Bitcoin Markets React to US Marshal Auction Close
buttercoinmarketupdate.posthaven.com
Bitcoin Markets React to US Marshal Auction Close
1–10 of 15 posts
Re: Bitcoin Markets React to US Marshal Auction Close
#2Secondmarket who were touted as one of the biggest potential bidders who also ran a bidding syndicate just announced they were outbid on all blocks:
https://twitter.com/barrysilbert/status/483692873855299584
Very bullish news. Still waiting for someone to announce the prices they bid at though.
Re: Bitcoin Markets React to US Marshal Auction Close
#3How is a 2.4% price jump in a market as volatile and illiquid as bitcoin indicative of anything?
Re: Bitcoin Markets React to US Marshal Auction Close
#4Is the timestamp on this post incorrect? "Posted 3 days ago. June 27, 2014 at 7:44 PM"
Re: Bitcoin Markets React to US Marshal Auction Close
#5Is the timestamp on this post incorrect? "Posted 3 days ago. June 27, 2014 at 7:44 PM"
The chart in the blog post is also from june 27-28, so it looks like you're right.
Re: Bitcoin Markets React to US Marshal Auction Close
#6Today's jump may have more to do with this news from IRS:
http://www.forbes.com/sites/kellyphillipserb/2014/06/30/irs-...
Re: Bitcoin Markets React to US Marshal Auction Close
#7How is a 2.4% price jump in a market as volatile and illiquid as bitcoin indicative of anything?
Since the post was published three days ago, bitcoin is up about 12%.
Re: Bitcoin Markets React to US Marshal Auction Close
#8Note that this assumes the markets believe all bitcoins are fungible. There was some speculation buyers might pay a premium for coins held by the US government because they would be considered "clean".
That said, if you don't believe Bitcoins to be fungible I think you'd be crazy to buy millions of dollars worth of them. Bitcoin becomes far less useful if everyone has to worry whether their Bitcoins won't be accepted by certain users.
Re: Bitcoin Markets React to US Marshal Auction Close
#9Keep in mind, that this is pure speculation. There is no evidence whatsoever that whoever bought bitcoins below a certain price is in any way connected to the bidders, or even that those bitcoins were bought by a single individual.