and bitstamp's.. ~17000BTC

calci

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Quote from: mishax1 on March 04, 2015, 05:42:45 AM

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

Some believe it is the auction that is causing manipulators to pump the price so they will have to buy it for more money. Not sure if thats true.

Alexis

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Quote from: mishax1 on March 04, 2015, 05:42:45 AM

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

The recent pump is due to the BIT OTC Fund being approved by Finra. It has very little to do with the auction.

mishax1

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How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

Eastwind

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Quote from: zetaray on March 04, 2015, 05:37:45 AM

I do not think a crash is coming. Looking at price history. Auctions only has short term effects on price. Not influential to the big picture.

The size of the auctioned coins is too small compared to existing coins.

zetaray

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I do not think a crash is coming. Looking at price history. Auctions only has short term effects on price. Not influential to the big picture.

Alexis

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I seem to remember the price fell after every other US Marchall auction.
Also, if anyone announces that they got coins below market value, that will make the price decrease, in fear of a dump.

moriartybitcoin

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No, this can't possibly crash the price lol .. the market has already factored these coins into circulation

PenguinFire

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That Darn Cat

I wonder who the average business person that would be bidding on this much BTC would be. Like, would they be day trading, annalists, etc?

bryant.coleman

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Quote from: Alexis on March 03, 2015, 04:40:35 PM

If anyone has already put a bid in for the auction. It's probably well below the current market price ($289), given the $50 price rise over e past few days.

The last time they got dozens of bids. So this time also we can expect similar numbers. It is impossible to predict the selling price. But if there are a dozen or so bidders, then we can safely assume that these coins will be sold at a premium.

Alexis

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If anyone has already put a bid in for the auction. It's probably well below the current market price ($289), given the $50 price rise over e past few days.

RodeoX

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Quote from: Thalke on February 27, 2015, 10:16:10 AM

This is going to crash the price hard...

Oh, I'm not so sure. That has not been the pattern with other sales. It does make sense because you are increasing supply, however it may be that the buyers at the auction are different than exchange buyers. I think these auctions appeal to a buyer who wants a lot of coins and has no patients for the risk and complexity of exchanges.

Topic: Third Auction For Ulbricht’s Coins, Scheduled (Read 3012 times)