Post
Topic
Board Speculation
Re: Effect of Ulbricht's 50,000 Btc Auction
by
sAt0sHiFanClub
on 07/03/2015, 15:41:07 UTC
it is unlikely that these auctions will drive price down. here is an article about the guy who won in the last 2 auctions: http://www.coindesk.com/tim-draper-wins-2000-btc-second-bitcoin-auction/

He was probably bidding in this most recent auction too. He uses the Bitcoin to fund start up companies.

From what ive heard draper has either not bid or hasnt won this auction, think the last 2k he bought was the final lot for him.

"bitcoins sold closer to or even above market price"  (but just barely over, quoted from an underbidder)  They wont be dumped. They will simply provide liquidity to the growing numbers of exchanges.