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Este Nuno
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amarha


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June 28, 2014, 09:36:25 PM
 #41

Will we ever know the price those coins were sold for? Or is it confidential?

It seems we'll never know, that's too bad.


Even if we don't find out the sale price of the coins, we're pretty likely to get info on what some of the failed bids were.  So worst case, we know the amount that was not high enough for the coins to go for, and can deduce from there.

Right. There will definitely be a flood of information coming out after the auction ends. There is no way all of those people are going to stay silent about the process or what bids did not win.
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KryptoKings
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June 29, 2014, 01:20:08 AM
 #42

Will we ever know the price those coins were sold for? Or is it confidential?

It seems we'll never know, that's too bad.


Even if we don't find out the sale price of the coins, we're pretty likely to get info on what some of the failed bids were.  So worst case, we know the amount that was not high enough for the coins to go for, and can deduce from there.

Right. There will definitely be a flood of information coming out after the auction ends. There is no way all of those people are going to stay silent about the process or what bids did not win.
+1 ... most government crap like this is supposed to be public record anyways when available. Barry's reak down was too confusing just tell me when the avg price was per btc

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rocks
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June 29, 2014, 01:48:50 AM
 #43

Wow, a sudden outbreak of real wisdom in the last few posts.

Franz Kafka said (approx. 100 years ago) "I do not read advertisements - I would spend all my time wanting things".

That's a great quote, replying so I can find this later.
kerafym
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June 29, 2014, 02:46:50 AM
 #44

What is the verdict? The final price on auction that is.
Torque
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June 29, 2014, 04:45:59 AM
 #45

Sources say $789
BTCfan1
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June 29, 2014, 04:47:23 AM
 #46

Sources say $789

my sauces tell me somewhere 800-1500
smoothie
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June 29, 2014, 04:50:25 AM
 #47

in your dreams. It will probably sell for way less. I dare you to bet on betmoose if youre so confident.

i would be willing to do an escrowed bet that the price they were sold at was higher than the spot price of the day they were auctioned off.

Care to put up? Or just shut... Tongue

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Gimmelfarb
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June 29, 2014, 04:52:36 AM
 #48

in your dreams. It will probably sell for way less. I dare you to bet on betmoose if youre so confident.

i would be willing to do an escrowed bet that the price they were sold at was higher than the spot price of the day they were auctioned off.

Care to put up? Or just shut... Tongue

just curious -- what would you use as confirmation of the auction price(s)? are we actually going to hear from any official channel? and if not, who can be trusted to "leak" this info?
Newbie1022
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June 29, 2014, 05:10:25 AM
 #49

I think a more positive way of viewing the SR coin auction is the fact that, even if they bid a single dollar on them (which obviously they were required to bid much more than), there is more money overall backing the bitcoin. Think about it -- each of those coins have essentially been double purchased. They were initially purchased by the Silk Road customers who exchanged them for goods and then the same bitcoins were then resold into the market a second time via the auction.

It would be as though somebody bought counterfeit bills or securities (I don't mean this comparison in quality, just for the purpose of explaining the practical effect) at face value and then the government seized those bills and sold them for X cents or dollars on the dollar. Again, remember the bitcoin is more currency than asset (like a car) so seizing and reselling it just means there is that much more fiat that was essentially injected into the coin.

Thus, regardless of how the auction went off, I think it should be looked at positively. Moreover, less than a 1% stake in bitcoin resulted in a price fluctuation around 15 to 20%. Therefore, viewed through that lens, there is reason to be bullish in the near to mid-term.

Post Note: I am still wary of the possibility of collusion in the bidding process especially after the leaking of identities and, if that happened, a subsequent overreaction. Still, on the whole, things are all to the Jesus.
Newbie1022
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June 29, 2014, 05:16:27 AM
 #50

in your dreams. It will probably sell for way less. I dare you to bet on betmoose if youre so confident.

i would be willing to do an escrowed bet that the price they were sold at was higher than the spot price of the day they were auctioned off.

Care to put up? Or just shut... Tongue


Depends on whether you mean the day's high or the day's low. If you'll give me the day's spot high then I'll take the bet. I, honestly, think it will be close and just under the day's spot price. My thinking is this:

10% chance of collusion and/or utter bull---- -- bad news bears
50% chance of just under the day's high -- it is an auction, after all, and even if there isn't straight up collusion there are ways to figure out what everybody else would be bidding.
40% chance of just over -- over spot but under the cost of amalgamating on the secondary market
10% chance that God loves us all


So, by that thought process, I'd take the bet because I think the odds would favor me slightly albeit not immensely.

Note: I am fairly poor -- the bet would have to be modest. About half a bitcoin.
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