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Title: Tim Draper Announced as Winner of Silk Road Coins Post by: BTCINVESTOR on July 02, 2014, 03:16:54 PM http://www.chicagotribune.com/business/breaking/sns-rt-us-usa-bitcoin-20140701,0,4038036.story
Title: Re: Tim Draper Announced as Winner of Silk Road Coins Post by: gjgjg on July 02, 2014, 03:22:29 PM I guess this is good news... at least he's not a pump n'dump type.
Title: Re: Tim Draper Announced as Winner of Silk Road Coins Post by: newIndia on July 02, 2014, 03:24:54 PM http://www.chicagotribune.com/business/breaking/sns-rt-us-usa-bitcoin-20140701,0,4038036.story Reuters broke it. Below is the original copy... http://www.reuters.com/article/2014/07/02/us-usa-bitcoin-idUSKBN0F719920140702 Title: Re: Tim Draper Announced as Winner of Silk Road Coins Post by: fryarminer on July 02, 2014, 03:31:09 PM Dang that's a lot of money.
Title: Re: Tim Draper Announced as Winner of Silk Road Coins Post by: gjgjg on July 02, 2014, 03:37:19 PM Dang that's a lot of money. "$18 million for 30,000 bitcoin" = aprx 600$ each: above market value for the day of the auction Title: Re: Tim Draper Announced as Winner of Silk Road Coins Post by: newIndia on July 02, 2014, 04:07:37 PM Dang that's a lot of money. "$18 million for 30,000 bitcoin" = aprx 600$ each: above market value for the day of the auction if he sale them right now, he'll make 1500000 USD immediately :) Title: Re: Tim Draper Announced as Winner of Silk Road Coins Post by: lihuajkl on July 02, 2014, 04:14:47 PM No matter the price, The winner will create new service using the bidded 30,000 BTC, a good cauce， which will help the development of bitcoin industry.
Title: Re: Tim Draper Announced as Winner of Silk Road Coins Post by: gjgjg on July 02, 2014, 04:52:46 PM Dang that's a lot of money. "$18 million for 30,000 bitcoin" = aprx 600$ each: above market value for the day of the auction if he sale them right now, he'll make 1500000 USD immediately :) Well, the price would drop as each bunch of 20 or more would be sold, so by the time he's sold 2k of them the price would be below auction price (minus the 200k entry fee) he would lose out big time. MAybe Im exagerating, and it depends on the volume of the day but it would go something like that. Anyway, he wants to channel them into companies so I think we;re safe. I just hope the losing bidders get buying fever and spend all that unspent fiat on BTC on the exchanges :) gogogo! |