Post
Topic
Board Bitcoin Discussion
Re: $37,000,000 in Bitcoin (BTC) for Sale by US Government
by
squatter
on 06/02/2020, 21:13:01 UTC
That only proves that failed bidders bid below the market rate. If anything, these bitcoins carry a premium for the same reason that "tainted bitcoins" carry a discount.

The fact that Tim Draper won every single lot in that Silk Road auction suggests he paid a premium.

Who knows? I do remember keeping a close eye out and everyone who spoke of their bid said theirs was under market.

Again, that just proves that the losing bidders bid too low. That doesn't indicate that government-auctioned bitcoins sell for a discount.

Has there ever been a single case of government-auctioned bitcoins where the winner(s) claimed to have bought under market? I doubt it. That's probably another indication that they actually sell at a premium.

This really boils down to common sense. Why would virgin bitcoins warrant premiums up to 30%, but government-approved bitcoins warrant a discount? Cheesy