As the Chinese are preparing to sell, it will trigger a chain reaction of panic selling.
The Australian auction will cause the initial massive dump and we could even drop under $200 if the market is as weak as i suspect it is.
There may still he a little profit to make here but be careful, these will be bloody streets soon.
so far your prediction of panic meant stable price from June 4 to June 11 in the range of $570 then rising to $690-$700 and stay at $680-$690 stable for 2 days before rising above $700 and now we are at $730 and still rising day by day.
http://www.coindesk.com/price/#2016-06-03,2016-06-16,close,bpi,USDso thank you for teaching me the meaning of panic, dump, and drop to under $200 which by the way you have been saying for over a year lol
I wonder what the new all time high will be. The price still has a few more weeks to rise before halving. I think it could easily go to $2000 at least.