I find it hilarious that people think this is going to cause a major price flux. They aren't taking them to the common exchanges and dumping them, they are selling them to people in person (and large investors at that). Further, these aren't "new" coins... they have been accounted for in circulation. Finally, this only validates BTC as having value.
Same reason that there's a lot of flux during any big announcement. Crypto investors (for the most part) are a bunch of emotional pussies who crap their collective pants or start screaming "to the moon" every time there's an announcement of just about anything.
I agree that there
shouldn't be a huge change in prices - after all even if the coins hadn't already existed, and were dumped into the market (with a zero par-value essentially) the price of BTC should only drop about $1.50 per coin in order to absorb the additional coins into the existing cap. However, if someone in the Chinese government farts in the wrong key, and a passer-by thinks it sounded like he said "Bitcoin"... it can drop the price of BTC by over $100 in about 10 minutes.
In the alts it's even more ridiculous (naturally, since it's a byproduct of inadequate liquidity and distribution)... that's just the world we live in - at least the crypto side of it. On the upside... you get a brief opportunity to get cheaper BTC again.
