Stop talking about the damn SR coins - it is the LEAST significant price mover

[Miz4r]

SR Auction = 30000 coins
Existing coins = 13M

Peoples are nuubcakes.

You understand nothing about markets. It's all psychology. People can be fearful of dumps of those coins if bought cheap, or of manipulation because of the auction and this all affects psychology and thus also the market. You are the noob here.

[Swordsoffreedom]

Well one way or the other
Today is the day they release the results or tomorrow so I hope we can get this over with ^_^
Also assuming its made public

[indiemax]

SR Auction = 30000 coins
Existing coins = 13M

Peoples are nuubcakes.

You understand nothing about markets. It's all psychology. People can be fearful of dumps of those coins if bought cheap, or of manipulation because of the auction and this all affects psychology and thus also the market. You are the noob here.

Exactly,these may be few in number relatively but the potential price movements that could be generated by the quality of the bidders and bids accepted are huge. Could define the future of Bitcoin and the ability of average Joe being able to buy, they could be priced out by syndicates and large traders wanting in. So this auction could be a vision to the next couple of years,interesting times

[Swordsoffreedom]

http://coinfire.cf/2014/06/30/breaking-usms-auction-winners-notified/

What we do know now though is that someone won all the Blocks

WE HAVE A SINGLE WINNER
-USMS PUBLIC AFFAIRS

The winners and losers of the USMS Bitcoin auction have been notified and the auction has been completed and closed.

At the time of the last update to this entry no one has come forward publicly to announce that they were the winner of all blocks of the auction.

Prior to the coins being moved a verified source with the USMS who wishes to remain anonymous stated to Coin Fire, “It is really important that we get this 100% right. We have to verify that they aren’t tied to any sort of criminal activity, we have to verify we have the money from the wire transfer. If we send the coins we understand we will have no way to reverse the transaction so every step is being taken.”

At approximately 3:39PM EDT coins contained in the USMS controlled wallet: 1Ez69SnzzmePmZX3WpEzMKTrcBF2gpNQ55 moved to a new destination address of: 1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi

[WoopDeBoop]

even at it's peak Chinese volume was never over 10-20% worldwide.

Even at its peak there were huge hoops to be jumped through, it's barely ever been mentioned in the news in China.

Bunch of people who've never been there thinking they're experts on China

[Swordsoffreedom]

Guess I'll update from previous
We now know the identity of that sole winner is Tim Draper
http://blogs.wsj.com/moneybeat/2014/07/02/vc-tim-draper-is-sole-winner-of-u-s-bitcoin-auction/

Mr. Draper was part of a group that included Battery Ventures and former AOL chief executive Steve Case that invested $4 million in Vaurum in May. The company went through the VC accelerator program Boost VC, run by Mr. Draper’s son, Adam Draper.

Mr. Draper won the auction independently, Mr. Bhama said. He is not only an investor, he is a customer of Vaurum as well, which is where the coins will be held. “Our partnership will allow us to use the coins to provide liquidity to our exchanges in emerging markets,” Mr. Bhama said.

[Wandererfromthenorth]

Well everything pretty much points out at the fact that the Silk Road auction WAS in fact the most significant price mover.