How will the US Gov't auction effect the price of bitcoin?

[polynesia]

Yeah, looks like it won't effect the price at all. And if it is bought for higher than market, it will be very bullish to prices.

Definitely.
The removal of uncertainty associated with the auctions will be driver of Bitcoin's price.

[tss]

unlikely to have any impact unless the purchase price is somehow leaked and the market will gravitate towards that number.  usually these auctions winners dont dump the coins on the market after the auction.

[NUFCrichard]

unlikely to have any impact unless the purchase price is somehow leaked and the market will gravitate towards that number.  usually these auctions winners dont dump the coins on the market after the auction.

I don't think the price is the most important thing, the number of bids and who the buyer is, is more important in my opinion.
If Bill Gates buys in it is better for bitcoin than a nobody buying in a higher price.

[calme]

Well I heard it was Taylor Swift buying at this auction.

[Bralex]

Has this auction happened yet?

We have seen a drop but a very small one considering so all is looking good at the moment.

unlikely to have any impact unless the purchase price is somehow leaked and the market will gravitate towards that number.  usually these auctions winners dont dump the coins on the market after the auction.

This is true these guys are usually in it for the long run, hoarders of the sort..

[funtotry]

Probably decrease the price, the government will sell the coins at lower than market value because they want to sell them fast. With this volume of coins being undervalued it could have some negative effects on the price.

[calme]

Probably decrease the price, the government will sell the coins at lower than market value because they want to sell them fast. With this volume of coins being undervalued it could have some negative effects on the price.

The bidders aren't financially retarded, though. They didn't get rich by being idiots. They know that if they were to buy 50k coins from exchanges all at once, they would run up the price and have to pay more for the 50k coins. So, they put in their bids accordingly, knowing that the other bidders are also aware of that fact. In other words, easily paying a higher price than what is listed on exchanges.

[billyjoeallen]

If a smart bidder wins the auction, he could sell w/o depressing the price at all if he buys one btc on margin for every coin he sells.

[galbros]

While I normally expect this to hurt the price, it looks like it went pretty well overall:
http://www.coindesk.com/third-usms-bitcoin-auction-bidder-interest/

With the recent good news and price uptick, finally a little cause for optimism in bitcoin land!

[tabnloz]

This is your answer:

Some manipulators are buying up the price to force bidders to bid at a higher price at 05/03/2015 for the 50k bitcoins of the US MARSHALS auction.

They will dump the market to hell with all bitcoins they recently bought before 09/03/2015 (the deadline winner bidders have to pay US MARSHALS to get their 50k coins), the market price will crash very hard to sub $200, winner bidders will then be forced to sell with those manipulators and the crash will become even harder to test sub $100.

Those manipulators will short alone with this crash to gain a huge profit, that's how this pump and dump is going to end, you have been warned to not follow this fake recover! this time will be worse than $300 fake pump of coinbase scam news scheme!

ergh. not you again faaaallling.

[gkv9]

Guys, any news on the auction?
Haven't heard any news except that the auction actually held...