Bitcoin Forum

http://www.btcfeed.net/news/bitcoin-price-jumped-following-usms-auction/ (http://www.btcfeed.net/news/bitcoin-price-jumped-following-usms-auction/)

If a single winner outbid all of his competitors then he must have had a very high bidding price. Since the investors and venture capitalists who bid on the coins mostly came from a technological background they knew the true value of bitcoin according to the exchanges. The fact that one bidder won all the coins means he put a very high price to the bitcoins. If the coins sold for such a high price it would not make sense for the winner to simply dump all his coins, because that would mean taking a net loss. As a result, the bidder will hold on to the coins and not cause a dump on the exchange.

Still nothing about the bid price..Why so much secrecy?

Privacy perhaps?

It always something back on the secrety :)

bitcoin price did not jump after the auction..

bitcoin price tanked below before the auction..

this is just a thing called resettling..

$650 seems like a natural price,

a hole ?  :D
https://i.imgur.com/ixAuYd8.gif

That made my day.

The fact that one bidder won them all does seem to indicate they went for over market value or at least at market value.

The natural price is $1800 right now.  We are way below it.

The winner admitted that he works trying to bring bitcoin to the third world where the prices are much higher for them to acquire.  The "high price" may have seemed like a bargain to them.

Just curious, by what analysis are you coming up with $1800?

We are pretty close on that BitChicksHusband I agree.

My calculations have us at $1906 today.
(We are log10() -0.465 below the curve at $654.)

We are using the calculation from Stephen Reed's logistic curve.

We'll see what he says at this press conference. I wonder if there are any terms around disclosure of the auction price. I'd love to know what price they went for....

This thread (https://bitcointalk.org/index.php?topic=675196.0) seems to have a play by play of his press conference.  He is not saying what he paid, "More than the other bidders."

My theory for the price restoration/improvement is that a bunch of bidders thought they might get coins at a discount due to the sale.  They were disappointed and now don't have an impending opportunity to buy a lot of coins at auction, so they are inclined to buy at least a few coins on the market.

Good Luck!

Yeah but it seems like the most we talk about a bubble, the less it happens, so maybe we can focus on another thing.  :D