9 MILLION WORTH OF BITCOIN TO GO UNDER THE HAMMER | DailySatoshi.com

[CrackedLogic]

Is it just me or does the article give you brain damage?

Pretty badly written.

But those probably aren't "his" coins.

[1715073094]

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[1715073094]

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[1715073094]

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[nor9865]

Is it just me or does the article give you brain damage?

Pretty badly written.

But those probably aren't "his" coins.

Terrible syntax agreed but the main jist of it is understood.

Seems like a big auction, get ready for a price shift, hopefully up!

[CrackedLogic]

Is it just me or does the article give you brain damage?

Pretty badly written.

But those probably aren't "his" coins.

Terrible syntax agreed but the main jist of it is understood.

Seems like a big auction, get ready for a price shift, hopefully up!

Hopeful it's not a bust. I could really do a price jump at the moment.

[nor9865]

Is it just me or does the article give you brain damage?

Pretty badly written.

But those probably aren't "his" coins.

Terrible syntax agreed but the main jist of it is understood.

Seems like a big auction, get ready for a price shift, hopefully up!

Hopeful it's not a bust. I could really do a price jump at the moment.

I am quite sure anyone holding bitcoin could really do with a price jump at the moment, including me! Let's all use the currency and force it up

[deluxeCITY]

Is it just me or does the article give you brain damage?

Pretty badly written.

But those probably aren't "his" coins.

Terrible syntax agreed but the main jist of it is understood.

Seems like a big auction, get ready for a price shift, hopefully up!

Well I would say that the credibility of the article goes out the window after someone reads the first paragraph when it say's that satoshi's bitcoin was taken therefore most people would stop reading and never get to see what the article is even saying

[riso2015]

These are not "his" coins. This article is very poorly written.

This seems to be the trend among various "news" publications that write about bitcoin, although this article is exceptionally badly written.

I think people are trying to make money from advertising so they will accept anyone to write for them so they can get a catchy headline, as many people will not go directly to a website for their bitcoin related news (as they would go to CNN or foxnews for "MSM" news) but would rather use services like zero block or google news to find news

Hey guys I've just returned from some time away and read this article. This isn't up to our standards (Sure some of our content isn't perfect but we at least fact check it) and I'm going to be removing it from our site. Thank you all for your feedback.

Also we are less about making ad money and more about bringing good content. Hence why I'm going to be reviewing the article with daily satoshis Cheif Editor to make sure nothing like this ever makes it onto our site again.

[Flashman]

Seems like a big auction, get ready for a price shift, hopefully up!

Well if everyone remembers that the Federal Marshall's auction coins apparently sold at premium over spot, despite FUD, then it should move up.

[repentance]

In case anyone is wondering WTF the article is referring to, it's this - a story which was reported two weeks ago.

http://www.smh.com.au/technology/technology-news/australian-authorities-sitting-on-96-million-worth-of-bitcoins-confiscated-from-silk-road-drug-dealer-20141031-11ewk4.html

http://www.coindesk.com/australian-government-soon-hold-9-million-bitcoin-auction/

[RobertDJ]

Seems like a big auction, get ready for a price shift, hopefully up!

Well if everyone remembers that the Federal Marshall's auction coins apparently sold at premium over spot, despite FUD, then it should move up.

Why do you way the coins from the first SR auction were sold at a premium? The price was never disclosed and it can only be speculated as to what price they were sold at.

although the dynamics of such an auction would indicate that they would sell at a discount due to the limited number of potential participants and requirement to buy a large amount

[CoinCidental]

Seems like a big auction, get ready for a price shift, hopefully up!

Well if everyone remembers that the Federal Marshall's auction coins apparently sold at premium over spot, despite FUD, then it should move up.

Why do you way the coins from the first SR auction were sold at a premium? The price was never disclosed and it can only be speculated as to what price they were sold at.

although the dynamics of such an auction would indicate that they would sell at a discount due to the limited number of potential participants and requirement to buy a large amount

An exchange or a whale like Richard Branson etc could have taken the lot in one bite to make a profit later

The winklevoss brothers could have taken a loan from their dad to buy them

A hedge fund or venture capital firm could have swallowed the lot

Too many possibilities........

[RobertDJ]

Seems like a big auction, get ready for a price shift, hopefully up!

Well if everyone remembers that the Federal Marshall's auction coins apparently sold at premium over spot, despite FUD, then it should move up.

Why do you way the coins from the first SR auction were sold at a premium? The price was never disclosed and it can only be speculated as to what price they were sold at.

although the dynamics of such an auction would indicate that they would sell at a discount due to the limited number of potential participants and requirement to buy a large amount

An exchange or a whale like Richard Branson etc could have taken the lot in one bite to make a profit later

The winklevoss brothers could have taken a loan from their dad to buy them

A hedge fund or venture capital firm could have swallowed the lot

Too many possibilities........

You have listed 3 potential participants of the auction. If they are the only people buying then they would have little reason to want to pay the going market price because they do not need to compete with other market participants.

[CoinCidental]

You think there's only 3 rich people/organisations in the world who could  take a large chunk of coins privately ?

[Coinbuddy]

well this article gained the attention of the users