Auction of 50,000 btc hath taken place and no price dump wot ith going on I woz hoping to buy a couple at 250 wot dose the price think its doing going up like that the auction woz supposed to dump the price not height it im so angry
and now im forced to buy at 300 im just so angry
Nobody expected a price dump after the auction.
The people who bid are big players, and are definitely not interested in turning it around to make a quick profit.
You may still get lucky - $300 is cheap when looking at the price of bitcoin over the last one year.
A good bull run might net you a neat profit.