If I were going to place a bid on a blind auction to buy bitcoins, and the auction was going to be closed in a couple days, I would put a bid in at $541.00 or $551.00. There seems to be good technical support at those areas and I would feel like there would be a good risk/reward ratio. I'd feel like I'd be able to make some money on a trade (eventually) and/or it would be a good price for a long term hold as well. If I didn't win I wouldn't be too disappointed. If I did win, I'd feel pretty certain I'd be able to do well either trading out or holding. Remember, I'd have to take out $200K out of money for the deposit that was otherwise working for me elsewhere, and the time-cost involved for the auction.
Where would you place your blind bid today for any amount of bitcoin?
Nick
Where would you place your blind bid today for any amount of bitcoin?
Nick
It depends if you actually wanted to win the auction. If I wanted to win Id put my bid somewhere between $600 and $630.
Thank you for your honest reply. There are currently about 3100 coins on the Ask to $605 at Bitstamp. Did this influence your decision? I know there are other factors... Asks getting pulled, exchange risk, etc. Honestly just exploring what the winning bid(s) might be.