Topic: Will the Fed's auction move the price up, or down? (Read 987 times)
I voted for no change in price. I believe that with the current pricing, it is a good opportunity to acquire sizeable position and the last thing that could happen would be to put these newly bought coins directly on the market. That is why I rule out any direct impact on the price in short-term.
I think people still so care about these auctions.
The auction might affect the price negatively if the buyer decides to dump the coin for a quick profit.
If the buyer holds onto it it would be a positive.
That was a quasi valid jitter for the first one. Not no more. We already know the types of bidders who line up for it. It's not the 11yr old psychopaths who dump on us over and over. These are properly capitalised professionals with long term plans.
Most people don't care about these auctions anymore. The very first auctions were followed by a lot people, nowadays not so much anymore. I don't think it will have an impact on the price. Those who buy the coins that are being auctioned will probably hold them at least till after the block halving.
I think people still so care about these auctions.
The auction might affect the price negatively if the buyer decides to dump the coin for a quick profit.
If the buyer holds onto it it would be a positive.
Even if the buyer of the auctioned coins dump the coins at once, people will still buy the price up to over $300. There are a lot people waiting for another opportunity to buy below $300. I am fairly sure the coins won't get dumped right now. If they will get dumped, then surely after the halving as the price then will be much higher than now.
Most people don't care about these auctions anymore. The very first auctions were followed by a lot people, nowadays not so much anymore. I don't think it will have an impact on the price. Those who buy the coins that are being auctioned will probably hold them at least till after the block halving.
I think people still so care about these auctions.
The auction might affect the price negatively if the buyer decides to dump the coin for a quick profit.
If the buyer holds onto it it would be a positive.
As the halving approaches it will get increasingly difficult for large players to acquire sizeable positions in this market.
The Fed auctions were by far the most legitimate and convenient way to acquires large blocks of coins.
As these type of opportunities slowly expire the demand will inevitably trickle down into markets and exchanges which IMO will contribute to the rise in price.
The Fed auctions were by far the most legitimate and convenient way to acquires large blocks of coins.
As these type of opportunities slowly expire the demand will inevitably trickle down into markets and exchanges which IMO will contribute to the rise in price.
this sounds sensible
Most people don't care about these auctions anymore. The very first auctions were followed by a lot people, nowadays not so much anymore. I don't think it will have an impact on the price. Those who buy the coins that are being auctioned will probably hold them at least till after the block halving.
No auctions so far have had any effect on price. If anything, auctions allow whales to get in and then the whales try to manipulate the market upwards, but there's no way to know what they're doing.
I wonder if there's any crossover between previous and future auction bidders and anyone who plays on the current exchanges. I would've thought they'd be quite a separate crowd.
A syndicate of little guys won most of one auction's coins. They might also trade on the current exchanges. The whales who won the rest of the auctions are unlikely to trade on them. OTC markets would probably be their preferred way of trading.
No auctions so far have had any effect on price. If anything, auctions allow whales to get in and then the whales try to manipulate the market upwards, but there's no way to know what they're doing.
I wonder if there's any crossover between previous and future auction bidders and anyone who plays on the current exchanges. I would've thought they'd be quite a separate crowd.
As the halving approaches it will get increasingly difficult for large players to acquire sizeable positions in this market.
The Fed auctions were by far the most legitimate and convenient way to acquires large blocks of coins.
As these type of opportunities slowly expire the demand will inevitably trickle down into markets and exchanges which IMO will contribute to the rise in price.
The Fed auctions were by far the most legitimate and convenient way to acquires large blocks of coins.
As these type of opportunities slowly expire the demand will inevitably trickle down into markets and exchanges which IMO will contribute to the rise in price.
No auctions so far have had any effect on price. If anything, auctions allow whales to get in and then the whales try to manipulate the market upwards, but there's no way to know what they're doing.
Pantera were canvassing for bidders for their syndicate. Not sure about other players. It is interesting how quiet it's become and it's come along at a tricky time to know what to bid. You never know, it might have a positive effect if vague price news leaks out. Often there are hints at the nature of the failed bids.
The Fed's auction is in four days, will it move the price up, or down, or make no difference?
I think a high number of bidders could move the price up, and a lack luster number of bidders could move the price down. Have any of the previous bidders like Tim Draper, or any of the syndicates said they will be bidding yet? There hasn't been much discussion about it in the mainstream media.
I think a high number of bidders could move the price up, and a lack luster number of bidders could move the price down. Have any of the previous bidders like Tim Draper, or any of the syndicates said they will be bidding yet? There hasn't been much discussion about it in the mainstream media.
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