Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[wachtwoord]

WOW, LEAKED INFO ON BIDDERS FOR US MASHALL BITCOIN AUCTION


Barry Silbert, CEO for SecondMarket

Luther Lowe, director of public policy for Yelp

Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group

Fabrice Evangelista, quantitative arbitrage at BNP Paribas

Michal Handerhanm, co-founder and COO of Bitcoin Shop

Dave Goel, managing general partner of Matrix Capital Management

Dinuka Samarasinghe, investment professional

Chris DeMuth Jr., Wrangeley Capital

Fred Ehrsam, co-founder, Coinbase

Jonathan Disner, corporate counsel at DRW Trading Group

William Brindise, head investment manager at DigitalBTC

Michael Moro, director at SecondMarket

Jennifer R. Jacoby, lawyer at WilmerHale

Sam Lee, co-founder, Bitcoins Reserve

Avarus Corporation

PLUS YELP AND BNP Paribas (fourth largest bank in world)

source please. looks like a few start-up type people, and not as many wallstreeters as i was hoping for. can't complain though.

This just sample, 37 total

of which 27 are sure to go home empty handed

i'm starting to think people that said they coins might sell at a premium we're right!

I have a feeling one person is going to take the whole lot. The FAQs clarified the auction style.

I'm in the camp who suspects a premium being paid.

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[skivrmt]

WOW, LEAKED INFO ON BIDDERS FOR US MASHALL BITCOIN AUCTION


Barry Silbert, CEO for SecondMarket

Luther Lowe, director of public policy for Yelp

Malcolm Oluwasanmi, chairperson of Little Phoenix Investment Group

Fabrice Evangelista, quantitative arbitrage at BNP Paribas

Michal Handerhanm, co-founder and COO of Bitcoin Shop

Dave Goel, managing general partner of Matrix Capital Management

Dinuka Samarasinghe, investment professional

Chris DeMuth Jr., Wrangeley Capital

Fred Ehrsam, co-founder, Coinbase

Jonathan Disner, corporate counsel at DRW Trading Group

William Brindise, head investment manager at DigitalBTC

Michael Moro, director at SecondMarket

Jennifer R. Jacoby, lawyer at WilmerHale

Sam Lee, co-founder, Bitcoins Reserve

Avarus Corporation

PLUS YELP AND BNP Paribas (fourth largest bank in world)

source please. looks like a few start-up type people, and not as many wallstreeters as i was hoping for. can't complain though.

This just sample, 37 total

of which 27 are sure to go home empty handed

i'm starting to think people that said they coins might sell at a premium we're right!

I have a feeling one person is going to take the whole lot. The FAQs clarified the auction style.

I'm in the camp who suspects a premium being paid.

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k (x9) in Bitcoins without much movement in the market.

[ChartBuddy]

Explanation

[gentlemand]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.

Dunno about premiums, but I'm willing to bet most names on that list would be very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.

[Cassius]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.

Dunno about premiums, but I'm willing to bet most names on that list would be very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.

This. But would they risk looking dumb by paying over the odds?

[YogoH]

Are we even sure the winning bid price will be public?

[bitcoinsrus]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.

Dunno about premiums, but I'm willing to bet most names on that list would be very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.

This. But would they risk looking dumb by paying over the odds?

Wouldn't the price surge if they tried buying it on bitstamp or something.

[skivrmt]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.

Dunno about premiums, but I'm willing to bet most names on that list would be very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.

This. But would they risk looking dumb by paying over the odds?

Think of this as a secondary offering in a publicly traded stock, they simply don't trade over the market value.

[wachtwoord]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.

Dunno about premiums, but I'm willing to bet most names on that list would be very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.

This. But would they risk looking dumb by paying over the odds?

Think of this as a secondary offering in a publicly traded stock, they simply don't trade over the market value.

Thinly traded stocks certainly do sometimes.

[gentlemand]

Wouldn't the price surge if they tried buying it on bitstamp or something.

Not if they did it slow enough. It would take a few days. I can't see anyone of that calibre sitting at their desk for a solid week pressing a button every now and then. That's why the big players buy from miners and large holders. No messing and the price is set.

[wachtwoord]

Wouldn't the price surge if they tried buying it on bitstamp or something.

Not if they did it slow enough. It would take a few days. I can't see anyone of that calibre sitting at their desk for a solid week pressing a button every now and then. That's why the big players buy from miners and large holders. No messing and the price is set.

Yes it would.

[skivrmt]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.

Dunno about premiums, but I'm willing to bet most names on that list would be very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.

This. But would they risk looking dumb by paying over the odds?

Think of this as a secondary offering in a publicly traded stock, they simply don't trade over the market value.

Thinly traded stocks certainly do sometimes.

True.  But Bitcoin averages, what, maybe 30k trades a day across the various exchanges?  That's $18MM per day.  Not exactly thinly traded!

[wachtwoord]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k in Bitcoins without much movement in the market.

Dunno about premiums, but I'm willing to bet most names on that list would be very reluctant to put money on any of the current exchanges, let alone dick around for a week dripping buys.

This. But would they risk looking dumb by paying over the odds?

Think of this as a secondary offering in a publicly traded stock, they simply don't trade over the market value.

Thinly traded stocks certainly do sometimes.

True.  But Bitcoin averages, what, maybe 30k trades a day across the various exchanges?  That's $18MM per day.  Not exactly thinly traded!

I consider Bitcoin thinly traded for sure.

[adamstgBit]

you guys are missing the point, which is:

BUY BUY BUY !!

 

[Raystonn]

Well, it seems that the list is not quite the list of bidders.  USMS clarification, quoted in the CoinDesk article:

One of the emails that we sent out this morning inadvertently showed a list of some of the individuals who have asked a question or questions about the pending bitcoin auction.

And, besides, the article says

the original intent of the email was to inform interested parties about an updated FAQ related to the bitcoin auction.

So the list of bidders may not include any of those people, and may include any number of other people. 

If it's a list of all those who sent emails for further information then why am I not on this list?  Granted I'd be upset to be publicly outed.  But I'm not there.  So I call shenanigans.  Damage control.  These are would-be bidders.

[Parazyd]

Put up a new poll Adam:

Bullish
Option 1: Yes
Option 2: Yes

[TERA]

Or this one:

Where will Bitcoin price be in Q3 2014:

Option 1: 10^5
Option 2: 10^6
Option 3: 10^7
Option 4: 10^8

[aminorex]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k (x9) in Bitcoins without much movement in the market.

The premium is not for liquidity.  It is for legal coverage.

[ChartBuddy]

Explanation

[TERA]

Not a chance a premium will be paid.  Care to place a small wager?  There is enough liquidity over a weeks time on various exchanges to buy 3k (x9) in Bitcoins without much movement in the market.

The premium is not for liquidity.  It is for legal coverage.

If coins have to be proved as 'legal' then that would pose serious questions about the fungibility of bitcoin. People should be able to use bitcoins freely and efficiently without worrying about where they've been and if something on the blockchain can be traced back to something illegal.