You may also want to follow the bet here:
https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
which will resolve once we have a real trusted source - when coin is involved, it's much more likely to filter out the spam you'll see here and on reddit.
Topic: USMS Silk Road Bitcoin Auction Winning Bid Price? (Read 4084 times)
http://www.chicagotribune.com/news/sns-rt-us-bitcoin-auction-20140627,0,1104979.story
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Whaaaaaaa! Bitcoin too expensive for you to buy. Go get a job, make some money.
Actually, you're just ignorant. It's quite obvious that is how it works.
Even if there were bidders putting in offers above market price, the majority of the coins will be below.
Haha, you are such a FUD-ster.
Even if there were bidders putting in offers above market price, the majority of the coins will be below.
http://www.chicagotribune.com/news/sns-rt-us-bitcoin-auction-20140627,0,1104979.story
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Haha, you are such a FUD-ster.
Who the heck cares about majority, the ones that mean smth are serious buyers. I believe there were many trying their luck with low bids.
http://www.chicagotribune.com/news/sns-rt-us-bitcoin-auction-20140627,0,1104979.story
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
last time i bought 30.000 bitcoins on a exchange, it was november to decembre 2013
http://www.chicagotribune.com/news/sns-rt-us-bitcoin-auction-20140627,0,1104979.story
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Haha, you are such a FUD-ster.
http://www.chicagotribune.com/news/sns-rt-us-bitcoin-auction-20140627,0,1104979.story
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Chris DeMuth, a partner at Rangeley Capital who had been considering bidding, said last week the chance the Marshals Service gets the market price for the bitcoins is low.
"Anyone could pay market prices on existing exchanges," he said. "So the key question is how much of a discount do bidders want."
Why would someone pay 200 bucks more than the market price?
Market depth, slippage, verified seller, free publicity if you win, etc...
the results will not be published, but the other reasons are valid.
also, much faster than exchanges, most exchanges will not allow you to cash out 3000 bitcoins at once as far as i know.
I can't seem them selling for more than $600.
Hundreds of bidders. And you can't fathom that just 1 of them bid over $600.
Well I can sure as hell fathom it.
this, i can't understand the people who think they sold for under $600
Why does someone care if all of the coin comes from sequential blocks or not? Would you pay a premium because they're in an orderly fashion on the blockchain? As soon as I was in receipt of the coins I'd move them to an address where I knew that the private key was secure.
Have I got the wrong end of the stick about this?
Have I got the wrong end of the stick about this?
Why would someone pay 200 bucks more than the market price?
Market depth, slippage, verified seller, free publicity if you win, etc...
Why would someone pay 200 bucks more than the market price?
are we actually going to see any trustworthy "results"? i wasn't sure whether prices would be disclosed through official channels, and bidders/winners may be subject to non-disclosure requirements.
No, we wont. The FAQ make clear:
10. What information about the auction process or results will the USMS release?
The USMS will contact the winning and losing bidders directly. The USMS will not publicly
release any information pertaining to the auction process or results.
Source: http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf
So all we will know is what the winning and losing bidders choose to disclose.
Think about it: They auctioned off 30,000 BTC.
If anyone wanted to buy 30,000 BTC on an exchange in one go they would drive the price into the sky.
Likely those coins were purchased at a higher price than spot price.
If anyone wanted to buy 30,000 BTC on an exchange in one go they would drive the price into the sky.
Likely those coins were purchased at a higher price than spot price.
It's not that simple. One could easily say:
"If anyone [USG] wanted to sell 30,000 BTC on an exchange in one go they would drive the price to $0"
This sort of logic gets us nowhere.
No it doesn't. There was one vendor, the USMS, who chose to sell at auction, avoiding the slippage that would have occurred at an exchange.
There were multiple bidders whose sealed bids were priced to compete with each other for coins that would cost much more at an exchange.
I think Smoothie's right about them going higher than spot.
when are the results?
does the auction ended already ?
I would assume that there would be tons of bids in the 600-700 range, so to be safe the winners would only consider bidding 700+
700+? Considering you could market buy 3000 coins on Bitfinex right now up to 632, I kind of doubt it's necessary to try to buy one of these lots that high. Don't you think?
I would look at it as a way to try and be sure that I was way above what I thought the competition was bidding at (If I really really wanted them)
I would assume that there would be tons of bids in the 600-700 range, so to be safe the winners would only consider bidding 700+
700+? Considering you could market buy 3000 coins on Bitfinex right now up to 632, I kind of doubt it's necessary to try to buy one of these lots that high. Don't you think?
I would assume that there would be tons of bids in the 600-700 range, so to be safe the winners would only consider bidding 700+
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