Post
Topic
Board Trading Discussion
Re: 50K Silk road coins to be auctioned 5 March.
by
BootstrapCoinDev
on 09/03/2015, 19:57:03 UTC
Is the auction running right now or finished  Huh i was waiting a huge price drop after the auction , like the last one price drop to 190 $
and now still didn't return to 350  Undecided .

There is no reason for the price to collapse. just rumors and fear from people trying to incite panic. The actual buyers of the auction bitcoins will use them to start Bitcoin companies and drive prices even higher.
Yes, hopefully it will help the price to get over 50 and 61 fibonacci retracement levels. That last green candle was pretty nice.