Have you ever bought Bitcoin by auction?

[Agios 1763]

Purchasing Bitcoin at auction will certainly be different from buying bitcoin on exchange sites. In the auction process, whoever dares to bid with the highest price, will get the Bitcoin that is auctioned. Of course we will get the price of Bitcoin below the market price, but unfortunately to take part in the auction Bitcoin requires large capital.

[Agios 1763]

23 minutes ago, jmmybrv said:

That is a nice information my friend, but is it safe to buy bitcoin in auctions? What are the safety measures they offer? We all know that many scammers in crypto world,how can you know that in that specific auction is safe to purchase or buy bitcoin? And do you know how much capital is needed to join them? 

Bitcoin auctions are usually held by Government Courts from the confiscated Bitcoin results, so security is guaranteed because government courts use official sites in each country. Example in the United States Court through US Marshal several times since 2018. Every party who wants to take part in this auction is required to deposit a deposit of US $ 200 thousand into the US Marshal's bank account ".

[sally1995 176]

Hello my friend
Yes, when you buy bitcoin from the auction it will be slightly lower than the price in the trading platforms
And your capital must be too large to enter the auction

[talo122 735]

I didnt heard before about some thing called by bitcoin auctionly, could you explain more about the process or how it works, or you can make a topic in the forum for all of us to know. 

[Agios 1763]

57 minutes ago, talo122 said:

I didnt heard before about some thing called by bitcoin auctionly, could you explain more about the process or how it works, or you can make a topic in the forum for all of us to know. 

Of course, each country will be different in conducting the Bitcoin auction process, but in general we must register in the local court first by depositing a sum of money, then we are just waiting for when the Bitcoin auction process will be carried out of course through the official website of the local court. so we are not easily fooled by scammers.

[Uttom Deb 333]

No I have never bought Bitcoin through auction, I have always bought Bitcoin through BTC.

[Maxtron73 3269]

On these auctions you can find bitcoin that has been confiscated by authorities of a certain region. Participating in these kind of auctions,  requires that you have a certain amount of money before you are able to enter the action.

[gambut_24 98]

Are you serious about a Bitcoin auction? I am really the first time hearing about the Bitcoin Auction, what are the risks and benefits of doing transactions at the Bitcoin Auction?

[Nayan deka 317]

No i have never bought cryptocurrency  by auction method as i have no knowledge on this particular investment trick.

[Imran Ahmed 11]

I have never bought bitcoin at auction, because I don't have much capital but have a plan to do in future

[RAMENSOUP 269]

There's an auction for this? Where did something like this happened? I haven't heard about it until now. If the price is lower than the market price in this then that's more better than buying in some exchanges site. So people who can join this kind of auction needs to have a large capital? If so, I guess I can't join an auction.

[Rickso 768]

3 hours ago, Agios said:

Purchasing Bitcoin at auction will certainly be different from buying bitcoin on exchange sites. In the auction process, whoever dares to bid with the highest price, will get the Bitcoin that is auctioned. Of course we will get the price of Bitcoin below the market price, but unfortunately to take part in the auction Bitcoin requires large capital.

is this possible? i mean buying bitcoin with auctions. however i imagine that the price remains almost the same, even with bids, the price will reach the normal bitcoin price, just a few bucks below

[Ashkwik 122]

2 hours ago, sally1995 said:

Hello my friend
Yes, when you buy bitcoin from the auction it will be slightly lower than the price in the trading platforms
And your capital must be too large to enter the auction

Yes i agree with you when you buy crypto currency from the auction it will be slightly lower than the price in the trading platforms

[Hendy1 370]

Yes I have heard about this at the Velic exchange when the first listing they offered a bitcoin auction project at a price of $ 4000 but it requires substantial capital to participate in this project. I think that's a trick trick. But after a few days the project failed or was canceled because the funds collected did not match the auction price. I still remember about this.

[skbo 16]

distinctly exchange a bitcoin in public sale it's leading time I was examination because I each time bought bitcoin into talk wallets and around time I bought with my fiat currency with fiat currency I bought a bitcoin in p2p method

[bliznec 22267]

Mostly I use exchange exchanges to buy bitcoin. I did not use auctions, but I think that this action should be considered. It is best to use auctions to buy bitcoin. 

[Agios 1763]

1 hour ago, Rickso said:

is this possible? i mean buying bitcoin with auctions. however i imagine that the price remains almost the same, even with bids, the price will reach the normal bitcoin price, just a few bucks below

In all auctions both houses, cars and motorbikes the price is far below the market price, as well as the Bitcoin auction, if the price of the Bitcoin auction close to the market price of the auction will be quiet and people are more inclined to choose the exchange to buy Bitcoin.

[Opinder 1310]

6 hours ago, Agios said:

Purchasing Bitcoin at auction will certainly be different from buying bitcoin on exchange sites. In the auction process, whoever dares to bid with the highest price, will get the Bitcoin that is auctioned. Of course we will get the price of Bitcoin below the market price, but unfortunately to take part in the auction Bitcoin requires large capital.

I have never seen any auction for bitcoin. It is new in the world. And everyone buying and selling it on exchanges. But when the whole world start using btc then you would see auctions due to limited supply.

[Heroshema 0]

I didnt buy it yet by auction .. acctuly I prefer to trade in famous platforms .. and i can buy and sell by this platform with no worry about my money

[Mom0 222]

Since this post I didn't even know that Bitcoin can also be bought from auction so thank you very much for the post now I will try and make some BTC from auction if it's even possible

[Winwill 10]

I have never heard of buying Bitcoin by auction but the concept seems interesting. Well I would try if such an occasion arises. Hoping someday someone with huge amounts of  Bitcoins like Mr.Nakamoto would auction soon!

[Razan alikac 1899]

Hello my friend, this is an interesting article, but I do not have much capital to be able to enter the auction.

[Agios 1763]

7 hours ago, Opinder said:

I have never seen any auction for bitcoin. It is new in the world. And everyone buying and selling it on exchanges. But when the whole world start using btc then you would see auctions due to limited supply.

Actually, the Bitcoin auction is not new, because it was held in South Korea in 2016, in the US in 2018, also in Ireland, Britain and in Indonesia etc. of course the price of Bitcoin is cheaper than the market price.

[MysteriousIdentity 150]

15 hours ago, Agios said:

Purchasing Bitcoin at auction will certainly be different from buying bitcoin on exchange sites. In the auction process, whoever dares to bid with the highest price, will get the Bitcoin that is auctioned. Of course we will get the price of Bitcoin below the market price, but unfortunately to take part in the auction Bitcoin requires large capital.

I haven't seen any bitcoin in the past that were auctioned as they can just easily bought bitcoin in any exchanges that they like and why would they bother to go for any auctioned forum. 

 

But if there are any valuable things that is related to bitcoin, maybe it can be auctioned. 

[Great Commander 659]

I haven't tried it but for my opinion, it is holding a crypto for a very long time and finally sell it to other currency just like a chair from 1900 that has been auction today.