FBI U.S. Marshals Auction Prices Leaked! (Bullish)

[abercrombie]

Solid lead?   Believe it or not...  

1 - Pantera - $900
2 - SecondMarket - $750
3 - SecondMarket - $700
4 - DRW Trading Group - $700
5 - Coinbase - $685
6 - Rangeley Capital - $660
7 - SecondMarket - $651
8 - Coinbase - $640
9 - Matrix Capital Management - $601

http://redd.it/29geoq

[coinut]

900 ! lol

[trace666]

Too good to be true?!

[WoopDeBoop]

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

[abercrombie]

It makes no sense

bidders in an auction don't bid like that.

It's like when you bid on eBay. No one bids $900 for anything except morons because if you expect it to go for around $900 someone will bid $901.23 and when you snipe $900 at the last second ebay automatically places their bid and you lose for $1.23

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

It's a blind auction, and only 1 bid allowed.  Just make your bid and hope for the best. 

There is no transparency like eBay,

[WoopDeBoop]

Yeah, so in a blind auction you're even more likely to bid $901 ... because what if some guy bid $900 too

[wonkytonky]

depends on how you look at it:) 900 seems a lot now..
not that much in a year.. they might be building a solid support for the years to come.

although.. i think the reddit post is bs hehe

[TheButterZone]

You're telling me a firm like pantera doesn't have a single person who's ever been outbid on eBay and still bids like my grandmother who only just found the internet

[blatchcorn]

I am praying this is true, but it has BS written all over it

[medUSA]

There is no way bidders will bid in nice rounded numbers. This "leak" is most likely false. Will should know later today.

[cbeast]

They all overbid.

[bitpop]

Bs

[WoopDeBoop]

They all overbid.

its funny how many people don't get this

[freedomno1]

depends on how you look at it:) 900 seems a lot now..
not that much in a year.. they might be building a solid support for the years to come.

although.. i think the reddit post is bs hehe

Yep also think it is BS that said if someone did a price snipe to make sure they won a block
Then they would be long term bulls in Bitcoin regardless of market price ha-ha

[galbros]

I seriously doubt it.  While I have no overabundance of faith in the USMS given they are not going to release the results information at all:

10. What information about the auction process or results will the USMS release?
 
The USMS will contact the winning and losing bidders directly. The USMS will not publicly
release any information pertaining to the auction process or results.

From: http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf

And have not even contacted the winning and loser bidders directly yet, I doubt OP's information.

The winners will have an incentive to push up the price of BTC by suggesting they paid a high price while the losers should downplay what the prices were.  Should be interesting.

[wonkytonky]

I seriously doubt it.  While I have no overabundance of faith in the USMS given they are not going to release the results information at all:

10. What information about the auction process or results will the USMS release?
 
The USMS will contact the winning and losing bidders directly. The USMS will not publicly
release any information pertaining to the auction process or results.

From: http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf

And have not even contacted the winning and loser bidders directly yet, I doubt OP's information.

The winners will have an incentive to push up the price of BTC by suggesting they paid a high price while the losers should downplay what the prices were.  Should be interesting.

it will be funny if only the winning bidders  know what the actual price is..    they can indeed make false statements about their bidding.. 
although it would be bad for their reputation to do so..     still they can say whatever they want . 

this auction is  strange..  why all the secrecy...     why not let them bid against each other..    in the open..

[haploid23]

Trolling thread to get all your hopes up. No real bidder will put in a bid at such organized numbers, and nearly all of them too. Btw can someone do a quick calculation on what the price would be if 30k btc were bought from the current market, assuming current price is $620?

[zimmah]

I seriously doubt it.  While I have no overabundance of faith in the USMS given they are not going to release the results information at all:

10. What information about the auction process or results will the USMS release?
 
The USMS will contact the winning and losing bidders directly. The USMS will not publicly
release any information pertaining to the auction process or results.

From: http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf

And have not even contacted the winning and loser bidders directly yet, I doubt OP's information.

The winners will have an incentive to push up the price of BTC by suggesting they paid a high price while the losers should downplay what the prices were.  Should be interesting.

it will be funny if only the winning bidders  know what the actual price is..    they can indeed make false statements about their bidding..  
although it would be bad for their reputation to do so..     still they can say whatever they want .  

this auction is  strange..  why all the secrecy...     why not let them bid against each other..    in the open..

Can someone quote rule 5? I can't copy it from my ipad. Oh never mind, it's still possible to submit multiple forms.

[rapport]

Trolling thread to get all your hopes up. No real bidder will put in a bid at such organized numbers, and nearly all of them too. Btw can someone do a quick calculation on what the price would be if 30k btc were bought from the current market, assuming current price is $620?

30k * 620 = $18,600,000  ?

[mamarried]

Are you even aware of the type of auction this was? It was a Dutch auction - all winners paid the price of the lowest winning bid. So, even if 1 bidder offered a crazy $10,000 per coin, they would not pay that much unless all other bidders were equally crazy.