[OLD] Bitcoin Auction: 10,000.00 BTC --- Starting Bid 50.00 USD

[SmokeTooMuch]

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

[dwdollar]

I know this is well below your starting bid, but since no one has taken it yet I'll offer $20.

[bitcoin2paysafe]

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. 
I assume that you live in Germany:
http://de.wikipedia.org/wiki/Postlagernd
http://plz1.postdirekt.de/plzserver/PlzSearchServlet?id=viewstore

[SmokeTooMuch]

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.

[NewLibertyStandard]

$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?

[SmokeTooMuch]

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

[Fiyasko]

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

[grue]

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

[film2240]

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

Whats the last bid?

when does auction end?

[virtualfaqs]

Had me confused too. Freakin necrobumps!

[rlh]

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

[grue]

FUCKING NECROS!!!!111!1

[the founder]

Did this ever happen?

[Sekioh]

*zombie groan* Muuuuaaaaa \o\

[joulesbeef]

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

[paraipan]

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

lool

[SmokeTooMuch]

This were the old days

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

[Garr255]

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

[ribuck]

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.

[BitSmile]

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

Note to self: resurrect this thread next 1st of April...

Resurrected it for you