If I wanted to be certain I would win would go for 725 dollars a coin
The extra 25 dollars being the buffer between everyone else saying 700 is the high
Of course if we all knew in advance it would be a live auction not a silent auction
Topic: What would be your SR auction bid? - page 2. (Read 1554 times)
legendary
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so if you don't win any auctions, they keep your $200k? that's pretty fucked up.. you'd have to at least post 1 bid at market value -200k.
The 200k upfront is to prove that you are liquid enough to actually pay if you win the auction. You will get the money back if you don't get any coins. I expect them to go below market value. Probably around $400/coin or so
I would say that would be a pretty big discount.
If they get too much of a discount then they would have a bigger incentive to simply sell the coins on an exchange
Prices on auctions always go significantly cheaper than market value, look at homes in foreclosure auctions for instance... It is highly unlikely that the price per coin hours for market value. The only items that go for close to market value or higher, are rate things like art pieces that are one of a kind...
so if you don't win any auctions, they keep your $200k? that's pretty fucked up.. you'd have to at least post 1 bid at market value -200k.
The 200k upfront is to prove that you are liquid enough to actually pay if you win the auction. You will get the money back if you don't get any coins. I expect them to go below market value. Probably around $400/coin or so
I would say that would be a pretty big discount.
If they get too much of a discount then they would have a bigger incentive to simply sell the coins on an exchange
I would imagine the blocks will be sold off between $1.05M-$1.499M.
Wouldn't think they will get any bid at that large of a level for more than $500 per btc. and lowest winning bid could possibly see the $350 per btc range.
Will be interesting to see the final numbers...
Wouldn't think they will get any bid at that large of a level for more than $500 per btc. and lowest winning bid could possibly see the $350 per btc range.
Will be interesting to see the final numbers...
It really depends on the buyers I think. Could make an argument for both below or above market value...
Below market:
- Day of, whales can come out and start buying up coins to jack the price (so as to get the most amount of fiat inflow from the auction), then immediately after the auction is settled, dump the price back down. That way, when these newly acquired coins from big buyers come to market, they'll be cheaper to buy back....
Above market:
- It's an auction offering a large sum to be bought from a reputable source all at one time. It's also a silent auction. These are factors a buyer (especially if it's an institutional investor) may be paying a premium for.
We have a prediction on our site about this but no one has placed anything yet; am really hoping we see one big bet from an insider
https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
Below market:
- Day of, whales can come out and start buying up coins to jack the price (so as to get the most amount of fiat inflow from the auction), then immediately after the auction is settled, dump the price back down. That way, when these newly acquired coins from big buyers come to market, they'll be cheaper to buy back....
Above market:
- It's an auction offering a large sum to be bought from a reputable source all at one time. It's also a silent auction. These are factors a buyer (especially if it's an institutional investor) may be paying a premium for.
We have a prediction on our site about this but no one has placed anything yet; am really hoping we see one big bet from an insider
https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value
$700 per coin would be way too much, you could buy more coins off exchanges since they are lower than $700. I buy them at least 10% under market price to fetch a decent profit.
so if you don't win any auctions, they keep your $200k? that's pretty fucked up.. you'd have to at least post 1 bid at market value -200k.
The 200k upfront is to prove that you are liquid enough to actually pay if you win the auction. You will get the money back if you don't get any coins. I expect them to go below market value. Probably around $400/coin or so
From here
The term block here being a happy, yet slightly confusing coincidence.
Quote
Participants will be able to fight for nine blocks of 3,000 bitcoin—each block worth about $1.8 million based on today's conversion—and a single block of 2,657 bitcoin worth about $1.6 million.
The term block here being a happy, yet slightly confusing coincidence.
so if you don't win any auctions, they keep your $200k? that's pretty fucked up.. you'd have to at least post 1 bid at market value -200k.
the US MARSHAL/Treasury are asking for $200K CASH up front in order to even register for this auction. At current market prices I say someone with big bucks and balls can snatch them all up for $400 each maybe a little more or a little less. I imagine they are looking for a buyer to take them all, or at minimum will be selling in $200k chunks...not sure never been to FED auction, and much less to one involving the sale of BITCOINS....wowser!!
Hard to say .. but 700 sounds about right.
Its going to be a silent auction. So you submit 1 bid. Highest wins. No bidding war.
So if you were a major player bidding on 3,000 coins what would be your bid if you really wanted these coins? Im trying to think what a typical winning bid will be.
Im thinking $700 per coin.
So if you were a major player bidding on 3,000 coins what would be your bid if you really wanted these coins? Im trying to think what a typical winning bid will be.
Im thinking $700 per coin.
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