Cassius
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March 05, 2015, 04:00:29 PM

So how do we know that some whale or whales weren't planning on buying 50K coins or more on the open market and instead are buying them at auction? In other words, How do we know that this sale isn't already priced into the market? It's not like this auction is a surprise or anything.

Surely there are enough ways to buy off-exchange? Anyone with a lot of money would want to explore those before buying from Coinbase/Stamp wherever. I suppose the auction is the only sure way to get hold of a very large slab of coins at once, but buying on an exchange would be a last resort.