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you do realize that buying 50K bitcoin on stamps could (in theory and under very specific conditions) puch price well over infinity
If you do it really wrong, yeah. You can also accidentally send the coin you bought to the wrong addy. Are we trying to come up with "how can I lose money like an idiot" scenarios? ah but if you buy the 20K BTC available on the market today and then immediately send the price to infinity you've just made some very nice paper profits  in bitcoin land this is known as rocket-science  |
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sentiment is low, volume is low, volatility is low, number of bids is low.
EVERYTHING IS LOW!
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Why do people believe that bids were around USD 400 ? these are blocks of 2 and 3 k. if I were to buy one block I would rather look for a discounted bid of at least 5 percent, otherwise i could buy them on exchange. in addition if i knew that there are only 11 bidders, which implies a low demand i would add another 5 percent...
i guess i should have worded the poll "I believe wish the FBI 50K coins sold at an avg. price of:" 😉 going through all the hasle to confirm id, transfer 150 k usd in advance and have a weekend in between before settlement on a fixed price ? for a premuim on current exchange prices ? never ever... you do realize that buying 50K bitcoin on stamps could (in theory and under very specific conditions) puch price well over infinity |
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One bid could take them all... Bidders must register to participate in a designated Series. Bidders may register to participate in more than one Series, but must provide the required deposit for each Series (i.e. the deposit requirement aggregates depending on the number of Series selected).
As with the last auction, one registration allows you to bid on multiple blocks for the same price, but does not allow you submit multiple bids at varying prices. If you wish to have the ability to bid multiple prices on multiple blocks within the same Series, you will need to submit another registration form and additional deposit. The following examples are provided for your convenience:
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 this so 27bids doesn't look so bearish after all  |
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in other news...  Bitcoin camwhore? classy bitcoin escort? |
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in other news... |
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Why do people believe that bids were around USD 400 ? these are blocks of 2 and 3 k. if I were to buy one block I would rather look for a discounted bid of at least 5 percent, otherwise i could buy them on exchange. in addition if i knew that there are only 11 bidders, which implies a low demand i would add another 5 percent...
i guess i should have worded the poll "I believe wish the FBI 50K coins sold at an avg. price of:" |
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11 registered bidders - that sounds low... anyone know how many there were last time? Significantly more IIRC .. I think there were about 10 names on the leaked partial list EDIT : Seems pretty clear nobody here knows if it is 1 bid can be for multiple blocks lol 27 bids for 20 blocks? less than 2 bids/block? After what happened at the last auction, I can't imagine they would be for anywhere close to market price. yes but remember what happened last time you tried to be a hero and grab shit tons of ammo in order to support lower prices? this time its different. |
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Out of topic but for our russian friend  that and  |
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if we go over 375.6 in the next 3 hours, all bets are off.
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Wow!!!!!!!! If that's true, then that is surely a small number of bids. 27 bids for 20 lots? I may have to revise my thinking based on that news if it were true. yes but maybe someones 1 bid was for 10 blocks @390 |
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My guess is that Draper wins most of the blocks with bids of $450 to $499. The guy has a no-fucks-given attitude and he wants those coins. If you believed that Bitcoin would reach 10k in a few years why not bid high enough to make sure you win them?
lol thanks to Mr. Draper the float is 0 TO THE MOON! |
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my bet is all coins sold for atleast 450  i'm thinking 400 was top bid on a few of the blocks the rest are 350+ hopefully we get some info about this in the coming days. i dont think we will... we will have to look to the market's movement for answers, 10$ says market stays flat as fuck for 10 days  I don't think so, there is a larger triangle that will break in a couple of days. As for the auction, I believe most bids should have been around 300$ and lower and the gov may not have sold all now. 27 bid says you're wrong 10 blocks with 2000btc + 10 blocks with 3000btc... you do the math. Winning bids were probably 10% above the market price. Well it's not my maths, just posting the article. I'm sure you can make one bid for multiple blocks, it's not EBAY. i had not considered that. |
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my bet is all coins sold for atleast 450 i'm thinking 400 was top bid on a few of the blocks the rest are 350+ hopefully we get some info about this in the coming days. i dont think we will... we will have to look to the market's movement for answers, 10$ says market stays flat as fuck for 10 days I don't think so, there is a larger triangle that will break in a couple of days. As for the auction, I believe most bids should have been around 300$ and lower and the gov may not have sold all now. 27 bid says you're wrong 10 blocks with 2000btc + 10 blocks with 3000btc... you do the math. Winning bids were probably 10% above the market price. with 7 losing bids... IDK - or + 10% of current market price sounds right. |
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FBI should of just dump across a few exchanges...
give the littles guys some love come on!
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my bet is all coins sold for atleast 450 i'm thinking 400 was top bid on a few of the blocks the rest are 350+ hopefully we get some info about this in the coming days. i dont think we will... we will have to look to the market's movement for answers, 10$ says market stays flat as fuck for 10 days at the very least we will get to know how many winner there was but looking at the TX from their wallet. |
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my bet is all coins sold for atleast 450 i'm thinking 400 was top bid on a few of the blocks the rest are 350+ hopefully we get some info about this in the coming days. i dont think we will... we will have to look to the market's movement for answers, 10$ says market stays flat as fuck for 10 days |
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remember, free beer on this thread as we break 800  |
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