Post
Topic
Board Bitcoin Discussion
Re: Is the rumor about the latest 50,000 BTC auction true?
by
BitCoinNutJob
on 06/03/2015, 09:03:49 UTC
No, of course not. If the current bidding price is 10% or 20% above the market, why the hell would a sane person bid even more, rather than just buying directly from the market?

Buying 50k from the market would send the price sky high and you have to deal with exchanges.