lay785
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November 20, 2014, 12:12:41 PM

Yes but the thing is last time tim draper got badly burnt with his strategy of buying above market - and additionally the 50k coins currently up for auction arent even the entire stash. theres even more to come... If I were a bidder I would lowball the first auction and see if there was a demand before bothering to pay above market -

How did he get burnt?

He was able to buy 50k bitcoins at a lower price than he could have paid on the exchange.

This.
Some users here simply can't or don't want to think.

It was 30k that Draper bought earlier in the year. However, to some HNW individuals these are worth more than "normal" market-sourced bitcoins, because the US Marshal's coins have been laundered by the government.
#sarcasm

I hope?