I don't think we're ever going to see $500 again. Or at least, not below it.
I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.
I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.
I thought the same, and that that event would be the Silkroad auction (well, just before knowing the results anyway).
But with that gone, I don't see any news of sorts approaching, specially now that we're kind of China-Ban-Immune...
The next silk road auction?
Unless something gets all the coins back into the hands of the few, we could easily have to wait until the next halving... :/
Unless the whales have already been accumulating, that is.
Next auction won't come until DPR's trial finishes, and that might take a while.
I think some other event such as a ETF opening will happen before that. And before the next halving.
There is always the possibility that they are able to confiscate another drug exchanges coins
The amount would probably be far less significant but if they catch a few who knows we may see another auction.
