Post
Topic
Board Speculation
Re: Critical Levels - EW analysis
by
BuildTheFuture
on 17/11/2014, 19:25:02 UTC

50 thousand silk road bitcoins are being auctioned in early December. Could this have a massive effect on the price?

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/



Very deep, patient pockets are likely to be picking them up (people like Tim draper, second market, Pantera etc). So no, I highly doubt it.

Will be interesting how it plays out compared to the last auction announcement in June. After that announcement the market bottomed out pretty quick in a day or so and then went up.