Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/
Means there is a chance of the coins going to be dumped on exchanges at sight?
Or just manipulation to scare people and lower the price?
I have a funny feeling Citi and the other "prospective bidders" are selling the story of bidding on the coins at a great discount in order to get the other bidder to low-ball the bid so they can get their coins at or just under market price.
No bidder would willingly show their hand, seems like a classic poker bluff to me.
Citi is not an auction participant AFAIK
I have no idea why Citi would have anything to say on this action at all. Why are they voicing an opinion?
