Quote from: kwukduck on June 20, 2014, 08:38:16 AM

Quote from: bizzel on June 20, 2014, 08:23:37 AM

You must be from the future then.

So, they will be sold super cheap? On what information did you base that idea?

Based on the fact that auctions are expensive, a big chunk of the amount goes to the auction house and i doubt the buyer will pay 15-20% extra for their bitcoins just to be that nice guy.

Quote

So, the coins will be dumped on the exchanges? On what information did you base that idea?

Based on ~~the fact~~ my belief that most people are greedy, only have their own fat wallet in mind and couldn't care less about others or the world that surrounds them.

1. How do you know they'll use an auction house for digital currency's. Since when does the buyer at an auction pay the up-price, that's usually the cost of the seller not the buyer.

2. So because people are greedy, they'll dump the coins? Most bidders are pro-bitcoin. And even if they weren't, they'd know that they could earn a lot more if they didn't dump them but sell them gradually, IF they wanted to do that. Considering they are mostly pro-btc, there is a high chance they'll hodl. I don't expect any significant dump to happen.

3. I expect the people bidding on the auction to be wealthy enough to see this as a small investment, it's not your average Joe bidding here. Therefore I expect them to have no reason to sell quickly.