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You seem to have misread my post. I didn't say that no one would bid above market price, I stated that they would additionally buy up all the coins on the marke
by rebel 12y ago
You seem to have misread my post. I didn't say that no one would bid above market price, I stated that they would additionally buy up all the coins on the market below their buying price.
- nkuttler 12y agoAh, you're right. But buying coin from different markets still has risks and takes time (which is money). Of course, it depends on your priorities.
- nitid_name 12y agoWouldn't that risk driving up the market price of bitcoins, which leads to a higher competing bid on the bulk coins?
- rebel 12y agoWell you wouldn't want to do it before the bids are in. However, there was a gap between when bids are placed and when the winner is announced, that would be a good time. edit: Of course, any time after the bids were completed would be a good time. After the auction ends would be just as good for you.