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

[JorgeStolfi]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

The winning bidders must make sure that the money is in the USMS bank account "by 2:00pm EST, on Monday, December 8, 2014." If a bidder fails to do so, the next one in line is notified and given a similar deadline to do the same.  Defaulting bidders lose their deposit, so there should be no defaults and the outcome will be defined by Monday afternoon.

Last time the auction was on a Friday, and the USMS revealed that "single buyer got it all" on the next Monday.

However, the announcement for this auction says "The USMS will not release any information to the general public pertaining to the auction process or results."  I don recall seeing this explicit statement in the previous announcement.  So perhaps they will not even tell us how many winning bidders there were, and whether all lots were sold.

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1

[Richy_T]

I've been away for a couple of weeks, can anyone confirm this?

Well, I haven't seen you around but you might have been lurking.

[spooderman]

I've been away for a couple of weeks, can anyone confirm this?

Well, I haven't seen you around but you might have been lurking.

Perfect.

[ChartBuddy]

Explanation

[Richy_T]

Might be some exchange just moving their coins however the amount is ridiculous and look at how low the fee is. Perks of bitcoin.

it took $0,04 to transfert +$82M

Needs to be an infographic.

[noobtrader]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

The winning bidders must make sure that the money is in the USMS bank account "by 2:00pm EST, on Monday, December 8, 2014." If a bidder fails to do so, the next one in line is notified and given a similar deadline to do the same.  Defaulting bidders lose their deposit, so there should be no defaults and the outcome will be defined by Monday afternoon.

Last time the auction was on a Friday, and the USMS revealed that "single buyer got it all" on the next Monday.

However, the announcement for this auction says "The USMS will not release any information to the general public pertaining to the auction process or results."  I don recall seeing this explicit statement in the previous announcement.  So perhaps they will not even tell us how many winning bidders there were, and whether all lots were sold.

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1

so we wont have any info and bitcoin price at the mercy of the unknown buyer... 

[Fatman3001]

Well, at least there are plenty of walls to observe...

[noobtrader]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

Auction will be tomorrow.


Guess no info until friday, maybe until monday

so the next few days are critical for bitcoin... 

[octaft]

I finally did it, I Ignored NotLambchop. Damn that feels good, breath of fresh air for sure.

Me too.

Her childish mewling and compulsive attention seeking was mildly amusing for a while but like a bad sitcom it grew stale rather quickly.

That makes two on my ignore list, her and MatTheTroll, another self-centered airhead.

Maybe Blitz will add a Trollchop quote to his sig to go with the ones by Mat and Shroomsie.

 

I'm glad some of you stalwart troll-fighters are recognizing the futility in responding to it. Been telling you guys for at least a solid month, now.

[oda.krell]

Could notlambchop be TERA's alter ego??

 

Writing style and sense of humor fits, but TERA seemed to have a life outside of the forum, so I doubt it's xem.

[NotLambchop]

.@octaft:  Exactly.  You're still fighting a war lost long ago!

[spooderman]

where is TERA these dave?

[oda.krell]

Shorting on btce it seems (with a minor amount), or at least an account under shir name is as someone found out a while ago

[riiiiising]

where is TERA these dave?

Probably banned in the great bear purge of August/September.

[Wandererfromthenorth]

TERA was not a perma-bull nor a perma-bear, she was just a very good trader  

[NotLambchop]

where is TERA these dave?

Probably banned in the great bear purge of August/September.

Kristallnacht.  Nevar forget

[riiiiising]

TERA was not a perma-bull nor a perma-bear, she was just a very good trader  

She was telling everyone that there would be a long term bear market this spring, at the time that everyone and their mom was calling for $5,000/BTC+ by end of year. She took a ton of flak for it, and was probably banned, given the echo chamber nature of this place.

[phoenix1]

i wonder when we will receive info about the auction this market is killing me. no volume and flatlined price.

The winning bidders must make sure that the money is in the USMS bank account "by 2:00pm EST, on Monday, December 8, 2014." If a bidder fails to do so, the next one in line is notified and given a similar deadline to do the same.  Defaulting bidders lose their deposit, so there should be no defaults and the outcome will be defined by Monday afternoon.

Last time the auction was on a Friday, and the USMS revealed that "single buyer got it all" on the next Monday.

However, the announcement for this auction says "The USMS will not release any information to the general public pertaining to the auction process or results."  I don recall seeing this explicit statement in the previous announcement.  So perhaps they will not even tell us how many winning bidders there were, and whether all lots were sold.

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/?m=1

so we wont have any info and bitcoin price at the mercy of the unknown buyer...  

We will be able to see from the transfer of the BTC if there was more than one winner. If they all go to one address ... one winner, or one consortium winner. If they are split from that address, likely a consortium, but not certain obviously - one bidder *could* choose to split them into different wallets
If the USMS send out to multiple addresses, likely more than one group won ...

EDIT : If there is one winner who buys them all, it would be in their best interest to NOT split the BTC immediately as one winner would generally imply that the price was higher IMO, and why would you not want to send that message to the market ?? (unless you wish to buy more ...)
My conclusion is that the less addresses the coins go to, the higher the winning bid. Above or below market we may never know. But I would also guess that most participants in this auction have a better understanding of game theory than me, and will act in their own perceived best interest ...

[oda.krell]

@wanderer Agreed, although the btce account, if it is indeed TERA, is currently deeply in the negative.

[bitebits]

[...] So perhaps they will not even tell us how many winning bidders there were, and whether all lots were sold.

The transparency of the Blockchain will reveal this to the public: just verify if all the 50k coins move to a new address. We will actually be able to see how many different winners of the auction there are, since likely (like last time) the coins will be moved in one single transfer per buyer.