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Author Topic: Will the US Marshals 50K bitcoin auction in March crash the price?  (Read 1762 times)
readysalted89 (OP)
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February 18, 2015, 05:58:17 PM
 #1

Will the US Marshals 50K bitcoin auction in March crash the price?

http://www.coindesk.com/us-marshals-auction-50000-bitcoins-march/

The US Marshals service has announced it will auction off 50,000 BTC, worth 11.85m at press time, to the public on 5th March.

The auction will take place from 8:00 EST to 14:00 EST, with bids being accepted only by pre-registered participants. Bidders must complete the registration process by 2nd March to be eligible, while winning bidders will be notified 6th March.
fonzie
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February 18, 2015, 06:07:04 PM
 #2

200$ won´t hold this time. I wonder if 100$ will  Undecided

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brg444
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February 18, 2015, 06:12:58 PM
 #3

Did the previous auctions crash the price  Huh

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
above1000
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February 18, 2015, 06:27:36 PM
 #4

''Wow'' wonder what Tim draper will be doing

basic-lee if it splits into smaller holders it would be better
rather than one kat getting all the coins
this way the for-chin is diversified , split up among a lot of people  
or bidders , making the potential for the coins to go more liquid
and back into the economy as they will sell off at different times
at different prices,. Ross shore was holding a bunch ,
and all and all, a -tun- of people are sitting on coins. a-waiting
the next rise ? (maybe the HALF-ING?).. if one person gets all the coins they could sit on
them for a untold time and dimension like Tim draper may be as he bought in around 650 = price ,.

send this thing to the moon all ready or above $1000
its jest you will need a major frenzy!
maybe HALF-ing
a lot of buying selling trading e.c.t.
holding seems to stagnate the price ?
MT GOX manipulated the market
someone get there hands on this technology
and drive the price skyward as MT GOX did , china , e.c.t.....  
peace ,,...
gentlemand
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February 18, 2015, 06:28:29 PM
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The first one gave quite a few people the willies. The last one didn't seem to have much or any effect. It'll be the same for this.
elephantas1
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February 18, 2015, 06:37:39 PM
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is it possible to buy coins cheaper on those auctions or it isnt worth tryng?
gentlemand
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February 18, 2015, 06:40:41 PM
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is it possible to buy coins cheaper on those auctions or it isnt worth tryng?

A SecondMarket syndicate got most of them last time. It was made up of several investors. I dunno how many were big swinging dicks, but it's worth asking. Most have guessed that they went for sub the market price.
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