As far as I know they are auctioning off all the BTC to one person, so unless that one person decides to convert some of his new BTC to DRK probably nothing will happen.I am sure BTC will go down .. what do you think about DRK ? will it go down with BTC or will there by new adopters and price will temporarily shoot up ??
They are auctioning it off in blocks. I believe blocks of 3000. That being said, no one buying it there will be planning on dumping it. I honestly expect a small price decline followed by a decent sized increase. The logic being there are a lot of people expecting major decrease, when that doesn't happen you're going to have people rushing back in, causing a panic buy situation, which forms a positive feedback loop.As far as I know they are auctioning off all the BTC to one person, so unless that one person decides to convert some of his new BTC to DRK probably nothing will happen.
People only get scared when they don't know enough about something. The troll boxes will be spamming the crap out of any FUD and when the time is right and those who are informed will buy low (again) while the less informed panic sell and loose money (again). Rinse, lather and repeat. Seriously it makes you wonder how some of them have managed to stay alive this long. :what:same here
i think BTC will drop in the beginning and before the auction bit, (as people might be scared) but the market will stay pretty stable
BTC and DRK ….>
I say up also.According to bitcoinwisdom.com the volume of BTC trading in the last 24h has been around 47k, so these 30k are not important at all. I say prices won't move or, if they do, they will go up for the added publicity.
Yeah, the fact that the US Goverment is trading in BTC, even if it is to get rid of it, is quite big. Now they can't talk about tough regulation if they are the biggest traderI say up also.
Auction fever is absolutely a real thing on top of the fact that buying that much coin in one go at one price has value above the regular market price. Plus the legitimacy and publicity for bitcoin coming directly from the government.
However it goies i think drk will do the same as bitcoin with a fews hours delay.