Topic: Will the final US Marshals auction produce a pump, a dump, or a flat price? (Read 1635 times)
October 08, 2015, 03:54:20 PM
No effect in my opinion. Price will surely not fall down in my opinion since these coins are bought in batches and they are very often paid more than the current market price. Real advantage of these auctions is that people get a big amount of coins with the same exact price, something that auctioneers would never be able to do on the exchanges.
October 08, 2015, 02:05:14 PM
There are possibilities to see a little increase in price but many chances are to see flat prices.I don't see any dump happening.Two main events happening same day has no significance importance regarding impact on price.
October 08, 2015, 12:44:38 PM
Nothing'll happen at all. It's understandable why people were a little uneasy regarding the first one. Now it's an irrelevance.
October 08, 2015, 12:40:53 PM
maybe news will make price go a tad higher, but pretty flat
hopefully buyers, who have to jump through all hoops and have details with authorities are hodlers
nice knowing they will be out of 'authority' hands
less huge chunks around owned by one person the better
hopefully buyers, who have to jump through all hoops and have details with authorities are hodlers
nice knowing they will be out of 'authority' hands
less huge chunks around owned by one person the better
October 06, 2015, 01:24:56 PM
Price actually doesn't move the way people think it does. It moves because its profitable for the market maker to move it in that way.
News simply adds to what was already coming.
News simply adds to what was already coming.
October 06, 2015, 10:44:02 AM
Nobody expects the coins to be lapped up and dumped at exchanges.
Au contraire, I do.
October 06, 2015, 10:40:42 AM
It will remove uncertainty.
So I guess the price will move up.
Nobody expects the coins to be lapped up and dumped at exchanges.
So I guess the price will move up.
Nobody expects the coins to be lapped up and dumped at exchanges.
October 06, 2015, 10:21:38 AM
ITs the last round. Lots of people try to underpay for things at auctions hoping to try their luck in the future at the next auction. The thing is if too many people do this then the last auction ends up going for well above value. Ive read about this happening with real estate where the last property (of a few listed properties) to sell goes for more than the rest due to buyers realizing that they missed their chances with the earlier sales.
Last auction? Did you know that 'In its latest report called the Internet Organised Crime Threat Assessment for 2015, Europol outlined the state of cybercrime threats in the European Union. The report mentions bitcoin and virtual currencies, claiming that it accounts for roughly 40% of criminal-to-criminal transactions online.'-- http://www.newsbtc.com/2015/10/01/europol-report-says-bitcoin-is-common-currency-for-cybercriminals/
What makes you think Silk Road is USMS' last bust?
Guaranteed to happen. Sure as the sun will rise tomorrow.
October 06, 2015, 10:20:03 AM
ITs the last round. Lots of people try to underpay for things at auctions hoping to try their luck in the future at the next auction. The thing is if too many people do this then the last auction ends up going for well above value. Ive read about this happening with real estate where the last property (of a few listed properties) to sell goes for more than the rest due to buyers realizing that they missed their chances with the earlier sales.
Last auction? Did you know that 'In its latest report called the Internet Organised Crime Threat Assessment for 2015, Europol outlined the state of cybercrime threats in the European Union. The report mentions bitcoin and virtual currencies, claiming that it accounts for roughly 40% of criminal-to-criminal transactions online.'-- http://www.newsbtc.com/2015/10/01/europol-report-says-bitcoin-is-common-currency-for-cybercriminals/
What makes you think Silk Road is USMS' last bust?
October 06, 2015, 10:12:28 AM
ITs the last round. Lots of people try to underpay for things at auctions hoping to try their luck in the future at the next auction. The thing is if too many people do this then the last auction ends up going for well above value. Ive read about this happening with real estate where the last property (of a few listed properties) to sell goes for more than the rest due to buyers realizing that they missed their chances with the earlier sales.
Last auction? Did you know that 'In its latest report called the Internet Organised Crime Threat Assessment for 2015, Europol outlined the state of cybercrime threats in the European Union. The report mentions bitcoin and virtual currencies, claiming that it accounts for roughly 40% of criminal-to-criminal transactions online.'-- http://www.newsbtc.com/2015/10/01/europol-report-says-bitcoin-is-common-currency-for-cybercriminals/
What makes you think Silk Road is USMS' last bust?
October 06, 2015, 07:59:41 AM
ITs the last round. Lots of people try to underpay for things at auctions hoping to try their luck in the future at the next auction. The thing is if too many people do this then the last auction ends up going for well above value. Ive read about this happening with real estate where the last property (of a few listed properties) to sell goes for more than the rest due to buyers realizing that they missed their chances with the earlier sales.
October 06, 2015, 07:33:34 AM
there will not be any price change it will stay on course like it is now don't expect to see much
this may be the case in good case 10-20 up worse that price down
Maybe a 5-10 USD swing
this may be the case in good case 10-20 up worse that price down
October 06, 2015, 05:32:42 AM
I'm guessing it'll have little to no effect. Maybe a 5-10 USD swing either way but I doubt it's going to cause ripples in the bitcoin world. Keep moving gentlemen, nothing to see here.
October 06, 2015, 05:11:40 AM
I don't really think the fact that gemini is coming out will cause much of a price impact. There is simply too much expectation on that from the community.
the fact that there are high expectations regarding gemini, is that it can only impact the price in a not so good way. people always tend to expect too much from things, especially in bitcoin. that way people get upset if things turn out not to be what they were hoping it to be.
That is correct.
the market responds in such a way that the majority are losers.
October 06, 2015, 05:09:42 AM
I don't really think the fact that gemini is coming out will cause much of a price impact. There is simply too much expectation on that from the community.
the fact that there are high expectations regarding gemini, is that it can only impact the price in a not so good way. people always tend to expect too much from things, especially in bitcoin. that way people get upset if things turn out not to be what they were hoping it to be.
October 06, 2015, 04:30:38 AM
I don't really think the fact that gemini is coming out will cause much of a price impact. There is simply too much expectation on that from the community.
October 06, 2015, 02:17:34 AM
More supply.
October 06, 2015, 01:59:22 AM
The action happens off-exchange. It'd be interesting to see what price it reached but it's unlikely that such information will be disclosed. IMO it's likely that if the highest bid is lower than the bitcoin trading price we'll see a dump. People from outside of the US are allowed to bid, so it's safe to assume that someone somewhere will try to get discounted bitcoins. Surely though, this isn't going to be the easiest thing unless there's not enough interest.
Last few auctions I think the coins went for quite a bit over exchange price. You have to take into account that buying 2,000 bitcoins on an exchange will have a dramatic effect on exchange rate as well. Therefore it is not really likely that they will be sold under current rate and get dumped.
October 06, 2015, 01:46:59 AM
42 000 coins? isn't that around 10 days mining? more or less?
if so that is nothing, a drop in the ocean
if so that is nothing, a drop in the ocean
October 06, 2015, 01:46:26 AM
I think not much will happen at the beginning and that the auction winners will mostly hold their coins till at least before or just after the halving, and then dump them. With a bit of patience they can make themself a good bit of money.
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