Bitcoin Forum

http://www.reuters.com/article/2015/03/05/us-bitcoin-auction-idUSKBN0M11WJ20150305


http://www.bloomberg.com/news/articles/2015-03-05/secondmarket-among-bidders-in-third-silk-road-bitcoin-auction


https://www.reddit.com/r/Bitcoin/comments/2y6ha9/second_market_failed_to_win_bitcoins_in_latest/


https://bitcoinmagazine.com/19512/us-marshals-auction-participant-price-not-significantly-market/


https://twitter.com/josephfcox/status/575359795991023617


http://www.coindesk.com/bitcoin-exchange-itbit-us-marshals-auction-win/


Winners:

• 3k - 1BdmMnKQ417EpUngAnJCYmjYmD9Cud9iZB - itBit (https://blockchain.info/address/1BdmMnKQ417EpUngAnJCYmjYmD9Cud9iZB)
• 20k - 1EAPKSvouAkFJWr5HuNF6wrz4fCN2FBvaY (https://blockchain.info/address/1EAPKSvouAkFJWr5HuNF6wrz4fCN2FBvaY)
• 27k - 1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw (https://blockchain.info/address/1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw)

Nice graph of the three winners. (https://twitter.com/Numisight/status/575298143744458752)

It seems like the 27k was to a syndicate that was split up into 2k, 14k, 5k, 6k. (https://twitter.com/Numisight/status/575299213203935232)

It seems that the syndicate was Cumberland Mining. (https://twitter.com/Cumberland_BTC/status/553343416839725056)

Exactly, you can get reliable and official informations because its not disclosed for the public, and if there is some sort of leak of information,
it will probably be from buyers side. Since i dont believe in coincidences, if the leak happens and it seams very positive, im selling as soon as the suckers who believe it raise the price.Same goes Vice-versa.

cheers

We never found out what anyone paid in the previous auctions. I only found one losing bidder who disclosed what he bid in the first auction. Tim Draper refused to say what he paid. I don't expect any difference for this auction, although I expect people will be stating it's a fact the winners paid x dollars without anything to prove it.

even if some whale says the price we will never know the truth.

I doubt US gov would confirm or deny any info about it

If a whale says the price the whale is probably playing reverse psychology to scam us all anyway.

https://www.reddit.com/r/Bitcoin/comments/2y6ha9/second_market_failed_to_win_bitcoins_in_latest/

SecondMarket Inc. said it wasn’t among the winners of the U.S. government’s third bitcoin auction

it usually sells at a price higher than market price.....

https://bitcoinmagazine.com/19512/us-marshals-auction-participant-price-not-significantly-market/


I'm not exactly surprised his bid didn't get filled.

Im suggesting it sells at around 30% higher, they know they can make a shit ton in the long term and intelligent whales don't want to miss this opportunity.

Now if they would only be kind enough to provide honest informations regarding how high their offer was, it would be much easier to predict future movement, short term ofc.
I think the price went over the market value for sure, but there is sadly no way of knowing without publicly disclosed bids from feds, and that wont happen.

cheers

If I won the auction here's what I would do: Buy one coin on margin for every coin I sold. As long as the market doesn't drop far enough for a margin call, it's free money. Remove leverage near the top of the next bubble, short down to 40% of ATH, cover.  Buy one coin on margin for every coin you sell after that, rinse and repeat. 

This strategy would have made piles of money in every bubble up until now, but past performance is no guarantee etc, etc.

If it did, why not the bidders buy Bitcoins in market instead of costing a higher price on a acution?

These are financial companies they won't buy those coins if its %30 higher they would made a instant loss already..

people who were buying those coins are billionaires and can probably wait a little before they start selling those coins but they eventually will, just question which concerns us is when and how fast

Did he only bid on one lot, or more than one? One little lot of 2k would cost $442000 at his bid price of $221.

it's good that they bought at 30%  higher price, this mean that current value is somehow safe, and the price will rise by 30% before any dump occur, because of that auction

I agree, I think this shows there is a fair bit of hope with people outside the world of bitcoin.

Can you provide us the link to your claim that the bidders bought at 30% higher price ? As far as I concern, it's just a rumour

well yes just a rumor, i read it somewhere in the forum, don't remember know, there was a guy that said it

ok here you go

https://bitcointalk.org/index.php?topic=960634.msg10679456#msg10679456

After the previous auctions took place, I've heard the price was actually lower than the market price.

It is bidding after all.. they might have been sold for $100 , otherwise, why would you bid higher then the market price ? (you always have the option to buy off the market..)

Yep, there were major dumps after every previous auction which means that they bought much lower then market price, i saw some info about Draper who gave a sort of a hint confirming that assumption. No wonder if we have sort of bilderberg wannabe "elite" http://www.coindesk.com/bitcoin-elite-meet-secret-island-bilderberg-style-retreat/

Sounds good but let's think that through. So if you bought 50k bitcoins below exchange price would you a) sell gradually to obtain the most profit or b) dump thousands in huge tranches and smash the price down?

The US Marshals are less likely to scam their buyers, by that basis alone it would make sense to pay more.

Don't see how it's relevant, you have plenty of legit exchanges to buy from without paying 30 or even 10% above the market price.

Hahaha, you know what else used to be a legit exchange? Plenty of whales went there...

They never payed over the market price imo if anything they paid quite abit under the price or about the same if that was the case that they was willing to pay higher, why would they? I mean they could have just set buy walls and brought what they needed over a week or 2 and paid quite abit less. They paid under market rate and so they should.

They could as well bid a lower price while at the same time also bid on an exchange, 2 bids have better chances to be filled than one bid :)

Yep this is what i mean by buy walls ^^ not just a buy wall it would have been needed to be done across the top 4 exchanges over a week or 2 and they would without a doubt be paying less than market. The price would only rise buying 50k at one time but if someone has that sort of money they are far from stupid so they would not have done that or paid over the market. It was probably a bull spread the rumor trying to start a run which i take my hat of to and find funny :)

The rumor was started by a tweet from a twitter account called cryptokees. It's based on nothing but his claim that an "anonymous source" told him before the winners had even been notified. His corresponding bitcointalk account was tweeting for free giveaways of low value plankton shit coins last summer so he can't be rich.

He mentions a coindesk article in his tweet, but there is nothing about 30% above market price in it. I think he just added the coindesk article link to con people into believing it backs his rumor up, which it does not.

hehe, great work Sherlock !  ;)   

But unfortunately, we cannot predict because we don't know how much more was the price of the auctioned coins compared to the price of the coins in the market. If only we know how much it was, we can predict when will they probably sell those coins and when will the auctioned coins really take into effect in the market.

Forgive me for being such a noob but why are the coins sold above the market price when those bidders could buy the same quantity of coins in market price? I mean, isn't this such an insane move or am I missing something about their logic?  ???

I'm also quite confused why would the bidders buy beyond the market price when they could have bought it on much lower rates? I COULDN'T GET THE LOGIC BEHIND IT!  ???  ???  ???  ???

If you are a investor in need of 50.000 btc it will be very hard to buy it from the market or otc.
The main problems are slippage and risks regarding counterparty.
 Both of it and more doesnt apply here

That's pretty impressive if true. Not much room left on the downside for now.

no one needs 50,000 BTC, that's why you troll this shit since $6xx but no one bought those 1000k+ " $600 500 400 300 200 cheap coins" and the price always go lower

Then just sell and forget bitcoin.

But i know u cant. Your addiction and believe in bitcoin is so big that you even have to make atleast 1 new account per day on this forum ::)

Who are all this people selling their bitcoin to if nobody buys? ???

there are always bag holders and losers like you to buy those "cheap coins" to lose money.
however greater fools are not enough for over price coins so the price goes lower and lower!

Yeah, like it is purely visible from 220 to 275 that we are loosing money, and we seem to lose more money tonight, right? Keeping your screen upsidedown much?
There is undeniable buying pressure, a horde of "greater idiots" if u will, and were packed and ready to roll, and dumping ..well..we will dump when u finally decide to buy, and be ultimate trolls :]

cheers

Sure, get ready for the incoming next $97 to $120 to $60 pump and dump scheme

*opens popcorn*

You really shouldnt trade if this is honestly your opinion, just sell all btc and go do something u understand.
Bitcoin price will never be under 100$ again, people are dumb, but not that dumb to let a chance like that pass by them.

cheers

Can we just cut the crap and close this thread ...

Some muppet on twitter  claimed knowledge of bids 30% over mkt prior to bidders being advised  ::) ... credibility zero

Bears talking shit about another crash after auction based on nothing  ::)

BTC will do what its gonna do ...

/thread

When the price at which bitcoins were sold in the first auction is still unknown, why are we talking about the price in the third auction?  ;)

In the end, these were just unconfirmed tweets, so as expected such info won't be revealed that easily. Also if one can buy coins at the market price, why to pay 30% more to US marshalls?

Certain buyers might want to lock in at a particular price or rather buying at a predetermined spot price. If by going to the open market, generally you don't have the luxury getting such large amount at the same price even if you spread your buying order going to different exchangers. That is because price will start to rise as the market cannot cope with such huge demand at any particular time, and it will push the price upwards. Essentially what it means is that you will be buying at higher price.

Is demand strong enough to absorb this quantity over a short period of time? How will the price be affected?

I think its consensus that the coins won't be dumped on the open market and that you don't need to worry about the market absorbing the cons.

so far just fud

normally someone steps out and reveals if they have bought as part of group or whatever

http://www.usmarshals.gov/assets/2015/dpr-february-auction/



so, there is still half a day for wire funds to be sent, so until it is wrapped up, usms won't reveal anyway, and the buyer/s 'may' reveal later on in coming days, maybe not. probably not
it is only people like barry silbert or tim draper that do

we shall see

Yup, please post in this thread if you find any news.

https://blockchain.info/address/12pCPrWvudnefJCtXQUBcm9z2NogtC3Rix

Bitcoins on the move.  Seems like its only one winner.

So they got 50,000.353 BTC.

And 0.05 got sent to someone else.

No fee.

No fee greedy fuckers.

Being split.

First winner.

https://blockchain.info/address/1BdmMnKQ417EpUngAnJCYmjYmD9Cud9iZB

3k coins.

No fees.

Third winner.

https://blockchain.info/address/1DPx2UJtwCQ3N8eGiuDoZSCB7x3rAPWcXw

Anyone want to do some analysis?  Not a new address.

Whats the point of the analysis until we know who the winner of that block of the auction is ?
Anyways the list of the winner should be out this week.

the list of winners may never actually be released

Much to my disappointment. I'm also thinking that they will never disclose who the winner/s was/were due to privacy reasons.

I only see one address here and I don't think they will release the name of the winner. There has been much speculation as who the person is. Since we now know the starting address that is where all the auction coins go to, maybe we can monitor to where it will move on next. Probably this will give us some clue.

They should just go ahead and auction off the rest. We should get this whole thing over with so news of another auction can't impede the price that much. Also at current prices, that many coins are still kinda 'affordable' - if we're at $800 again, they're 2.5 times as expensive!

Updated the post.

It seems like there was 3 winners.  3k, 20k, and 27k.

The 27k seems to be a syndicate that split up the coins among 4 winners.

There's reason to believe Cumberland Mining was the syndicate that one.

No news outlets have reported anything yet.

https://www.reddit.com/r/Bitcoin/comments/2ykjsb/auction_coins_have_been_distributed/

What if they only separated the coins to cause confusion among us? Well, there are no credible sources to base my claims though, and this is just a pure guess.

Plot twist, the gov sold the coins to themselves aswell as accumulating more coin in this year long bear market.  They split up the auctions to push the price down as much as possible all year.  Next up wall street.

Conspiracy haha. But it could be possible, though somewhat a little probable. Can also be the reason why there aren't enough sources to point out who really bought those coins.

Auctions never disclose the results, no auction house ever does this.  People who expected otherwise were misinformed.

Auction really is major bullish in my opinion! It has to be over sport price, man... Don't believe that they went below market price, esp. if that one guy didn't get a single lot!

[US Marshals press] The three winning bidders in the US Marshals Bitcoin auction won quantities totaling 27,000 , 20,000 and 3,000 bitcoins. The Bitcoin transfers to the winners have been completed

https://twitter.com/josephfcox/status/575359795991023617

Just another random tweet, no credible source.

Auctions will almost always fetch "above market" prices because of auction fees, seller premiums, etc.

I think its a credible source.  Anyways coindesk reported the same thing 15 mins later.

Couldn't they simply have kept the coins, and auction them when the price is really high? :P

http://www.coindesk.com/bitcoin-exchange-itbit-us-marshals-auction-win/

itBit is reporting it successfully secured 3,000 BTC