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Author Topic: [OLD] Bitcoin Auction: 10,000.00 BTC --- Starting Bid 50.00 USD  (Read 38354 times)
SmokeTooMuch
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March 30, 2010, 12:18:53 AM
 #1

OLD THREAD IS OLD!

Hi,

I want to make a little experiment here:

I want to auction 10,000 BTC off, starting bid is 50 USD.
(10k BTC are currently worth ~65.50 USD)

The auction will run for seven days.
It will finish @ 6th April 3.00am German Time (usually UTC +1h, +2h at the moment).
(for the correct time look here: http://www.weltzeituhr.com/laender/039_e.shtml

To make a bid you have to post in this thread here and say how much you bid.
Only condition: every bid has to be at least 1 USD higher than the previous one.

After the auction is over, I will pm the highest bidder and will send him 5000 BTC, then I will wait until the bidder has transfered his money to my paypal account and will then send the other 5000 BTC. This is necessary to protect me from false/joke bidders.



Enough said,

Good luck Cheesy

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dwdollar
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March 30, 2010, 12:41:47 PM
 #2

I know this is well below your starting bid, but since no one has taken it yet I'll offer $20.
bitcoin2paysafe
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April 01, 2010, 11:31:32 AM
 #3

Paypal isn't anonym -so there are many people, who don't like to use paypal. You could receive the money by mail and poste restante.  Smiley
I assume that you live in Germany:
http://de.wikipedia.org/wiki/Postlagernd
http://plz1.postdirekt.de/plzserver/PlzSearchServlet?id=viewstore
SmokeTooMuch
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April 01, 2010, 11:23:37 PM
 #4

You're right but most of you live outside Germany or even outside the EU so the money transfer via mail is expensive and takes much much longer than a paypal tranfser. Additonally I don't think that there is actually a need of being anonymous at this auction.
Everything is pseudonymous here and so is paypal (in a certain manner).


But I see the problem in a lack of interest in receiving BTC, not in how the people have to pay them.

Maybe I will start an "opposite auction" (aution USD/EURO off and people can bid BTC) next week, we'll see.

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NewLibertyStandard
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April 03, 2010, 12:16:13 AM
 #5

$50 is somewhat of a high starting bid considering there is over ฿22,000 available for not much more per bitcoin than your starting bid. Not to mention that realistically there's probably a lot more than ฿22,000 available because if somebody bought a bunch of those bitcoins, I'm sure some people would step forward to sell more bitcoins. Anyway, I'll bite for sake of the experiment. I bid $25. How about you change the minimum bid to $30 and tell us a maximum time between bids. Perhaps three days?

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SmokeTooMuch
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April 07, 2010, 03:47:18 PM
 #6

Auction is over.
Since nobody has made the starting bid, the bitcoins do not change their owner.

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April 25, 2011, 03:47:27 PM
 #7

DIG! DIG! DIG!

This is like the 10k bitcoin pizza lol, Man if anyone purchased your coins you'd be facepalming and they'd be ballin

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grue
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April 25, 2011, 05:30:05 PM
 #8

DIG! DIG! DIG!

This is like the 10k bitcoin pizza lol, Man if anyone purchased your coins you'd be facepalming and they'd be ballin
FFFFUUU

It is pitch black. You are likely to be eaten by a grue.

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June 18, 2011, 10:20:32 PM
 #9

If u can accept payments via moneybokers,I'll b happy to bid as well.

Whats the last bid?

when does auction end?

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June 18, 2011, 10:29:01 PM
 #10

Had me confused too. Freakin necrobumps!

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June 19, 2011, 02:19:46 AM
 #11

This is unbelievable.  I wonder if the OP ever sold his BTC.  Hopefully he got a fair price.

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
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June 19, 2011, 02:20:52 AM
 #12

FUCKING NECROS!!!!111!1

It is pitch black. You are likely to be eaten by a grue.

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the founder
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September 07, 2011, 11:20:46 PM
 #13

Did this ever happen?

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September 07, 2011, 11:25:44 PM
 #14

*zombie groan* Muuuuaaaaa \o\
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February 23, 2012, 02:41:39 AM
 #15

Quote
Auction is over.
Since nobody has made the starting bid, the bitcoins do not change their owner.

mooo for rent
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February 23, 2012, 02:43:25 AM
 #16

If still selling let me know I'll buy  Grin.  Thx.

lool

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SmokeTooMuch
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February 24, 2012, 01:55:40 PM
 #17

This were the old days Wink

Actually nobody was interested in this auction back then.
10k BTC would be quite a lot money today Tongue

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Garr255
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March 05, 2012, 07:08:14 AM
 #18

Haha, If only I had even known about bitcoin back then. Actually the only reason I found out about this was by randomly going to the web site c.cc

Great story I know Tongue

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March 05, 2012, 10:47:57 AM
 #19

Haha, If only I had even known about bitcoin back then.
Had you known about Bitcoin back then, you would have thought (like everyone else) that it wasn't worth bidding $50 for smoketoomuch's 10000 BTC.

In 2012, people have exactly the same opportunity as they had back then. If they have $100 to invest, they can buy $100 worth of Bitcoins if they think Bitcoin's value will increase in the future. If the price goes up 500%, the 2012 investor makes exactly the same on their $100 investment as the previous investors would have made if the price went up by the same amount. The number of coins involved is irrelevant - the only thing that counts is the % increase in value.
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April 10, 2013, 11:53:59 PM
 #20

LOL,   at first I though someone is selling 10k bitcoins at 50$ per bitcoin  Huh

Note to self: resurrect this thread next 1st of April...
Resurrected it for you

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