Does anybody know the fee that they have to pay in order to bid?
Looks like you had to place a deposit rather than pay a fee. I guess otherwise they'd be swamped with reddit morons for the lulz. http://www.usmarshals.gov/assets/2015/dpr-february-auction/"Example 1: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins) requires ONE registration form for Series A with a $100,000 deposit. Use ONE Bid Form to bid for ALL THREE Series A blocks. Example 2: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins), and two (2) blocks of Series B for the same per bitcoin price (e.g. $Y per bitcoin for 6,000 Series B bitcoins) requires ONE registration form for BOTH Series A and B with a $250,000 deposit ($100,000 for Series A plus $150,000 for Series B). Use ONE Bid Form to bid for Series A AND Series B blocks. Note that the per-bitcoin price for Series A does not need to match the Series B per-bitcoin price. Example 3: Three (3) separate bids to purchase blocks of Series A at different prices (e.g. $X per bitcoin for 2,000 bitcoins, $Y per bitcoin for 2,000 bitcoins, and $Z per bitcoin for 2,000 bitcoins) requires THREE separate registration forms (EACH selecting Series A), and a $300,000 deposit ($100,000 for EACH registration). Use THREE Bid Forms, ONE FOR EACH Series A block. Note that each registration also permits a bidder to register for other Series (requiring additional deposits)." Thanks for clarifying that. One of the previous posters had mentioned a non-refundable fee, and that was the first time that I had heard of such a non-refundable fee. A non-refundable fee could make sense, but as your linked materials point out, a non-refundable fee is not based on the real practice that is in place for this auction. And, surely this auction is going to bring in plenty of revenue for our dear Uncle, and he should not need various fees in order to be able to pay for the costs of administering the servicing of the auction. |
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Main Stream adoption is key. Buy Buy Buy while you can get a bargain  That is true mainstream adoption is the key to success, but at present the prices are comparatively going high so it is not the right time to buy, this is the right time to sell a part of bitcoins and make a profit out of it and if the prices goes down in the coming months than can again buy some bitcoins and hold it for the future for the price hike. With all respect I do not agree. Now is still time to buy. I feel the price will rise and fall down to what it is now. Then again this is all speculation but I got this gut feeling a while ago and really think this is another major bubble. I Agree. But the fact is that the newbie who wants to get into the bitcoins for the first time will he buy at this price?? I believe he will wait for the prices to get lower down, and yes the people who are using bitcoins since long time they can still afford to buy as they have already made profits out of it, but for the newbie I don't think its a right time to buy. Soon the world will buy m BTC instead of full BTCThere aren't enough full BTC for everyone, it's only natural the price of 1 BTC is beyond reach of even first world citizens. If you would want to give every citizen of Tokyo a Bitcoin, you would not even have enough to give each of them a full Bitcoin (not enough by half). And that's just one city. It's ridicilous to expect the price of Bitcoin to stay so low that it is accessable for the average person, it's not designed to be. The average person should be able to afford just about 3 m BTC (21 million divided by 7 billion) if you hoor more than that your already ahead of the curve. That's a good illustration of the direction that this thing is likely going, and talking in terms of mbtc is going to become much more practical - and I hope that the bitcoin community or at least some kind of widespread practice will come into adoption in order to be clear about certain names for valuations (and various fractions of a bitcoin), as the priced are likely to continue to increase. personally i like to keep it simple and stick to mills and crows. Mills are already used in finance (although not heard nearly as often as cents) (mill is short for milli, like cent is short for centi, but milli is 1/1000 instead of 1/100). We already have satoshi, and micros are often called 'bits' but I don't like the word bit because of possible confusion (100 satoshi or 1/1,000,000 bitcoin or 1/1,000 mills) Therefore I like using crow, because it's phonetically smilar to micro (the latter part of micro obviously). And crows and mills just kind of make sense. Written could just use normaly ISO notation of m BTC = mill and µ BTC = crow (or u BTC if you can't write µ) I actually liked the suggestion of using Ƀ for bitcoin so we could use ƀ for satoshi. So we have Ƀ mɃ µɃ and ƀ I like it. Did you come up with this on your own, or were you influenced by various discussions on the topic. I think what you are saying is fairly straight forward, and it seems to be fairly intuitive and to be fairly easy to embed into our various subconsciousnesses. |
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3 more hours and the USMS will notify the winning bidder that his bid has been selected.
including the price per bitcoin? I think the winning bidder has quite a good idea what his bid was, no need for the USMS to remind him. 11 people were bidders and nobody knows (unless the bidders work together secretly) Really, only 11 bidders? That is fairly bearish news, if true. Didn't we have close to 30 bidders in previous auctions? Yeah. http://www.coindesk.com/bidder-turnout-low-silk-road-bitcoin-auction/Although it doesn't necessarily mean bears in my opinion. The amount of coins was nothing compared to previous auctions as well. Thanks for that link. That may clear up one point for me, and it appears that in a couple of hours, the bidders find out whether they won or not, which could affect their behavior concerning whether they buy more coins or not with the proceeds that they had allocated for potentially winning some of the blocks. Further, it appears that the public would not find out about the identity of the bidder until Monday, at the earliest, and that is if the winning bidder were to chose to disclose such information. Gosh. There must have been some crazy spread in the bids this time around based on the then price fluctuations of BTC prices. We won't know their names, but we'll probably see the result soon enough. China (apparently) isn't pumping anything any more so the auction might have an effect after all. Don't count China out. I'm sure that there are plenty of bitcoin enthusiasts (or maybe some would call them speculators) who may be waiting for fairly clear signs of a trend reversal before they return to pumping (or buying) mode. |
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3 more hours and the USMS will notify the winning bidder that his bid has been selected.
including the price per bitcoin? I think the winning bidder has quite a good idea what his bid was, no need for the USMS to remind him. 11 people were bidders and nobody knows (unless the bidders work together secretly) Really, only 11 bidders? That is fairly bearish news, if true. Didn't we have close to 30 bidders in previous auctions? only the first one 11 was a tie with with another auction, lowest precipitation, as the twins said, it's kinda pointless to go to these you're pretty much guaranteed to buy at the top. Not if you put in a really cheapskate bid and it wins because nobody else made any bids. They have to pay some money to bid plus make a deposit. I don't think they get the bidding fee back, but the deposit gets returned so it doesn't cost silly money to put a cheapskate bid on. Does anybody know the fee that they have to pay in order to bid? That's a little bit crazy that there is a fee (but upon reflection it does make some sense to have some kind of fee for the government to ensure some sure revenue from the administration of the process, and it may provide a bit more assurance of serious bidders). Likely the non-refundable fee affects how much bidders are willing to bid, depending on how large is that fee. |
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3 more hours and the USMS will notify the winning bidder that his bid has been selected.
including the price per bitcoin? I think the winning bidder has quite a good idea what his bid was, no need for the USMS to remind him. 11 people were bidders and nobody knows (unless the bidders work together secretly) Really, only 11 bidders? That is fairly bearish news, if true. Didn't we have close to 30 bidders in previous auctions? Yeah. http://www.coindesk.com/bidder-turnout-low-silk-road-bitcoin-auction/Although it doesn't necessarily mean bears in my opinion. The amount of coins was nothing compared to previous auctions as well. Thanks for that link. That may clear up one point for me, and it appears that in a couple of hours, the bidders find out whether they won or not, which could affect their behavior concerning whether they buy more coins or not with the proceeds that they had allocated for potentially winning some of the blocks. Further, it appears that the public would not find out about the identity of the bidder until Monday, at the earliest, and that is if the winning bidder were to chose to disclose such information. Gosh. There must have been some crazy spread in the bids this time around based on the then price fluctuations of BTC prices. |
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3 more hours and the USMS will notify the winning bidder that his bid has been selected.
including the price per bitcoin? I think the winning bidder has quite a good idea what his bid was, no need for the USMS to remind him. 11 people were bidders and nobody knows (unless the bidders work together secretly) Really, only 11 bidders? That is fairly bearish news, if true. Didn't we have close to 30 bidders in previous auctions? |
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3 more hours and the USMS will notify the winning bidder that his bid has been selected.
Does anyone have a link to who were the bidders? The quantity of bidders and any description of who they represent? |
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 I just wish the price would stabilize sometime That's not going to happen anytime soon, so it makes little sense to request the nearly impossible |
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if we're going to reach my 520 target for tomorrow afternoon ( in ~24hours) we need to rise at a rate of 8 cent per minute
What if we reach $520 by tomorrow, should we get free beers?  |
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Just 17 $ between Huobi and finex now
BTC-E more or less caught up too, these spreads are just fucking crazy, and sometimes the differences in valuation creates some confusion about what to do, if anything in such situations. |
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I think (based on nothing but my own gut feeling) we will most likely stabilise at $300.
You are correct, all the stupid fucks that didn't buy at the bottom around $230 hope it will go to $300. Will it go there? No. https://www.youtube.com/watch?v=0akBdQa55b4hahahahaha... that is true, and surely a bit of wishful think for posters describing a $300 scenario... In essence, we are passed $300..... ... surely we could return from time to time, but largely we are going to be $500 and beyond in the coming weeks, yet I am certainly not in a position to predict exactly where the stable point will be, but I suspect that with current trade volume, we are not going to be stable for at least the next few weeks. |
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Main Stream adoption is key. Buy Buy Buy while you can get a bargain That is true mainstream adoption is the key to success, but at present the prices are comparatively going high so it is not the right time to buy, this is the right time to sell a part of bitcoins and make a profit out of it and if the prices goes down in the coming months than can again buy some bitcoins and hold it for the future for the price hike. With all respect I do not agree. Now is still time to buy. I feel the price will rise and fall down to what it is now. Then again this is all speculation but I got this gut feeling a while ago and really think this is another major bubble. I Agree. But the fact is that the newbie who wants to get into the bitcoins for the first time will he buy at this price?? I believe he will wait for the prices to get lower down, and yes the people who are using bitcoins since long time they can still afford to buy as they have already made profits out of it, but for the newbie I don't think its a right time to buy. Soon the world will buy m BTC instead of full BTCThere aren't enough full BTC for everyone, it's only natural the price of 1 BTC is beyond reach of even first world citizens. If you would want to give every citizen of Tokyo a Bitcoin, you would not even have enough to give each of them a full Bitcoin (not enough by half). And that's just one city. It's ridicilous to expect the price of Bitcoin to stay so low that it is accessable for the average person, it's not designed to be. The average person should be able to afford just about 3 m BTC (21 million divided by 7 billion) if you hoor more than that your already ahead of the curve. That's a good illustration of the direction that this thing is likely going, and talking in terms of mbtc is going to become much more practical - and I hope that the bitcoin community or at least some kind of widespread practice will come into adoption in order to be clear about certain names for valuations (and various fractions of a bitcoin), as the priced are likely to continue to increase. |
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I believe he will wait for the prices to get lower down, and yes the people who are using bitcoins since long time they can still afford to buy as they have already made profits out of it, but for the newbie I don't think its a right time to buy.
I was a n00b the first time the price hit $400. Your advice would have been bad then and I think it's probably bad now. I agree, this may be the last time to get coins sub 500 The next ATH will make the last one look like peanuts We all hope! Give it a week and you'll be able to get them for sub $250 again. Yeah right. You should realize by now that the past 20 months of bitcoin's performance is not a very accurate prediction of its future performance, and currently with market dynamics, it is very likely that your prediction is wrong (your prediction of this post probably has less than a 1% chance of occurring, especially within the next 1 -2 weeks). |
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Main Stream adoption is key. Buy Buy Buy while you can get a bargain That is true mainstream adoption is the key to success, but at present the prices are comparatively going high so it is not the right time to buy, this is the right time to sell a part of bitcoins and make a profit out of it and if the prices goes down in the coming months than can again buy some bitcoins and hold it for the future for the price hike. With all respect I do not agree. Now is still time to buy. I feel the price will rise and fall down to what it is now. Then again this is all speculation but I got this gut feeling a while ago and really think this is another major bubble. I Agree. But the fact is that the newbie who wants to get into the bitcoins for the first time will he buy at this price?? I believe he will wait for the prices to get lower down, and yes the people who are using bitcoins since long time they can still afford to buy as they have already made profits out of it, but for the newbie I don't think its a right time to buy. newbies look at the trend, and experience FOMO (fear of missing out). Sometimes, it can take a bit of price momentum for this to occur, but when something is on the rise, the news gets out and newbies begin to jump on board, and maybe they only begin with a small amount, but as the price keeps rising, they begin to invest more and more, and then at some point the bubble bursts, and many of the later arrivers are trapped.... Anyhow, everyone hopes that it will not be him/her that is trapped. |
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http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months. The world just isn't going to be the same and we have been blessed as the pioneers. What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop? I must think about this if and when this level will be reached. But for sure I will spend some of m bitcoins for the fee of the universities for my two daughters. If the price will be reached before their going there. hen i will wait that the price go more to spend others. Have no other rush things to do for the moment. Maybe I will change some others just for diversification of my money but not sure about this. Anyhow, as i told in the beginning, everything will be decided in the right, desired and needed moment. When the price will arrive that fantastic figure. Yes, I am sure that many of us will be selling off coins along the way, so it will likely, if coins were to be valued at $10,000, that we may only have maintained a small fraction of our original coins, unless we plan ahead and attempt to figure out ways to preserve a sufficient quantity of our BTC stash in order to enjoy the fruits of that $10,000 price-point. |
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Sure, boredom, but now with pepper...
Did you sell all coins at $2 or were they all on Gox I will laugh in your face when ok ponzi goes down and takes all of your "sound money" to socialize loss of some 20x leveraged dood. Actually, with the quantity of daily and/or weekly volume that we have been seeing, even if the speculative conclusion were correct that the winner intends to dump coins, it seems very likely that the current state of the market, including volume and price direction, would fairly easily be able to absorb such dumping... .. that is given the hypothetical dumping intent... seems to be unlikely FUD spreading, anyhow. |
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I am not in coins  So far for a "Legendary trader". Still waiting for that dump bro? Yep... that's a bit ridiculous. |
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It's all da china now Watch them sell today and it all goes back to $230. Just so china can say eat it trumpiteers. China remains a factor, but China is not leading the rally. China has lost some credibility with the no fee exchanges and some of the lack of transparency regarding BTC holdings (trades) |
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There's no way we're gonna keep going, is it?
I'm just guessing that maybe we can take a little breather at $666 in order to play a little numerology? $666 seems like a decent point to take a breath, but it could be that the BTC market is a bit too hot for that. I keep looking forward to the affect of the Fed auction on Thursday, and we will hear the results on Friday, with maybe some speculation between. It seems inevitable that the bids are going to have to be much higher than a lot of the bidders had initially considered to be within their expectations. |
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You know Lord of the Flies? Imagine those kids all on crack? And I mean just chaining rock after rock, no sleep, no food...
*This is apropos of nothing, of course. Any resemblance to what's going on here now is purely coincidental.
Who is the character Piggy? We had to read that bull shit at school for an exam. It's just a representation of the dynamics and representation of sociology and psychology... |
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