ChartBuddy
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 30, 2014, 06:00:40 PM |
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nrd525
Legendary
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Activity: 1870
Merit: 1023
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June 30, 2014, 06:16:27 PM |
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I think bid pooling (by Second Market and others) has an interesting bias of encouraging low bids. In an extreme case, you would assume that a bid pool might only bid for one block - as such, you could bid as low as you wanted for 1-50 BTC and the average bid for the entire block could still be high enough to get it.
I'm assuming that the submitted bid will be the sum of the bids. So if two people bid for half of the blocks and together submit a single bid for 3000 BTC, if one person bids 500 and the other bids 700 - you end up with a bid of 600.
What this means is that low-bidders gain advantage from the bid pool, whereas high-bidders are hurt.
Now this effect is alleviated if you have enough demand. But it is an interesting case that could cause bid poolers to bid even lower than regular bidders (who were trying to bid under-market).
That said - I'm still guessing the entire 29-30k BTC were sold for an average of for 1-4% above market value (though the market value could be anywhere from Thursday through Friday 5pm).
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BBmodBB
Full Member
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Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
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June 30, 2014, 06:17:09 PM |
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/\BTC////$700CLUB^^^$$$$CHOOO CHOOOOO!!!!!!! 
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Teppino
Full Member
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Activity: 139
Merit: 100
bitcoin hates walls
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June 30, 2014, 06:20:57 PM |
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at last one of them must have bid at $666  |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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June 30, 2014, 06:44:43 PM |
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Where is the "it´s hapenning" gif? |
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blatchcorn
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June 30, 2014, 06:54:28 PM |
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Where is the "it´s hapenning" gif? Sorry thats my job  |
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ChartBuddy
Legendary
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 30, 2014, 07:00:42 PM |
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MoreFun
Legendary
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Activity: 952
Merit: 1003
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June 30, 2014, 07:04:51 PM |
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Where is the "nothing to see here" gif? |
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Richy_T
Legendary
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Activity: 2870
Merit: 2614
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 30, 2014, 07:08:00 PM |
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ChrisML
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June 30, 2014, 07:27:10 PM |
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I am bullish.. and I love Bitcoin.
But I feel a red candle coming up shortly.
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Parazyd
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June 30, 2014, 07:27:21 PM |
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Where is the "it´s hapenning" gif? Sorry thats my job Quoted because choo choo. |
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Torque
Legendary
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Activity: 3822
Merit: 5504
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June 30, 2014, 07:29:02 PM |
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I am bullish.. and I love Bitcoin.
But I feel a red candle coming up shortly.
Kinda feel the same way, this don't look real to me. But hell, 7 solid months of a skittish, panicky bear market can begin to make even the most diehard bull feel pessimistic. So what do I know.  |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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June 30, 2014, 07:31:01 PM |
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kireinaha
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June 30, 2014, 07:31:51 PM |
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Holy shit, are you guys seeing this?
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siggy
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June 30, 2014, 07:32:06 PM |
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soo.. did someone just get an email letting them know that they did NOT win in the USMS auction?
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podyx
Legendary
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Activity: 2338
Merit: 1035
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June 30, 2014, 07:32:31 PM |
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Again, anyone with sense knew this Them small boys who bid for 300-500 btc or whatever is just stupid people hoping to somehow get a discount on a mindblowing technology, it simply ain't happening Brave attempt though |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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June 30, 2014, 07:32:31 PM |
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soo.. did someone just get an email letting them know that they did NOT win in the USMS auction?
Yes. Losers are being informed right now. |
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siggy
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June 30, 2014, 07:32:45 PM |
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Twitter blocked at work... can someone please re-post? |
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