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Title: [2016-08-23] Anonymous bidder bought $1.6 mln of last Silk Road bitcoins Post by: smartgerman on August 23, 2016, 01:57:56 PM Anonymous bidder bought $1.6 mln of last Silk Road bitcoins
US Marshals Service has auctioned 2,700 BTC in a single lot mostly combining seized funds from a few Silk Road related cases. http://www.coinfox.info/news/6244-anonymous-bidder-bought-1-6-mln-of-last-silk-road-bitcoins Title: Re: [2016-08-23] Anonymous bidder bought $1.6 mln of last Silk Road bitcoins Post by: Coin-Keeper on August 23, 2016, 07:49:14 PM I would have thought a large auction like this would mean a "deal" on BTC. After reading through this article and doing basic math, the buyer didn't get a deal at all.
$1,600,000.00 for 2700 BTC = 592.59 per coin. The exchange rate is lower than that. Wonder why no significant deal?? Title: Re: [2016-08-23] Anonymous bidder bought $1.6 mln of last Silk Road bitcoins Post by: richardsNY on August 23, 2016, 10:41:56 PM I would have thought a large auction like this would mean a "deal" on BTC. After reading through this article and doing basic math, the buyer didn't get a deal at all. $1,600,000.00 for 2700 BTC = 592.59 per coin. The exchange rate is lower than that. Wonder why no significant deal?? It is infact a decent price if you calculate how much it would cost you when you buy that many coins yourself from an exchange. Bitfinex 2700 BTC would require you to buy the price up to slightly over the $600 level. Bitstamp 2700 BTC would require you to buy the price up to the $685 level. BTC-E 2700 BTC would require you to buy the price up to the $660 level. Huge differences, but you get the point (I hope). Title: Re: [2016-08-23] Anonymous bidder bought $1.6 mln of last Silk Road bitcoins Post by: pitham1 on August 23, 2016, 11:57:50 PM Anonymous bidder bought $1.6 mln of last Silk Road bitcoins US Marshals Service has auctioned 2,700 BTC in a single lot mostly combining seized funds from a few Silk Road related cases. http://www.coinfox.info/news/6244-anonymous-bidder-bought-1-6-mln-of-last-silk-road-bitcoins It possibly would be a big fish like Tim Draper. The US agents won't disclose the buyers until they themselves decide to make it public. |