Well I'm holding until the auction is over, then look to buy some more. I think may investors are thinking like that, that's why the price hasn't changed that much lately (well, not much by Bitcoin-standards anyway.) It's too hard to predict what will happen with the price after the auction, but most people think something will happen. So they rather wait to after the auction to buy in
We've had some good news during that time that normally would affect the price at least a little bit. I think price will go down little bit after the auction then up towards 700 when people notice they didn't get dumped directly on the exchanges. Pure speculation of course but this is the speculation forum after all
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Will the winner/winners be disclosed by the way? If so I guess the price could either go up or down directly following the auction depending on the winner: Is he assumed to be a long term Bitcoin believer (holding/investing, price up), don't care about bitcoin but want to make money short term (selling gradually, price down slightly) or after a quick buck/stupid (selling all at once, price down quite a lot)