Post
Topic
Board Speculation
Re: Bitcoin Auction Results Thread!
by
Q7
on 08/03/2015, 14:06:48 UTC
it's good that they bought at 30%  higher price, this mean that current value is somehow safe, and the price will rise by 30% before any dump occur, because of that auction

Can you provide us the link to your claim that the bidders bought at 30% higher price ? As far as I concern, it's just a rumour

well yes just a rumor, i read it somewhere in the forum, don't remember know, there was a guy that said it

ok here you go

https://bitcointalk.org/index.php?topic=960634.msg10679456#msg10679456
In the end, these were just unconfirmed tweets, so as expected such info won't be revealed that easily. Also if one can buy coins at the market price, why to pay 30% more to US marshalls?

Certain buyers might want to lock in at a particular price or rather buying at a predetermined spot price. If by going to the open market, generally you don't have the luxury getting such large amount at the same price even if you spread your buying order going to different exchangers. That is because price will start to rise as the market cannot cope with such huge demand at any particular time, and it will push the price upwards. Essentially what it means is that you will be buying at higher price.