Crossed 500 USD - Bull Market returns ?

[freedomno1]

That depends I guess on how much information the Fed decide to release on the auction details
I presume they might allow the information to be leaked through an unofficial channel for interested Bitcoiners if they do not do it officially since they allowed the auction to continue after the bid list and interested parties list was released. 

[newIndia]

Looks like the market is charmed all in a sudden. Price is standing at 632 usd now !!! What caused this ?

[freedomno1]

Looks like the market is charmed all in a sudden. Price is standing at 632 usd now !!! What caused this ?

Pre-speculation bids that the result was an overbid instead of an underbid in the SR auction is my opinion
OR the news got released somewhere and I need to start searching ^_^.
That or sentiment is swinging upwards as June ends and we enter into July.

[newIndia]

Looks like the market is charmed all in a sudden. Price is standing at 632 usd now !!! What caused this ?

Pre-speculation bids that the result was an overbid instead of an underbid in the SR auction is my opinion
OR the news got released somewhere and I need to start searching ^_^.
That or sentiment is swinging upwards as June ends and we enter into July.

Does anyone know if the SR auction is over ? Market is steadily rising. It is 652 USD now !!!

[CEG5952]

Looks like the market is charmed all in a sudden. Price is standing at 632 usd now !!! What caused this ?

Pre-speculation bids that the result was an overbid instead of an underbid in the SR auction is my opinion
OR the news got released somewhere and I need to start searching ^_^.
That or sentiment is swinging upwards as June ends and we enter into July.

Does anyone know if the SR auction is over ? Market is steadily rising. It is 652 USD now !!!

Yes, it's been over. I don't think we will get any announcement as to who the winner was or what the price was, though. Apparently, it was one bidder for all 30k coins, and as far as I know, he/she hasn't come out of the woodwork.

[C.Steven]

Looks like the market is charmed all in a sudden. Price is standing at 632 usd now !!! What caused this ?

Pre-speculation bids that the result was an overbid instead of an underbid in the SR auction is my opinion
OR the news got released somewhere and I need to start searching ^_^.
That or sentiment is swinging upwards as June ends and we enter into July.

Does anyone know if the SR auction is over ? Market is steadily rising. It is 652 USD now !!!

Yes, it's been over. I don't think we will get any announcement as to who the winner was or what the price was, though. Apparently, it was one bidder for all 30k coins, and as far as I know, he/she hasn't come out of the woodwork.

http://www.coindesk.com/us-marshals-release-new-data-silk-road-bitcoin-auction/
Some info (no. of bidders, no. of bids) were announced, but no info on the winning bidders or winning price.

[CEG5952]

Looks like the market is charmed all in a sudden. Price is standing at 632 usd now !!! What caused this ?

Pre-speculation bids that the result was an overbid instead of an underbid in the SR auction is my opinion
OR the news got released somewhere and I need to start searching ^_^.
That or sentiment is swinging upwards as June ends and we enter into July.

Does anyone know if the SR auction is over ? Market is steadily rising. It is 652 USD now !!!

Yes, it's been over. I don't think we will get any announcement as to who the winner was or what the price was, though. Apparently, it was one bidder for all 30k coins, and as far as I know, he/she hasn't come out of the woodwork.

http://www.coindesk.com/us-marshals-release-new-data-silk-road-bitcoin-auction/
Some info (no. of bidders, no. of bids) were announced, but no info on the winning bidders or winning price.

There was some information released about the winning bidder:
http://www.theguardian.com/technology/2014/jul/01/bitcoin-auction-mystery-winner-bid-silk-road

Mystery bidder wins auction of Silk Road's nearly 30,000 bitcoin

US marshals do not release name of successful bidder as prominent contenders come forward and bitcoin prices rise

[deadwood]

I think the reason for the rise in price is more about the latest good news and less about this auction.
As you should know Newegg is the latest to jump on the bitcoin bandwagon (http://www.theverge.com/2014/7/1/5860556/newegg-now-accepts-bitcoin). That and the state of California clearing the waters a bit about payments in bitcoin might be the reason for the upswing.

[C.Steven]

There was some information released about the winning bidder:
http://www.theguardian.com/technology/2014/jul/01/bitcoin-auction-mystery-winner-bid-silk-road

Thanks for the link.

Writing later on her own blog, Kaminska went further, suggesting that "the whole auction was a sting."

"For, if I was the government stuck with a bunch of bitcoin I couldn’t shift because everyone knew my coins were the Silk Road batch, I too might be inclined to 'launder' the association away via a sealed auction that would make everyone assume that the coins were no longer on my book but actually still were," Kaminska said.

That is an interesting theory.

[deadwood]

Honestly asking, why wouldn't the government be able to move the bitcoins? Who cares that they used to belong to the Silk Road? I mean, they auction off confiscated cars and goods all the time, don't they?

What am I not understanding here?

[BitCoinDream]

There was some information released about the winning bidder:
http://www.theguardian.com/technology/2014/jul/01/bitcoin-auction-mystery-winner-bid-silk-road

Thanks for the link.

Writing later on her own blog, Kaminska went further, suggesting that "the whole auction was a sting."

"For, if I was the government stuck with a bunch of bitcoin I couldn’t shift because everyone knew my coins were the Silk Road batch, I too might be inclined to 'launder' the association away via a sealed auction that would make everyone assume that the coins were no longer on my book but actually still were," Kaminska said.

That is an interesting theory.

Now we know that VC Tim Draper won the U.S. Marshals bitcoin auction.

http://www.reuters.com/article/2014/07/02/us-usa-bitcoin-idUSKBN0F719920140702

[BitCoinDream]

There is a good news to increase demand. Dell is now accepting Bitcoin. Moreover NY has laid out regulation for Bitcoin. Price is going to shoot again

[yunkie]

What you guys think about this?
http://www.telegraph.co.uk/finance/currency/10960012/Bitcoin-price-to-hit-2000-by-end-of-the-year.html

[yunkie]

Honestly asking, why wouldn't the government be able to move the bitcoins? Who cares that they used to belong to the Silk Road? I mean, they auction off confiscated cars and goods all the time, don't they?

What am I not understanding here?

They are hodling 

[KimNam]

What you guys think about this?
http://www.telegraph.co.uk/finance/currency/10960012/Bitcoin-price-to-hit-2000-by-end-of-the-year.html

it's quite optimistic guess with recent condition, but nobody knows what will happen in next 5 months
if there's a lot bitcoin demand and many new adoption from big company, say welcome to $2K

[BitCoinDream]

Honestly asking, why wouldn't the government be able to move the bitcoins? Who cares that they used to belong to the Silk Road? I mean, they auction off confiscated cars and goods all the time, don't they?

What am I not understanding here?

They are hodling 

The SR coins u r talking about have already been auctioned off.

[Mobius7]

Honestly asking, why wouldn't the government be able to move the bitcoins? Who cares that they used to belong to the Silk Road? I mean, they auction off confiscated cars and goods all the time, don't they?

What am I not understanding here?

They are hodling 

The SR coins u r talking about have already been auctioned off.

Exactly. Tim Draper won the auction and got all the bitcoin. http://www.coindesk.com/tim-draper-revealed-silk-road-bitcoin-auction-winner/

[wasserman99]

Exactly. Tim Draper won the auction and got all the bitcoin. http://www.coindesk.com/tim-draper-revealed-silk-road-bitcoin-auction-winner/

Well, there's still more SR coins. DPR's stash. And that's a much bigger stash, too. I suspect when it is announced that those coins will be auctioned off, that there will be a similar push down on the market (and then, similarly, recovery).

[boumalo]

Honestly asking, why wouldn't the government be able to move the bitcoins? Who cares that they used to belong to the Silk Road? I mean, they auction off confiscated cars and goods all the time, don't they?

What am I not understanding here?

They are hodling 

The SR coins u r talking about have already been auctioned off.

There is still markets forces to keep the price sub 700$ apparently but eventually we will rise up to thousands of dollars per BTC then more; maybe in a few months but probably in a bit more time

[polynesia]

Well, there's still more SR coins. DPR's stash. And that's a much bigger stash, too. I suspect when it is announced that those coins will be auctioned off, that there will be a similar push down on the market (and then, similarly, recovery).

Tim Draper will be readying his war chest.