I know you meant seized, but it still doesn't make sense.
The auction price won't be based on some silly little exchange price. It will probably be somewhat higher than exchange prices since it offers the opportunity for a venture capitalist, bank, or serious investor (typical bidder according to leaks) to buy a lot of coins at a relatively low price, without raising the price part way through the transaction.
A good strategy would be to win one or more of the auctions and then buy a couple of thousand coins at market price to greatly increase the value of the coins bought at auction.
It's not rocket surgery.
Hi Jimbo,
Yes, I meant seized, my spell-checker can be a devil sometimes.
In regards to the auction, I tend to disagree with you, I've been through auctions in the past, and (in a general auction) when someone sells something, it would be based on "today's" market price, Since the auction have not officially started yet, then today's price isn't known yet, and that it to be calculated at the beginning of the auction's date. Therefore, I still strongly believe that the price will be pushed down sooner or later by someone knowing what they're doing.
When we talk about a 1000 BTC, that's more than half a million dollars in today's price, if I had that sort of money at the moment, I would guarantee to "somehow" control (or have a little saying) in moving the price North or South. For someone having the power to buy 3000 BTCs; I would certainly expect the market to shake before and after that auction.
Therefore, even thought I might be wrong on this, but I would rather stick to my theory for now, as this is what I am already seeing on the BTC movement at the moment.
Kind Regards
Heider