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December 03, 2014, 07:25:53 PM |
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That is why the price dipped when Draper bought the first round of auctioned coins. He made a bid for all of the coins at the exact market price, the fair price, not a penny above, and won every single auction. When the news of this broke, everybody learned that not a single bidder had made an offer above the market.
This time around, I don't think Tim is going to take any chances, especially on a double-down purchase. When the news comes out that he won the auction by making a bid of $400-500 for the coins, then the price will get a Draper Bump, and then a NASDAQ:COIN Bump, and then a Janet Yellen Endorsement Bump, and then a Chinese No-Ban-Forever-Promise Bump, and then a Russia No-Ban-Forever-Promise Bump, and then a social media Changetip Bump, and then a...well I think you get the point.
Just remember, at this exact moment last year, if you recall, there was no chance in hell you could ever convince somebody from r/buttcoin that ANY billion dollar corporation would EVER take bitcoin as a full, legitimate payment option for all of their products and services. I spent several months, in a row, trying to show people the benefit and potential, but they all denied it 100% without hesitation, full stop. Now? Dell, Newegg, Overstock, Dish Network, Expedia, Paypal getting on board via Braintree, Ebay promising to follow Paypal's lead, Square integrating bitcoin, Virgin Galactic, and many other huge entities are now accepting bitcoin just as easily, or actually much more easily, as cash or credit.
I can't wait to go on r/buttcoin in the future.
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