am I the only one who thinks the price will stay 580-620 until after the auction in order to have a "low" starting price for bidding? I'm surprised people aren't more bullish about the impending auction
I don't think the people bidding on this auction are the type who want to get involved in market manipulation, or not at least for this tiny amount of money. Also I don't think the amounts involved are big enough to warrant market manipulation. It might not even be profitable let alone worth the risk of committing a crime.
personally, I think the people that have the wherewithal to make a winning bid on this auction have a longer-term view than the ones who are currently trading and making the market.
I think the chance of these coins getting "flipped" on the exchanges after the auction are lower than the chances of the losing bidders buying back in at market prices.
but that's just a complete guess.