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Author Topic: Silk Road bitcoin auction - Australian edition  (Read 2019 times)
wunkbone
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November 03, 2014, 12:59:10 AM
 #21

I still remember during the last open auction had the btc price tanking. It's like suddenly you introduce so much supply into the open market

It bounced back relatively quickly though.

People realised that the coins were still being sold at market value and not 50% under as people assumed they'd be sold at.
It has not been shown what price the SR coins were sold at. All that is really known is the fact that one person (Tim Draper) won the entire auction.

I would say that the fact that one person won the auction was interpreted that the price was not a "steep discount" although even this is nothing more then speculation

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Q7
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November 03, 2014, 12:16:56 PM
 #22

In auctions does it actually ended up selling below market price?

lightningmccoin
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November 03, 2014, 01:05:28 PM
 #23

My guess is these auctions end up being good publicity for bitcoin. Ain't it?

Depends how you define good publicity? Publicity? Sure, but not good really. How did the Aussie authorities even get their hands on these coins?

There is no such thing as bad publicity. Good or bad, it is still a publicity.
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