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tarmi
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Activity: 1218
Merit: 1010
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December 08, 2014, 03:43:33 PM |
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too bad they were selling only 50 k this time, so they are probably moving coins to their addresses first.
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Elwar (OP)
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 08, 2014, 04:50:22 PM |
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Brooker
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December 08, 2014, 05:02:54 PM |
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Why would this effect the price let alone make the price 'go to the moon'? What does the guy who bought them plan to do with them?
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fryarminer
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December 08, 2014, 05:05:33 PM |
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Why would this effect the price let alone make the price 'go to the moon'? What does the guy who bought them plan to do with them?
Yeah I'm not following the logic here either. |
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Flashman
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December 08, 2014, 05:21:47 PM |
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hah, think someone put the tx fee in wrong, the blocks end up at 4999 and change  Buyers gonna cause shit. |
TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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Hexadecibel
Human Intranet Liason
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Hero Member
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Activity: 571
Merit: 504
I still <3 u Satoshi
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December 08, 2014, 05:22:15 PM |
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I think some of the reasoning is that since the silk road BTC confiscation there has been lots of fear and uncertainty what the fate of those coins would do to the market.
Now that the coins have finally left federal hands and are back in the ecosystem some of that fear is alleviated.
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Febo
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Activity: 2730
Merit: 1288
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December 08, 2014, 06:31:18 PM |
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It was actually quite stupid speculation. It was known they will not just dump them but sell with earlier announcement. There are still lots of bitcoins in much weaker hands that was FBI ones.
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Clegg
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December 08, 2014, 06:42:05 PM |
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Why would this effect the price let alone make the price 'go to the moon'? What does the guy who bought them plan to do with them?
Yeah I'm not following the logic here either. People just like to say this when pretty much anything happens no matter how in/significant . |
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DiabolusLoki
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December 08, 2014, 06:45:52 PM |
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Market will definitely move, so it's time to short.
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panju1
Legendary
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Activity: 1246
Merit: 1000
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December 09, 2014, 04:55:21 AM |
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I think some of the reasoning is that since the silk road BTC confiscation there has been lots of fear and uncertainty what the fate of those coins would do to the market.
Now that the coins have finally left federal hands and are back in the ecosystem some of that fear is alleviated.
If the guys who bought the coins plan to dump them in exchanges, it doesn't help if the uncertainty is removed. Price will go down all the same if (and when) these coins are dumped. |
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malaimult
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December 09, 2014, 06:22:13 AM |
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 They sold ~44k coins and transferred them to the respective buyers. I know that there were at least two winners as Tim Draper won exactly one block, and it is unknown who purchased the rest. I would say the 100k were moved to another address controlled by the FBI USMS and the 44k were transferred to the buyers. One thing I found interesting is that both transactions out of the address eventually split up the inputs to various addresses and sent amounts of .05 to several addresses. |
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gogxmagog
Legendary
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Activity: 1456
Merit: 1010
Ad maiora!
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December 09, 2014, 08:46:07 AM |
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This will for sure send the price sideways.
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Bitcoins101
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December 09, 2014, 08:58:18 AM |
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Why would this effect the price let alone make the price 'go to the moon'? What does the guy who bought them plan to do with them?
Yeah I'm not following the logic here either. There are strong hints of satire within his post. |
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Fabrizio89
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December 09, 2014, 09:32:56 AM |
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The price won't be affected unless one of the winning bidders reveal his price, which likely won't happen since there's no major benefit to disclose that information to the public.
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Notanon
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December 09, 2014, 09:56:36 AM |
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Given the price drop as of late, I'm of the opinion that it will continue to drop, but only slightly, while the coins are reintroduced to the market, and then the price will start to go back up. Increased supply in relation to demand is my reasoning behind this.
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abyrnes81
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December 09, 2014, 09:58:02 AM |
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Thanks for the info , but I think it will not be possible to know all the names of the auction winners. Or Am I wrong ? |
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malaimult
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December 10, 2014, 04:36:31 AM |
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Thanks for the info , but I think it will not be possible to know all the names of the auction winners. Or Am I wrong ? Well it has been known for a while that Tim Draper, the same person that purchased all 30k coins from the first auction won 2,000 BTC this time around. It was also recently revealed that the second market investment trust also purchased several thousand BTC from this auction. Other then that, as of now the winners are not known, nor are the prices the winners paid |
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BitmoreCoin
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December 10, 2014, 12:42:16 PM |
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The emission of BTC is 3600 per day. 100k is just 30 days of supply. So price will not go to the moon.
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Flashman
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December 10, 2014, 01:09:29 PM |
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The emission of BTC is 3600 per day. 100k is just 30 days of supply. So price will not go to the moon.
Woah and I bet it's 90% on the north side of the planet, if there's a net thrust from BTC emission we'll incline the plane of the earths orbit!!! |
TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6
Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins. |
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