Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24117. (Read 26608384 times)

The majority of people think that the price will pass $390 on Monday, we'll see

1-2-3... dumpster fire!!! Predicting a dumpster fire within the next week. 

Explanation

I think he needed ALL the coins last time to fund Mirror so he made damn sure he got them
This time round he needed less, so he bid for less and was more conservative ... this guy is not a complete fool

I think that Tim has learned his lesson from the last auction and didnt even bother to place all his bids near the market price.

others maybe did, but that doesnt change anything, because they are all bagholders already and all I see is even less demand despite the fact that we are in 3xx price range.

Nobody observing walls this morning? I see one has moved UP

Yes

The news clearly states that he bought them to the fund start-ups of his son's VC company, Boost

https://www.boost.vc/about


So he's got more than 2 years to buy 30,000 BTC if they reach their target number of start-ups. Given that timeline, hardly surprising he did not go gung-ho in this auction. He's got pleeeeeenty of time. Many of the comanies he intends to fund probably don't even exist yet lol

Great news that these companies will be nurtured, but I doubt he is sweating right now about when and where he will buy his BTC.
He needs about 7,500 coins every 6 months. I think the market can probably handle that.

But hey, 'as you were', never let facts get in the way the rumour mill  

Actually, let's be more accurate ...

http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?_r=0


So he is saying he needs to 300 each coins for the next round of 20-30 companies ... approx ... 7500BTC. He got 2k. He needs about 5k more within the next 6 months lol
Speculate about how many he bid on and what he paid as much as you like, but if that was all he needs at some time in the next 6 months, what would you do ??
I speculate that he did not bid on anywhere near all of them and he did not bid too high. He is buying to meet his needs - the last lot all went to one venture he was funding, Mirror. That's what he does. He funds things and starts companies.

EDIT: He said NEW BATCH ... could already be ready for funding so, worst case, he needs 5k soon ... PANIC !!!

ANOTHER EDIT : Sorry ... stand down, no worst case ...


http://www.coindesk.com/tim-draper-wins-2000-btc-second-bitcoin-auction/

Is it clear now ?

Alternatively, most bidders bid high this time, and the lowballers didn't bother bidding, having learned their lesson from the last auction.

We don't know who won what at what price, and most likely we won't unless the winners are publicly traded companies and the buys show up in their quarterly reports. USMS isn't telling.

There's also a factor of next few auctions looming on the horizon very soon, which may lead to more secrecy about the bids since the figures may be used in the next auction. Last time this was not a factor and we knew the exact prices very quickly, this time we may not find all the prices at all.

I not surprised.  

Ain't he gonna sell them for fiat ever for his own profit? Agree that he is buying them to use them to fulfill his needs, but what is he gonna buy with BTC as they ain't available at most of the places where Commercial Officials throw in money... I said that because I feel he is also a human who is packing loads of coins in order to be in the rich list, which he already is currently like the Winklevoss brothers... Would love to hear from you if I am wrong in my point...

well, this auction didnt go well like the last time when we had that inpatient noob outbidding all other players.

less bidders this time, coins distributed evenly...I find that bearish.

Explanation

Hahahahahaha

you know how bullish that is, the Joker burns his currencies he's gonna lose the keys foreverrrrrrrrrrrrr wooo

I like how rumors are actually being developed in these conversations about the price. Then somebody lazily reads one of the posts and then carries it on. Frankly, we don't know what the price on the coins were. Could be up, could be down... I think down, but that's just a guess. What we do know is that the coins went to more than one bidder and maybe quite a few bidders. Some may have even landed in the hands of this guy...

He has clearly stated that he bought his coins to provide liquidity to several of the Bitcoin-based startups he is backing.

He didn't buy his coins to sell them. He bought them to use them.

If indeed he only bought 2000 coins this time, he'll need to buy more to meet his needs. The last thing he'd want to do is buy them at an exchange though.

Not only limited to that, but Tim must be thinking the same as all of us that when we lose, buy it again low and then sell high to recover, the guy's already in a loss of almost $10 million, then why he won't take it that hard? He already tried his best, but who knows, what surprises are still awaiting for everyone, behind the curtains?

Explanation

http://www.bloomberg.com/news/2014-12-05/tim-draper-wins-part-of-second-silk-road-bitcoin-auction.html we can only assume he paid above MR cause he did last time, but he didn't bid in the same method as last time. The article says he doesn't disclose his price.