So whats the verdict about the auction ?

[jaberwock]

Who is draper? Is he somebody from around here?

I am thinking the price would be a lot lower than for what it sells on the exchanges.

Seriously?
Draper won first auction (all 30,000 coins) and paid more than market price. Now he won only 2,000 coins of 50,000. Make your own conclussions...

Where you got the info he paid above market?

As far I remember he said he didn't pay above market prices and refused to say more about the auction price

[1715326993]

1715326993

[1715326993]

1715326993

[Coinshot]

Who is draper? Is he somebody from around here?

I am thinking the price would be a lot lower than for what it sells on the exchanges.

Seriously?
Draper won first auction (all 30,000 coins) and paid more than market price. Now he won only 2,000 coins of 50,000. Make your own conclussions...

I didnt know details like that were revealed.

Conclusion: He overestimated earlier and underestimated now.

[grappa_barricata]

For reference, we are talking about this guy:

[phoenix1]

For reference, we are talking about this guy:

That's clearly not a guy who would ever overdo anything 

[fewcoins]

Looks like somebody who isn't in the right state of mind...

[BitmoreCoin]

the billionaire that wanted to double down could only get 2.000 out of 50.000 coins? lmao...

Well it makes sense for him to bid considerably lower this time since last time he outbid everyone and could have gotten the coins cheaper probably. Now he has more information to decide on his bids for the next auction, and he's not likely to share that information. I would guess he placed his bids just below market around $350, to bid competitively and still have a chance at getting some coins which he succeeded at. But it could also be way higher or lower, there's not much to base it on only Draper knows.

i agree, that would actually make alot of sense if you are thinking about the next batch of coins that could be auctioned.
but then i'm not sure what to think about him saying to buy on the market now, because he needs more btc for boost vc.

I think the price he bid was below market price.

[BitMos]

I'm guessing Pantera got zero since they said they bid under market price, if Draper only ended up with 2,000

The greed is strong in this one.

  it's called structured market analysis.

[Elwar]

The coins have not been distributed yet.

[JimboToronto]

For reference, we are talking about this guy:

He doesn't always dress as sharp as that.

Here's a picture of him dressed like a doofus.



 

[RodeoX]

Looks like somebody who isn't in the right state of mind...

Yes he looks like a deluded bitcoin fan boy. ...With a billion dollars and tens of thousands of bitcoin. What a loser, huh?

By the way, how successful have you been with bitcoin? Considering Drapers state of mind and your ability to see future prices, you must have 2 or 3 billion, right?

[Coinshot]

For reference, we are talking about this guy:

Looks like someone who has smoked too much

Come on, buy at Bitstamp and pump the price.

[Tzupy]

Now that the bitcoins from the auction are being distributed, question is if some of the buyers decide to dump
on exchanges, would they on mainland China ones? I think not, probably they would dump on Western exchanges like Bitstamp.
Which Bistamp needs to do some catching up to the Chinese, in order to regain it's real name of Bearstamp.

[jerk]

Now that the bitcoins from the auction are being distributed, question is if some of the buyers decide to dump
on exchanges, would they on mainland China ones? I think not, probably they would dump on Western exchanges like Bitstamp.
Which Bistamp needs to do some catching up to the Chinese, in order to regain it's real name of Bearstamp.

Are you really that stupid?

1. Pay over market value for BTC
2. Sell BTC for market value
3. Profit ?

[2dogs]

I wouldn't underestimate Tim Draper...you can hear his balls clanging miles away.   

[fewcoins]

I wouldn't underestimate Tim Draper...you can hear his balls clanging miles away.   

No sir that is the change falling out of his pockets you are hearing... He is loosing millions again and again everyday

[hacknoid]

So, to pull back to the OPs question for a moment:

http://www.coindesk.com/bitcoin-investment-trust-wins-48000-btc-us-marshals-bitcoin-auction/

So there were two winners, Draper with 2000 coins and BIT syndicate with the other 48000.  Divided by 104 bidders in the syndicate, averages to ~461 coins per person, if they all contributed equally.  And of course nobody knows what the individuals will do with those coins, but its unlikely that they all would dump them all at once, even if they did get them for below marked price.

[Newbie1022]

So, to pull back to the OPs question for a moment:

http://www.coindesk.com/bitcoin-investment-trust-wins-48000-btc-us-marshals-bitcoin-auction/

So there were two winners, Draper with 2000 coins and BIT syndicate with the other 48000.  Divided by 104 bidders in the syndicate, averages to ~461 coins per person, if they all contributed equally.  And of course nobody knows what the individuals will do with those coins, but its unlikely that they all would dump them all at once, even if they did get them for below marked price.

You mean Silbert's group... the guys that underbid the market by $200 last auction... won. LOLOLOLOLOLOLOL... "bullish as fuck" Bahahahahahaha

[hacknoid]

So, to pull back to the OPs question for a moment:

http://www.coindesk.com/bitcoin-investment-trust-wins-48000-btc-us-marshals-bitcoin-auction/

So there were two winners, Draper with 2000 coins and BIT syndicate with the other 48000.  Divided by 104 bidders in the syndicate, averages to ~461 coins per person, if they all contributed equally.  And of course nobody knows what the individuals will do with those coins, but its unlikely that they all would dump them all at once, even if they did get them for below marked price.

You mean Silbert's group... the guys that underbid the market by $200 last auction... won. LOLOLOLOLOLOLOL... "bullish as fuck" Bahahahahahaha

Yup, Silbert's group.  Where did you see about the amount they bid last time?  I didn't think there were any confirmations on that?

[Newbie1022]

So, to pull back to the OPs question for a moment:

http://www.coindesk.com/bitcoin-investment-trust-wins-48000-btc-us-marshals-bitcoin-auction/

So there were two winners, Draper with 2000 coins and BIT syndicate with the other 48000.  Divided by 104 bidders in the syndicate, averages to ~461 coins per person, if they all contributed equally.  And of course nobody knows what the individuals will do with those coins, but its unlikely that they all would dump them all at once, even if they did get them for below marked price.

You mean Silbert's group... the guys that underbid the market by $200 last auction... won. LOLOLOLOLOLOLOL... "bullish as fuck" Bahahahahahaha

Yup, Silbert's group.  Where did you see about the amount they bid last time?  I didn't think there were any confirmations on that?

Silbert posted it on his twitter feed last time after the auction. It was one of the price points people referenced in trying to assess what Draper's bid was. I want to say they bid $463 last time, but I'm honestly too lazy to troll through his twitter feed to find it.

[hacknoid]

So, to pull back to the OPs question for a moment:

http://www.coindesk.com/bitcoin-investment-trust-wins-48000-btc-us-marshals-bitcoin-auction/

So there were two winners, Draper with 2000 coins and BIT syndicate with the other 48000.  Divided by 104 bidders in the syndicate, averages to ~461 coins per person, if they all contributed equally.  And of course nobody knows what the individuals will do with those coins, but its unlikely that they all would dump them all at once, even if they did get them for below marked price.

You mean Silbert's group... the guys that underbid the market by $200 last auction... won. LOLOLOLOLOLOLOL... "bullish as fuck" Bahahahahahaha

Yup, Silbert's group.  Where did you see about the amount they bid last time?  I didn't think there were any confirmations on that?

Silbert posted it on his twitter feed last time after the auction. It was one of the price points people referenced in trying to assess what Draper's bid was. I want to say they bid $463 last time, but I'm honestly too lazy to troll through his twitter feed to find it.

Well, I tried to find some record of it and couldn't.  References to the last auction were https://twitter.com/barrysilbert/status/482951689381904384 and https://twitter.com/barrysilbert/status/483692873855299584.  If you (or anyone) has a definite link, I would like to see it.  Because I have seen no actual bid amounts anywhere, winning or otherwise.

Remember a couple of things:
- Silbert's syndicate is a group of individual bidders;
- Last auction they lost, so if they intended to win maybe they learned something (to bid higher)
- Highest bidder last time around was Draper, who really wanted these coins and was outbid (see https://www.coinprices.io/articles/december-4th-usms-bitcoin-auction-hub).  That implies the winning bid price was not likely low.

Nothing to indicate that the current auction results were NOT "bullish as fuck".