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
Hmm not sure if you're drunk or you're into something, but let's go back to the topic. The winner(s) of the auction are definitely not that dumb to immediately dump their coins in the market. They, of course, will wait for the right timing and the right profit they see, or even hold in the long term. No big dumps will happen sooner or later. They will hold, and may dump those coins once they consider the price as nice profit.