Tim's at it again.. SR 2.0 Auction | Bitcointalksearch.org

exoton

sr. member

Activity: 350

Merit: 250

Quote from: botany on December 08, 2014, 06:05:23 AM

Tim should also regularly pick up bitcoins at exchanges, if he isn't doing that already.
Bitcoin's price could use some support.

After he "only" won 2,000 BTC in the 2nd auction by the USMS (this auction is not selling any coins from SR2), he said that he is going to buy substantial amounts of bitcoin on the open market (aka the exchanges) in the near future

botany

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Quote from: madmax6688 on December 08, 2014, 06:21:00 AM

Quote from: botany on December 08, 2014, 06:05:23 AM

Tim should also regularly pick up bitcoins at exchanges, if he isn't doing that already.
Bitcoin's price could use some support.

Im sure he is already.

But he isn't as powerful to fight the loads of miners who need to dump to make money from their investments.

He doesn't need to fight the miners.
If he keeps buying regularly, he might even get a better deal than the SR coins.

madmax6688

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Quote from: botany on December 08, 2014, 06:05:23 AM

Tim should also regularly pick up bitcoins at exchanges, if he isn't doing that already.
Bitcoin's price could use some support.

Im sure he is already.

But he isn't as powerful to fight the loads of miners who need to dump to make money from their investments.

botany

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Tim should also regularly pick up bitcoins at exchanges, if he isn't doing that already.
Bitcoin's price could use some support.

exoton

sr. member

Activity: 350

Merit: 250

Quote from: Addition on December 05, 2014, 06:43:15 PM

Quote from: 1Referee on December 05, 2014, 05:48:46 PM

I wonder for what price he managed to buy these coins.

I think at least 10% below market price, but we're not going to know that I guess.

Yeah I don't think that'll be disclosed. Seeing as it was an auction perhaps he had already locked in a price weeks ago? I'm not sure whether the results were determined by just the Highest bid - perhaps they also taken into account what he intends to do with them?

On second thoughts, yeah was just probably the Highest bid Grin

Assuming that a bidder met the qualifications (submitted AML/KYC documents ahead of time, provided the appropriate deposit, ect), bidders were selected on price.

He has said publicly that he plans on hodling the bitcoin over the long term.

The price is not going to be disclosed by the USMS, nor will the identities of the winners (most likely). In theory the winners could publicly disclose their prices and amounts they won, however doing do may put them at a competitive disadvantage.

maurya78

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Yeah, speaks again to the adage that it takes money to make (potentially) a lot of money

AJinNYC

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Bored with you morons.

Quote from: jbreher on December 05, 2014, 10:36:43 PM

Quote from: cyberpinoy on December 05, 2014, 06:46:38 PM

I love how the United States Federal Government, State Governments, Wallstreet and US banks REFUSE to recognize Bitcoins, try and tax it in weird ways, try and block it, ban it discourage it,...

Not quite all: http://www.gpo.gov/fdsys/pkg/BILLS-113hr5777ih/content-detail.html

Kind of pointless though... it's near the end of the congressional session. He'd have re-introduce at the beginning of the next session for it to go anywhere.

xmasdobo

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These goings moving 2k bitcoin like it was 2k dollars. Unfair mario Sad

galbros

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Quote from: moriartybitcoin on December 05, 2014, 09:23:27 PM

price is heading for $1000 .. Draper knows it, as does Silicon Valley

He was actually quoted in the Wall Street Journal saying the price was going to 10,000 in three years. Of course, since he holds so many coins it only makes sense for him to "talk his book."

jbreher

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lose: unfind ... loose: untight

Quote from: cyberpinoy on December 05, 2014, 06:46:38 PM

I love how the United States Federal Government, State Governments, Wallstreet and US banks REFUSE to recognize Bitcoins, try and tax it in weird ways, try and block it, ban it discourage it,...

Not quite all: http://www.gpo.gov/fdsys/pkg/BILLS-113hr5777ih/content-detail.html

Addition

full member

Activity: 238

Merit: 100

Quote from: moriartybitcoin on December 05, 2014, 09:23:27 PM

price is heading for $1000 .. Draper knows it, as does Silicon Valley

the rich get richer?.. hope so, in this case Wink

bitllionaire

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this time he has not played so hard, only 2000/50000 , "small" amount haha

cryptworld

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I have read tim has said that he has not got the enough amount and that he will go to buy them in the open market Grin

moriartybitcoin

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★777Coin.com★ Fun BTC Casino!

price is heading for $1000 .. Draper knows it, as does Silicon Valley

canary

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It's better to buy at $370, his first winning auction's level was $640 and probably he bought it more expensive than that. It's huge loss for now, even he has more than $1 billion...

UnunoctiumTesticles

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50,000 BTC profits or operating capital generated from Silk road. There is a lot of black gold in 'dem 'der dark networks hills.

cyberpinoy

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I love how the United States Federal Government, State Governments, Wallstreet and US banks REFUSE to recognize Bitcoins, try and tax it in weird ways, try and block it, ban it discourage it, yet one of the federal governments own organizations is trying to reap as much benefits from their Bitcoin seizure as possible.

Why have they not sold all of the bitcoins in one auction? Why spread it out like this? Because they too (Like us) have a belief in bitcoins, they are waiting for its value to rise up and above the last Hop of 1100 dollars. HAHAHA So actions speak louder than words and what we see here is actually the US Government and its organization Adapting, Adopting, and understanding its uses

As they hold them they are watching the price, they are learning about the protocol, the transaction times, learning about the low to no fees associated with using it. But above all this proves they understand it exists, they understand it is important to people, and they too want their piece of the pie.

Dude shoud have had a backup plan, he should have sent his wallet.dat and private keys to a foreign friend, and just as the marshals were about to auction the coins off....OOPS where the hell are all the coins HAHAHAHAHA now that would have been funny.

Addition

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Quote from: 1Referee on December 05, 2014, 05:48:46 PM

I wonder for what price he managed to buy these coins.

I think at least 10% below market price, but we're not going to know that I guess.

Yeah I don't think that'll be disclosed. Seeing as it was an auction perhaps he had already locked in a price weeks ago? I'm not sure whether the results were determined by just the Highest bid - perhaps they also taken into account what he intends to do with them?

On second thoughts, yeah was just probably the Highest bid Grin

1Referee

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I wonder for what price he managed to buy these coins.

I think at least 10% below market price, but we're not going to know that I guess.

Addition

full member

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Merit: 100

always seems to be a little up-tick in price index shortly after TC publish's something on BTC (probably unrelated?)

5Hrs ago:

http://techcrunch.com/2014/12/05/us-marshals-complete-second-auction-of-silk-road-bitcoin/

Topic: Tim's at it again.. SR 2.0 Auction (Read 2400 times)