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Author Topic: USMS auctioning 50k DPR coins. Supply begets demand?  (Read 1127 times)
Melbustus (OP)
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November 17, 2014, 06:25:47 PM
 #1

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/

We've now seen two incidents of massive sales of bitcoin that had the perhaps counter-intuitive effect of resulting in tremendous demand coming out of seemingly nowhere: The original ~30k silk road coins auction, where Tim Draper max-bid on all lots, and the ~30k BearWhale sell-wall that just built up buying-pressure at the ask and was fully eaten (with a nice bull pop afterwards).

It's a fascinating phenomenon, and I'm curious to see what happens with this current auction.


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Melbustus (OP)
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November 17, 2014, 06:32:02 PM
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http://www.usmarshals.gov/assets/2014/dpr-bitcoins/

We've now seen two incidents of massive sales of bitcoin that had the perhaps counter-intuitive effect of resulting in tremendous demand coming out of seemingly nowhere: The original ~30k silk road coins auction, where Tim Draper max-bid on all lots, and the ~30k BearWhale sell-wall that just built up buying-pressure at the ask and was fully eaten (with a nice bull pop afterwards).

It's a fascinating phenomenon, and I'm curious to see what happens with this current auction.



don't post same topics, check the first one at here: https://bitcointalk.org/index.php?topic=860746.0

I saw your thread. Title indicated a different line of discussion.

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JimboToronto
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November 17, 2014, 07:04:31 PM
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don't post same topics, check the first one at here: https://bitcointalk.org/index.php?topic=860746.0
I saw your thread. Title indicated a different line of discussion.

Gone with the wind. Bye bye hivertroll. LOL
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