Bitcoin Forum

With only 11..!! Bidders on the latest SR auction I don't think anyone in his right mind can still think that bitcoin is something that is desired by the people. This is a perfect demonstration that there really is no general interest in it and the crumbling down of this new rally strengthens this position.

It's time to wake up.

Any thoughts? Maybe the auction only allowed billionaires to bid? XD

^Just going to post this picture any time this scumbag posts.  He shorted all year and made a little bit of money then lost everything when it went to 500, now he's back spamming whatever he can think of to try and make his new shorts work with his bought account all over again.

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FaNX0p5Y.png&t=558&c=PqOfhoAn7qogHQ

So how you doing with those short losses?

Well what can I say...

http://www.whale.to/c/images8888.jpg

Your account is now useless.  You've already been uncovered and I can just post this picture over and over anytime you do one of your spam posts.  Time to buy a new hero or legendary account like you did that one and start over again.

who wants to buy dirty money anyway and have his name in the papers...

what a troll

did someone auction Kadaffi's gold, or Sadam's diamants, who would bid ? Satan? I mean fuck off duck

So much fear and hate!

Bitcoin must be tanking.

lol user kwukduck the biggest fraud on this forum

How many bidders were there on the previous auctions?

The bidders need to have prove of substantial amount of funds to even be allowed to bid. They needed to wire over a 100,000 USD or something if i'm correct before they could enter.

Not anybody can join this type of auctions.. Also, you only need two people that really want it to get a more than decent price.

Can you quack ? Can you quack like a duck when...

https://duckduckgo.com/?q=Can+you+quack+%3F&ia=videos

if it wouldn´t be desired, there would be no forum. no threads or posts. even your own posts are indicating that there is desire. as long as characters like you are posting stuff like this, i know that bitcoin has huge potential.

keep up the good work, mate.

Source ?

Low interest in the auction could be due to the price rally that was started. Can't think of a reason why a wealthy investor would purchase coins for a premium while the price was below $300 some days before the auction. It doesn't matter if you purchase 10 Bitcoins, but it does matter when blocks are worth 2000BTC each :)

June 2014 - 45 bidders

March 2015 - 14 bidders

Nov 2015 - 11 bidders

The price has been low for the pass year, the drop in bidding interest is expected. Whoever is interested in large quantities of bitcoin has already bought enough and naturally would be less interested in the auctions. The number of bidders is not that important, it's the price they are willing to pay that counts.

that's the correct answer. as long as there are interested parties to buy such a huge load of coins, it can be considered a success. i don't think we'll find out the buying price.

People are allowed to short bitcoin and, assuming that they shorted because they felt the price would fall, they will be negative about bitcoin.
People talking their book is annoying,  but the majority of people do it, and on this forum that means most are holders so are pro-bitcoin.  On that note, Bitcoin is great isn't it... to the moooooooon!

there are not many people who know about Bitcoin who have a sizable amount of money who would bid at the auction.

1)they already have enough (those who have a large stash bought in much lower)
2)institutions probably don't want to buy that much "off market" right now
3)unknown ROI

MANY reasons why there weren't many bidders. That's a large inverstment of something that's future is "fragile" in the eyes of many (blind) people.

One thing's for sure, 5-10 years from now, A LOT more would be looking back wishing they were at the auction.

You have to pre-apply to bid on that and let's face it only a select few businesses have enough money to buy big lots like this. Regular people will just continue to buy them from exchanges. Many people probably don't want to buy them directly off the US gov. I know I wouldn't.'

The price of Bitcoin was going down whole 2014 and stand steady most of 2015. So is normal that right now are least bidders on auction. Since thee is least expectations. But yes, you could expect that those with huge bags of money could see a more wider picture then they do.

I remember in one auction, the buyer revealed his price. I do not remember which one. The last auction is good for clearing the overhang.

Ummmm, he was attacking your position (short), not your character (dum).
Oops, see what I did there?  :D

So yea I just have to answer your question.... I'm doing very well. I made roughly 4-5 times the amount that I lost during the recent pump. Thanks for asking.

next bubble you'll probably just lose it all again anyway.

have fun while it lasts.

@zimmah
That's very possible,  wouldn't be the first time. But that's the fun of it eh? You win some, you lose some.

I still haven't met 11 people that own bitcoin in the last 2 years. Actually, I have not met a single other human face to face that owns bitcoin in 2 years... or that will at least admit to it.....

I gave 1 bitcoin to a friend for him to pay his son's university tuition fees in 17 years time. That is the first person I know who has bitcoin.
I also met a primary school classmates, she also had some bitcoins.
So I know only two people having bitcoin.