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Author Topic: Third Auction For Ulbricht’s Coins, Scheduled  (Read 2736 times)
mishax1
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March 04, 2015, 10:42:45 AM
 #41

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..
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March 04, 2015, 10:51:54 AM
 #42

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

The recent pump is due to the BIT OTC Fund being approved by Finra. It has very little to do with the auction.
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March 04, 2015, 11:43:38 AM
 #43

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

Some believe it is the auction that is causing manipulators to pump the price so they will have to buy it for more money. Not sure if thats true.
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March 04, 2015, 01:29:51 PM
 #44

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

The recent pump is due to the BIT OTC Fund being approved by Finra. It has very little to do with the auction.

Yes, I know, that also contributes to the rise, tho I don't see some massive trading going on on Coinbase exchange, it's volume is still around btc-e's and bitstamp's..  ~17000BTC
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March 04, 2015, 03:00:28 PM
 #45

How did the market reacted at the previous auctions ?

As far as I can tell, the pump we had the last few days was to set the bitcoins' auction price higher..

The market actually fell a few days before the first auction.
There was a possibility that somebody would pick up those coins for a song and then dump them in the exchanges to make a quick profit.

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March 10, 2015, 02:28:51 AM
 #46

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?



Who won?
I heard they had 14 bidders?
http://bitforum.info/t/us-marshals-bitcoin-auction-got-34-bids-from-14-participants/384/1

Who joined? Excited if Draper will again get most of the coin.

Ulbricht is crying in his cell.
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March 12, 2015, 04:22:10 AM
 #47

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?



What I know is that SecondMarket didnt won, itBit won third place. 1st and 2nd place winners were not yet revealed.
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March 12, 2015, 02:04:01 PM
 #48

Oh how I wish I had the money to participate in this auction *sigh*

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March 12, 2015, 02:11:25 PM
 #49

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?



Can someone please tell me what is the relevance of the auction to the bitcoin price.
I heard something that this would help in some bullish runs, but can someone maybe explain in a brief way and the easiest manner why the auction is a big deal for everyone.
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March 12, 2015, 05:08:34 PM
 #50


Can someone please tell me what is the relevance of the auction to the bitcoin price.
I heard something that this would help in some bullish runs, but can someone maybe explain in a brief way and the easiest manner why the auction is a big deal for everyone.


It isn't relevant to the market price. The run up to the first auction was an uncertain period. Now it's settled down.

It is a big deal for gleaning sentiment. Moronic doomsters have consistently predicted that people would buy them up and dump them instantly.

What has turned out is that serious players have been buying them for serious long term uses.

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March 13, 2015, 04:58:23 AM
 #51

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?



Out of the 14 bidders, is there someone outside from Bitcoin-related business?
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March 13, 2015, 02:20:26 PM
 #52

With the auction of his bitcoin coming:
http://bitforum.info/t/third-auction-for-ulbrichts-coins-scheduled/305

Do you think, Ulbricht can easily get back his coins if he is still running Silk Road right now?

I mean if he will be released right now, and start from the scratch again, how many years will it take to reach the amount of the coins he lost?



Out of the 14 bidders, is there someone outside from Bitcoin-related business?

I think all 14 bidders identities were not also revealed.
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