... it is at least as tempting to buy in at the current level than it was at the level during the previous auction, and probably more so.
What do you mean? Do you know the price paid at the last auction? (If not, what are you extrapolating from?) We don't know the exact price that the lots took in last time, but probably neither drastically above nor below market. Not drastically below, because one guy got them all, not drastically above, because the premium to get them all in one, counter party risk free lot is there, but probably not so large that it warrants, say, doubling market price.
And I'll add: while nobody named their exact bid, iirc two participants went on record that they submitted, in their words, lowball offers, but they still referred to it in the context of current on-exchange market price. That was seriously an enlightening moment for me: I had always, in the most bearish corner of my mind, suspected that there might be "the market price" that us dumbasses pay, and the "true value of a coin" the big boys are looking at. Turns out, the big boys (and girls) are just staring at market price as defined by on-exchange trading as we do. Small consolation  Not sure how you got from "two participants [going] on record [with] lowball offers" to anything meaningful. If offers were made @$100 or even $20 per, would the statements be any different? Just how much wish fulfilment is involved here?  |
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...Since printing USD doesn't work so well any more...
Working just fine. USD doing great rel. all teh inferior backwater currencies, Bitcoin included.  |
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... it is at least as tempting to buy in at the current level than it was at the level during the previous auction, and probably more so.
What do you mean? Do you know the price paid at the last auction? (If not, what are you extrapolating from?) |
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"Trouble started when people began speculating that the value of Bitcoin would rise, thereby raising the demand for Bitcoin and making the value-rise a self-fulfilling prophesy. ... Bitcoin is not a deliberate Ponzi." If World Bank has ever made claims to the contrary, please cite. |
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Messrs Branson and Draper never lie and are always right.  ~Your Beneficent Reptilian Overlords |
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For my judgement, he and his track record can (and should) be respected.
Though his Bitcoin "investment" is still chuckle-worthy... Edit: On second thought, maybe he could turn it into a spectacular tax write-off stratagem? |
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Silkroad was accumulating Bitcoins ? What does that even mean ? ...
You know the seized coin US government is auctioning off? That's what it means.  |
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Annoys me very much, that many people use the words "sell" and "dump" as synonyms today. The word "dump" lost its meaning.
It's probably because it rhymes with "pump". Inexperienced children... Anyone under the age of 60 is a child to a drug-addled old coot like you. |
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And we all know people can always be taken at their word, and that people never lie, even when they think it will benefit them.
Yeah, but Tim Draper is not a random dude from the street. He is widely trusted and respected... We adore him!  |
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Such interesting advice.
Way to take pride in your ignorance, Buddy. Stay poor. |
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Seel bitcoin ≠ dump ( in a little deal).
Oh my GOD ......
If selling 50k to the highest bidder is not dumping, what is? Read the bold phrase. ... 50k BTC is "a little deal" to you? Way to make me feel poor  50k BTC isn't a little deal for me , please be an adult person. The troll aren't welcome here  . The US government is dumping 50 KBTC. So where's the problem? |
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Annoys me very much, that many people use the words "sell" and "dump" as synonyms today. The word "dump" lost its meaning.
lol, OK.  |
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Seel bitcoin ≠ dump ( in a little deal).
Oh my GOD ......
If selling 50k to the highest bidder is not dumping, what is? Read the bold phrase. ... 50k BTC is "a little deal" to you? Way to make me feel poor |
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Draper wont sell during ("dump") the next 3 years. He is in longterm. He said that in interviews.
Sure  |
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Seel bitcoin ≠ dump ( in a little deal).
Oh my GOD ......
If selling 50k to the highest bidder is not dumping, what is? |
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Dumping 50.000 BTC on the market soon sure is not bullish. I wish the US government is wiser and sell those seized coins slowly through the exchange. How it that dumping? How is it that you don't uderstanderstand? Selling 50K = dumping, opposite of hodling. I don't now if you are just manipulating with people or you are simply stupid. Let me explain: If someone sells bitcoin on OTC market, this doesn't have any influence on exchanges. It is just transfer from temporary holder to a new long term holder. Full stop. Two faulty assumptions: 1. The coin sold OTC doesn't eventually appear on exchanges. 2. "Long term holder." *How's your boss BTC investment doin'? |
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Dumping 50.000 BTC on the market soon sure is not bullish. I wish the US government is wiser and sell those seized coins slowly through the exchange. How it that dumping? How is it that you don't uderstanderstand? Selling 50K = dumping, opposite of hodling.  |
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I don't think the auctions will have a huge effect on the price. Why would you go to the trouble to buy all the coins at auction if only to dump them at market with slippage?
Buy low. Sell higher. Profit. No, these buyers are strong hands. If anything some of these coins will get distributed to weak hands during the next exponential run up and you won't even notice.
"Next exponential run up" Good one, bro. OK, OK, now that I'm done laughing, how will these coins "get distributed to weak hands"? |
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Anyone posted this yet?
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Sort'a ... after what happened to Draper...
Maybe he'll bid again, because dollar cost averaging? Worked out real good for the local bulls, amirite? |
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Hope this time you are right, so I will be able to recover at least some children I sold too.
This time, for sure!  @LFC_Bitcoin re. risk: No risk involved. Because disruptive technology groundbreaking revolutionary network effect. We can't lose!
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