Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 01/12/2014, 22:30:42 UTC
I remember, at the announcement time price dropped from 660$ to 620$, in a moment of craziness.
Then it bounced a bit but kept falling down to sub-550$. Then it recovered to 630$. After the auction ended,
it collapsed down to 500$, culminating in that 'flash crash' to 450$.

The price recovered on June 30, when the USMS announced that one bidder got all the lots.  Most people concluded that his bid was above market.

The price then started a slow decline, that got worse only after one month.  I don't think that this decline was related to the auction.  I rather see it as a continuation of the descending trend that dominated from February to April.