Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 20/06/2014, 04:42:51 UTC
am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding? 
There is no "starting price".  Each bidder submits one sealed bid, for 1 to 10 lots of coins, and that is it.  The USMS may cancel the auction at their discretion, presumably including if if they get only "joke" bids, but I haven't seen any explicit minimum price in their announcement. http://www.usmarshals.gov/assets/2014/bitcoins/