![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 23, 2014, 03:04:38 PM |
|
I also find it quite unlikely that the auction winner(s) will dump in any large quantity. Just as one data-point, I'm talking to some potential bidders who are thinking about using this an opportunity to get in for the first time, for the long haul. These are HNW individuals who are interested in bitcoin but have just been busy with other things/companies. Bitcoin is still small potatoes, and these guys aren't gonna piddle around on dodgy foreign exchanges for a few dozen btc at a time, or bother with tracking down miners/early-adopters, etc. Now that we're talking blocks of 3000 with no legal risk or slippage, it's interesting to them. The class of HNW that's interested, IMO, are tech-savvy gold holders. They see the potential long-run rotation out of PMs and want to take a long-term hedge.
That said, markets are fickle (*especially* the bitcoin market) and hate uncertainty, so I can see things moving irrationally pre-auction. We'll see.
|