Ninjastic
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Board Speculation
Re: Effect of Ulbricht's 50,000 Btc Auction
by
bf4btc
on 07/03/2015, 15:07:57 UTC
Quote from: calci on March 07, 2015, 10:42:35 AM
Quote from: Agestorzrxx on March 07, 2015, 10:34:02 AM
Quote from: cheekychap on March 07, 2015, 10:02:07 AM
It would not make sense to buy those coins at a 30% higher price and dump them at the normal price in the market. I am sure people who invest 13 million USD in the auction, and smart enough not to dump it right away
Are you sure the price is 30% higher than the market price?
Is there any reliable resource can confirm this?
I believe the one who win this coin surly understand the value of bitcoin.
They will not dump it.

I think it was the rise in interest and the possiblity of it being 30% more than the market price. Not sure what the result was though.

You have to think about it the paying over 30% market price is boarder line fairy tale, someone with that kind of money understands the market and if they wanted 50k Bitcoin they could have got that from  multiple exchanges setting buy walls up and after a week they would have their 50k easily but they would have paid less than market price. The auction they paid less without a doubt in my mind.