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Title: Outbid or hidden reserve price? Post by: jl2012 on July 01, 2014, 02:45:47 PM We know there is a number of losers in the auction. They all think they are outbid (i.e. someone offer higher price than them). Is it possible that the US gov actually has a hidden reserve price for these bitcoin, and some or even all bitcoin were not sold? This is possible according to the FAQ. I don't think it's likely and if this is true, it is extremely bullish.
Title: Re: Outbid or hidden reserve price? Post by: JimboToronto on July 01, 2014, 02:52:31 PM http://i664.photobucket.com/albums/vv10/JimboToronto/tin-foil-hat.jpg (http://s664.photobucket.com/user/JimboToronto/media/tin-foil-hat.jpg.html)
:) ;) :D ;D 8) Title: Re: Outbid or hidden reserve price? Post by: zimmah on July 01, 2014, 03:05:12 PM They have all been sold for over $680 per coin.
and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly. Title: Re: Outbid or hidden reserve price? Post by: jl2012 on July 01, 2014, 03:06:50 PM They have all been sold for over $680 per coin. and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly. Source for $680? Losers have paid only 200k for deposit (Losers of syndicate have to pay in full amount in advance) Title: Re: Outbid or hidden reserve price? Post by: BitchicksHusband on July 01, 2014, 05:24:47 PM They have all been sold for over $680 per coin. and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly. Source for $680? Losers have paid only 200k for deposit (Losers of syndicate have to pay in full amount in advance) I don't know about $680, but someone calculated Second Market's bid at $665 based on doing some math on several statements they made. And they stated that they lost. Title: Re: Outbid or hidden reserve price? Post by: criptix on July 01, 2014, 06:15:43 PM They have all been sold for over $680 per coin. and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly. Source for $680? Losers have paid only 200k for deposit (Losers of syndicate have to pay in full amount in advance) I don't know about $680, but someone calculated Second Market's bid at $665 based on doing some math on several statements they made. And they stated that they lost. Quote Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly $17.7m. 28.400.000 / 48.013 =~ 591 $ source (http://"http://www.coindesk.com/barry-silbert-data-secondmarket-us-marshal-auction-syndicate/") Title: Re: Outbid or hidden reserve price? Post by: mmortal03 on July 01, 2014, 07:40:07 PM They were just transferred: https://blockchain.info/address/1Ez69SnzzmePmZX3WpEzMKTrcBF2gpNQ55
Title: Re: Outbid or hidden reserve price? Post by: Bitcoin_is_here_to_stay on July 02, 2014, 12:17:17 AM They have all been sold for over $680 per coin. and the money that will be wired back to the losers will most likely reach the exchanges within two weeks, either directly or indirectly. Source for $680? Losers have paid only 200k for deposit (Losers of syndicate have to pay in full amount in advance) I don't know about $680, but someone calculated Second Market's bid at $665 based on doing some math on several statements they made. And they stated that they lost. Quote Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly $17.7m. 28.400.000 / 48.013 =~ 591 $ source (http://"http://www.coindesk.com/barry-silbert-data-secondmarket-us-marshal-auction-syndicate/") That was just bad journalism, coin desk added current bitcoin value and made it sound as a value of Barry's bid. Title: Re: Outbid or hidden reserve price? Post by: InwardContour on July 04, 2014, 12:39:02 AM If there was a hidden reserve and the reserve was not met then the coins would not have been sold. The only way that the coins were sold if there was a hidden reserve would be if the winning bidder had bit an amount higher then the reserve.
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