Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Raystonn
on 27/06/2014, 17:58:42 UTC
I can't wait to see what happens when the big stash of coins from DPR go to auction (if this happens at all).
We'll probably drop to 100 for 2 months while waiting for the event to happen. Based on what happened this week.
I might get my coins out of cold storage for that one.

Won't happen.  Seized foreign currencies are immediately turned to USD on an approved exchange and sent to the Treasury.  By the time this court case is over there will be an approved Bitcoin exchange, and more than enough liquidity to absorb the coins.