Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Auctioned bitcoins may sell at a steep discount:
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/
http://www.coindesk.com/citi-ross-ulbricht-bitcoins-likely-sell-discount-usms-auction/
Their argument is that it's now $380 instead of $640??
Right, that's just fucking great logic.
If anything that will trigger more players to bid higher then the market price now when they got a chance to get it cheap.
Fucking broken logic, did a woman done came up with this?
About the other 90k coins, we don't know what time these will go off on auction and the price could EASILY be more then $400 at that time
Teh Bitcoin has been pumping all week in preparation for this auction. The bit powers that be don't want them auction coins going too cheap. This is my theory
Volume tells the story. Price was drifting higher all week and may continue to do so, but without much enthusiasm. Volume has been tapering off. I'll consider myself lucky to get in a short position near $390 before the buying stops entirely. I'm happy the gov won't get much for their stolen coins.