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

[phoenix1]

http://www.coindesk.com/us-marshals-bidder-turnout-second-bitcoin-auction-declines-sharply/

Overall, the number of registered bidders decreased 75% from the first auction, while the number of bids fell 57%.

 

Anyone really believe these are going above market price ??

[adamstgBit]

in other news...

Bitcoin camwhore?

classy bitcoin escort?

[adamstgBit]

One bid could take them all...

Bidders must register to participate in a designated Series. Bidders may register to participate in more than one Series, but must provide the required deposit for each Series (i.e. the deposit requirement aggregates depending on the number of Series selected).

As with the last auction, one registration allows you to bid on multiple blocks for the same price, but does not allow you submit multiple bids at varying prices. If you wish to have the ability to bid multiple prices on multiple blocks within the same Series, you will need to submit another registration form and additional deposit. The following examples are provided for your convenience:

Example 1: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins) requires ONE registration form for Series A with a $100,000 deposit. Use ONE Bid Form to bid for ALL THREE Series A blocks.

Example 2: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins), and two (2) blocks of Series B for the same per bitcoin price (e.g. $Y per bitcoin for 6,000 Series B bitcoins) requires ONE registration form for BOTH Series A and B with a $250,000 deposit ($100,000 for Series A plus $150,000 for Series B). Use ONE Bid Form to bid for Series A AND Series B blocks. Note that the per-bitcoin price for Series A does not need to match the Series B per-bitcoin price.

Example 3: Three (3) separate bids to purchase blocks of Series A at different prices (e.g. $X per bitcoin for 2,000 bitcoins, $Y per bitcoin for 2,000 bitcoins, and $Z per bitcoin for 2,000 bitcoins) requires THREE separate registration forms (EACH selecting Series A), and a $300,000 deposit ($100,000 for EACH registration). Use THREE Bid Forms, ONE FOR EACH Series A block. Note that each registration also permits a bidder to register for other Series (requiring additional deposits).

thanks for this

so 27bids doesn't look so bearish after all 

[NotLambchop]

in other news...

Bitcoin camwhore?

classy bitcoin escort?

Bro, that's some trailer trash notions of "classy."
Where I'm from, not wearing a t-shirt asking for money is a prerequisite for class

[Fatman3001]

in other news...

I hope she has a QR code. 

Isn't that you?

[adamstgBit]

Why do people believe that bids were around USD 400 ? these are blocks of 2 and 3 k. if I were to buy one block I would rather look for a discounted bid of at least 5 percent, otherwise i could buy them on exchange. in addition if i knew that there are only 11 bidders, which implies a low demand i would add another 5 percent...

i guess i should have worded the poll "I believe wish the FBI 50K coins sold at an avg. price of:"

😉 going through all the hasle to confirm id, transfer 150 k usd in advance and have a weekend in between before settlement on a fixed price ? for a premuim on current exchange prices ? never ever...

you do realize that buying 50K bitcoin on stamps could (in theory and under very specific conditions) puch price well over infinity  

[jonoiv]

http://www.coindesk.com/us-marshals-bidder-turnout-second-bitcoin-auction-declines-sharply/

Overall, the number of registered bidders decreased 75% from the first auction, while the number of bids fell 57%.

 

Anyone really believe these are going above market price ??

depends where this 27 bid info came from, the article is vague, suggesting the reporter didn't even know the lot was spit into smaller lots.

https://twitter.com/mcbridesg  someone tweet her an ask what she meant in the article.  27 total. or 27 with mixed lot bids?

[billyjoeallen]

yeah, I should a sold more.  The rocket is now digging. Maybe it's a drill.

[Newbie1022]

63 bids last time... 27 bids this time. Bearish. Very Bearish. But, in a speculative way. We really don't know much but you trade the rumor. Super bearish. And yes, I have a short. And no, I don't care about talking my book because the guys who really move the market aren't trolling around Bitcointalk's speculation forum.

[JayJuanGee]

One bid could take them all...

Bidders must register to participate in a designated Series. Bidders may register to participate in more than one Series, but must provide the required deposit for each Series (i.e. the deposit requirement aggregates depending on the number of Series selected).

As with the last auction, one registration allows you to bid on multiple blocks for the same price, but does not allow you submit multiple bids at varying prices. If you wish to have the ability to bid multiple prices on multiple blocks within the same Series, you will need to submit another registration form and additional deposit. The following examples are provided for your convenience:

Example 1: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins) requires ONE registration form for Series A with a $100,000 deposit. Use ONE Bid Form to bid for ALL THREE Series A blocks.

Example 2: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins), and two (2) blocks of Series B for the same per bitcoin price (e.g. $Y per bitcoin for 6,000 Series B bitcoins) requires ONE registration form for BOTH Series A and B with a $250,000 deposit ($100,000 for Series A plus $150,000 for Series B). Use ONE Bid Form to bid for Series A AND Series B blocks. Note that the per-bitcoin price for Series A does not need to match the Series B per-bitcoin price.

Example 3: Three (3) separate bids to purchase blocks of Series A at different prices (e.g. $X per bitcoin for 2,000 bitcoins, $Y per bitcoin for 2,000 bitcoins, and $Z per bitcoin for 2,000 bitcoins) requires THREE separate registration forms (EACH selecting Series A), and a $300,000 deposit ($100,000 for EACH registration). Use THREE Bid Forms, ONE FOR EACH Series A block. Note that each registration also permits a bidder to register for other Series (requiring additional deposits).

thanks for this

so 27bids doesn't look so bearish after all 

Seems fairly bullish, actually.


The logical thing for any registered bidder would be to decide his/her its bid price and then bid for as many lots as s/he it can afford to buy at that decided bid price, if s/he it were the winning bidder.




CUT YOUR LOOSES>>>>>>>>>> CCMF!!!!!

[Hfertig]

Why do people believe that bids were around USD 400 ? these are blocks of 2 and 3 k. if I were to buy one block I would rather look for a discounted bid of at least 5 percent, otherwise i could buy them on exchange. in addition if i knew that there are only 11 bidders, which implies a low demand i would add another 5 percent...

i guess i should have worded the poll "I believe wish the FBI 50K coins sold at an avg. price of:"

😉 going through all the hasle to confirm id, transfer 150 k usd in advance and have a weekend in between before settlement on a fixed price ? for a premuim on current exchange prices ? never ever...

you do realize that buying 50K bitcoin on stamps could (in theory and under very specific conditions) puch price well over infinity  

I very much agree... but thats why I would participate in the auction to get them at a steep discount. otherwise i would not be interested.

[adamstgBit]

sentiment is low, volume is low, volatility is low, number of bids is low.

EVERYTHING IS LOW!

[NotLambchop]

...
you do realize that buying 50K bitcoin on stamps could (in theory and under very specific conditions) puch price well over infinity  

If you do it really wrong, yeah.  You can also accidentally send the coin you bought to the wrong addy.
Are we trying to come up with "how can I lose money like an idiot" scenarios?

[bitebits]

I decided to buy a pretty decent chunk of coins (approximately 26 BTC).
Therefore, my average price per BTC in my own BTC holdings came down from approximately $558 to $537.  

So you have like ~225 bitcoins now. Especially in your case, that is at least putting your money where your mouth is  

Lets see what Monday brings us, after some shaky hands dumping during Fri-Mon.

[Newbie1022]

One bid could take them all...

Bidders must register to participate in a designated Series. Bidders may register to participate in more than one Series, but must provide the required deposit for each Series (i.e. the deposit requirement aggregates depending on the number of Series selected).

As with the last auction, one registration allows you to bid on multiple blocks for the same price, but does not allow you submit multiple bids at varying prices. If you wish to have the ability to bid multiple prices on multiple blocks within the same Series, you will need to submit another registration form and additional deposit. The following examples are provided for your convenience:

Example 1: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins) requires ONE registration form for Series A with a $100,000 deposit. Use ONE Bid Form to bid for ALL THREE Series A blocks.

Example 2: A bid to purchase three (3) blocks of Series A for the same per bitcoin price (e.g. $X per bitcoin for 6,000 Series A bitcoins), and two (2) blocks of Series B for the same per bitcoin price (e.g. $Y per bitcoin for 6,000 Series B bitcoins) requires ONE registration form for BOTH Series A and B with a $250,000 deposit ($100,000 for Series A plus $150,000 for Series B). Use ONE Bid Form to bid for Series A AND Series B blocks. Note that the per-bitcoin price for Series A does not need to match the Series B per-bitcoin price.

Example 3: Three (3) separate bids to purchase blocks of Series A at different prices (e.g. $X per bitcoin for 2,000 bitcoins, $Y per bitcoin for 2,000 bitcoins, and $Z per bitcoin for 2,000 bitcoins) requires THREE separate registration forms (EACH selecting Series A), and a $300,000 deposit ($100,000 for EACH registration). Use THREE Bid Forms, ONE FOR EACH Series A block. Note that each registration also permits a bidder to register for other Series (requiring additional deposits).

thanks for this

so 27bids doesn't look so bearish after all 

This...

And you don't go through all that AML and KYC fbi shit if you're not planning to buy big 

I had actually thought we might get a spike after the auction, but not on this news. I think people are purely delusional if they think this is anything but bearish. Could it have been more bearish... well, sure. But, not good news, guys.

[adamstgBit]

...
you do realize that buying 50K bitcoin on stamps could (in theory and under very specific conditions) puch price well over infinity  

If you do it really wrong, yeah.  You can also accidentally send the coin you bought to the wrong addy.
Are we trying to come up with "how can I lose money like an idiot" scenarios?

ah but if you buy the 20K BTC available on the market today and then immediately send the price to infinity you've just made some very nice paper profits  

in bitcoin land this is known as rocket-science

[Odalv]

ah but if you buy the 20K BTC available on the market today and then immediately send the price to infinity you've just made some very nice paper profits  

do not quote/feed trolls.

[Newbie1022]

http://online.wsj.com/articles/marshals-service-auctions-50-000-bitcoin-seized-in-silk-road-case-1417727252?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB11086996025538033553004580317322090683214.html


27 bids apparently

Wow!!!!!!!!   If that's true, then that is surely a small number of bids.  27 bids for 20 lots?


I may have to revise my thinking based on that news if it were true.

yes but maybe someones 1 bid was for 10 blocks @390

bids vs bidders? I would assume 27 bidders = open to bid on all blocks.. still a decent amount of action to compete with if so.

Yeah....  TOO much mystery here...


27 bidders is very bullish

however


27 bids would be very bearish.

I think we'll go lower on the number of bids and bidders. Maybe even a fair bit lower. That said, buying here isn't a bad decision at all. We'll almost certainly go reasonably higher than this price at some juncture.

[JayJuanGee]

I decided to buy a pretty decent chunk of coins (approximately 26 BTC).
Therefore, my average price per BTC in my own BTC holdings came down from approximately $558 to $537.  

So you have like ~225 bitcoins now. Especially in your case, that is at least putting your money where your mouth is  

Lets see what Monday brings us, after some shaky hands dumping during Fri-Mon.

Hahahahahaha.... I will neither admit NOR deny... I had been thinking about how much detail I should provide... 

[adamstgBit]

maybe the winning bids were 10-20% below market price
maybe the winners will sell their winnings for profit on the markets in the coming weeks
maybe honey badger don't give a fuck.