6/30/2012 - Barry Silbert Second Market - Twitter - outbid on all blocks

[RiverBoatBTC]

https://twitter.com/barrysilbert/status/483692873855299584

Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks

[RiverBoatBTC]

http://www.reuters.com/article/2014/06/30/us-usa-bitcoin-auction-idUSKBN0F52N420140630?feedType=RSS

Same stuff different spin, the only thing they said about the bid was it was below market price. So maybe they ended up going for market price.

[Cicero2.0]

http://www.reuters.com/article/2014/06/30/us-usa-bitcoin-auction-idUSKBN0F52N420140630?feedType=RSS

Same stuff different spin, the only thing they said about the bid was it was below market price. So maybe they ended up going for market price.

Considering the price rise I suspect they went for over market price. This was a good day for bitcoin.

[freedomno1]

I need to keep up with the twitter feeds
Anyways it does mean that it was at least at market assuming that as we wait for the result

[RiverBoatBTC]

I am thinking people bid spot, This is my theory don't flame it, subscribe to it or like it if you do not agree lol.

Buying large amounts of coins on the open market would push the price up, so if someone had the capital to buy large amounts of coins they would infact need I would guess about 10% on top of the spot price to adjust for the increase. The buying the blocks at spot actually is a good deal if you look at it from that view, there is no way you could get large amounts of coins on the open market with out a price increase of some shape or form.

Just my theory lol