Topic: June 27th and the days leading up to it (Read 764 times)
550-600 until the 27th, then moving up to 850 or so
I think the winners don't get notified until June 30th. I'm curious about the folks who seem to have sold a bunch of BTC to raise USD for bidding in the auction. If it turns out their low-ball bids don't win any coins in the auction (due to SecondMarket syndicate, etc.), are they going to have to panic buy back into the exchanges on June 30th when the winners get notified?
I recon there'll be nothing special for the coming week and a half. I expect the price to stabilise around 600/610. There will probably be some panic selling @ the 26th/27th. I wonder what'll happen the 27th, I wouldn't be surprised if there was a bubble after the auction, but it would have to do more with media coverage and exposure. The 30k coins will probably not affect price that much..
http://online.wsj.com/articles/fbi-readies-144-341-bitcoins-for-sale-1402606244
In 11 days, 30,000 BTC will be sold. Second market and a few other big names have considered buying it. There was a small dip from a few panic sellers when this news came out.
Now (sub 600) seems to be a recovery phase (back to 650 area where we were). These next week and a half could realistically go either way. Personally I think there will be a small dip (possibly 550 area, followed by it going back up before or on June 27th due to some panic sellers and then people re buying because the sale did not cause much FUD to begin with).
I do not expect any malicious dumps to drastically affect the prices.
What are you guys expecting for the next week and a half (unaffected, price drop, up swing, more media coverage?)
Thoughts appreciated.
In 11 days, 30,000 BTC will be sold. Second market and a few other big names have considered buying it. There was a small dip from a few panic sellers when this news came out.
Now (sub 600) seems to be a recovery phase (back to 650 area where we were). These next week and a half could realistically go either way. Personally I think there will be a small dip (possibly 550 area, followed by it going back up before or on June 27th due to some panic sellers and then people re buying because the sale did not cause much FUD to begin with).
I do not expect any malicious dumps to drastically affect the prices.
What are you guys expecting for the next week and a half (unaffected, price drop, up swing, more media coverage?)
Thoughts appreciated.
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