okay, lets say one of you guys really wanted the coins. would you put a sealed bid at market price (hoping no one else wants to pay retail). or would you pay 10-20% more or less?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27121. (Read 26711063 times)
June 19, 2014, 06:35:34 PM
June 19, 2014, 06:33:32 PM
The problem with SR coins is not that they'll get dumped, but that those investors who would normally buy bitcoin using 3rd party exchange operators are now NOT investing anymore and they simply wait to bid.
There is no way of telling how many bidders there will be and what will be the winning bid. At this point, I would guess 10% probability that any given bidder will get any coins at all.So, buying at the auction cannot be part of any strategic planning. For the bidders, it will be an opportunistic shot in the dark -- may provide juicy extra gain if it succeeds, but most likely it will not, so the bidder would have to plan for business as usual. The main impact would be for the "poorest" bidders who will have to set aside the auction money until the bids are opened, and thus may be forced postpone their regular buys.
Plus there are even more investors looking for the 144K auction
But has the court cleared that auction yet?(I know that DPR hasn't exhausted the appeals yet, but I vaguely recall reading somewhere that the court had authorized the auction, with the understanding that DPR would be refunded in dollars if he wins on appeal. Is this correct?)
If that auction has to wait for the appeals, then it may be a long way off -- a year, maybe?
Its not a year off their in the final stages of it and once they have all the people for the auction then they will be sold off and related to the people within that auction and no doubt be held and sold of in small chunks to not effect prices or they will end up playing it very smartly and gain a lot from it even tho buying at the price of their buy in
June 19, 2014, 06:32:51 PM
666 coming soon.
606.6 will confirm 666's inevitability
606.6 will confirm 666's inevitability
June 19, 2014, 06:31:11 PM
The problem with SR coins is not that they'll get dumped, but that those investors who would normally buy bitcoin using 3rd party exchange operators are now NOT investing anymore and they simply wait to bid.
There is no way of telling how many bidders there will be and what will be the winning bid. At this point, I would guess 10% probability that any given bidder will get any coins at all.So, buying at the auction cannot be part of any strategic planning. For the bidders, it will be an opportunistic shot in the dark -- may provide juicy extra gain if it succeeds, but most likely it will not, so the bidder would have to plan for business as usual. The main impact would be for the "poorest" bidders who will have to set aside the auction money until the bids are opened, and thus may be forced postpone their regular buys.
Plus there are even more investors looking for the 144K auction
But has the court cleared that auction yet?(I know that DPR hasn't exhausted the appeals yet, but I vaguely recall reading somewhere that the court had authorized the auction, with the understanding that DPR would be refunded in dollars if he wins on appeal. Is this correct?)
If that auction has to wait for the appeals, then it may be a long way off -- a year, maybe?
June 19, 2014, 06:30:20 PM
In more recent happenings, does anyone else notice Huobi not giving a damn about that dump?
huobi is@ 3740-3750(down from 3800 in the last 2 hours) and was more or less leadin the dump?
June 19, 2014, 06:30:10 PM
I read the auction's terms: you cant place multiple bids (!) and the bids are sealed.
So nobody can place ten bids hoping to get all the lots?you can place bids on all the block but only 1 bid and you don't get to see other peoples bids.
That sounds like a tender process, not an auction
June 19, 2014, 06:29:55 PM
In more recent happenings, does anyone else notice Huobi not giving a damn about that dump?
you must be using bitcoinwisdom Yep, what's up with btcwisdom? Broken?
EDIT: Yep. That explains a lot.
June 19, 2014, 06:29:46 PM
you don't get to see other peoples bids.
exactly why they'll offer 110%, but the winner will be the one that offers 120% June 19, 2014, 06:29:01 PM
In more recent happenings, does anyone else notice Huobi not giving a damn about that dump?
you must be using bitcoinwisdom June 19, 2014, 06:27:52 PM
In more recent happenings, does anyone else notice Huobi not giving a damn about that dump?
June 19, 2014, 06:27:45 PM
I read the auction's terms: you cant place multiple bids (!) and the bids are sealed.
So nobody can place ten bids hoping to get all the lots?you can place bids on all the block but only 1 bid and you don't get to see other peoples bids.
June 19, 2014, 06:26:07 PM
you can buy all 10 blocks, but the price will be the same
June 19, 2014, 06:25:36 PM
i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
most bidders will put at 110%, but those who will win the auction will bid at 120% or more if they really want to winwhales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
I don't think anybody is going to pay a 20% premium on those coins. Even if you were so simple as to move that money into Bitstamp to buy your coins, you could buy 3,000 coins with slippage only going to less than $645. That's about a 7% premium IF you assumed all of the coins were bought at $645, but realistically, it would probably average out to about a 3.5% premium. You then have the added benefit of contributing to a bull market. I wouldn't be surprised to see them go for 100%, but much more than that is probably unrealistic.
June 19, 2014, 06:23:54 PM
I read the auction's terms: you cant place multiple bids (!) and the bids are sealed.
So nobody can place ten bids hoping to get all the lots? June 19, 2014, 06:21:03 PM
feels like we're just painting a higher low for the fun of it, my monkey is recommending bids at and below 590
*chuckles and in reality placed his bids sub 
June 19, 2014, 06:20:34 PM
I think only on this forum, would you find a consensus that states that a big bunch of hedge funds, banks, well capitalised start-ups, and wealthy individuals would go to an auction of government seized property and pay above the market rate of a particular asset, as determined by a very thin, shoddy, and totally vulnerable to manipulation marketplace for said asset.
Do please tell us Mat, what is the going market rate for bitcoins which are certified by the U.S. government to be free of legal encumbrances?
What, can't find any?
Hmm. Perhaps they are, should we say, rare?
June 19, 2014, 06:18:36 PM
i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
most bidders will put at 110%, but those who will win the auction will bid at 120% or more if they really want to win whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
June 19, 2014, 06:17:23 PM
i'm thinking FBI coins about 10% above market value.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
whales can't accumulate bitcoins on the exchanges without a substantial price movement. 10% above market could be a bargain.
No way, Price must be 10-20% below market price, Its not easy to find so many whales who will openly come and bid for that coins.
I think only on this forum, would you find a consensus that states that a big bunch of hedge funds, banks, well capitalised start-ups, and wealthy individuals would go to an auction of government seized property and pay above the market rate of a particular asset, as determined by a very thin, shoddy, and totally vulnerable to manipulation marketplace for said asset.
June 19, 2014, 06:17:16 PM
why is it rising in china with volume, while Stamp is dumping with just a few coins??
is huobi volume fake??
is huobi volume fake??
If you're looking at Huobi on bitcoinwisdom, it's been stuck like that for a full 8 hours now. Something's broken.
June 19, 2014, 06:14:35 PM
why is it rising in china with volume, while Stamp is dumping with just a few coins??
is huobi volume fake??
is huobi volume fake??
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