fonzie
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June 25, 2014, 01:36:44 PM


why? even the "institutional investors" like and want cheap coins.

That's not the point.  The important part is not what they are bought at, but what they might be sold at (if they are sold at all).  

That list is composed of nothing but holders and dumpers.  The institutional holders will do all they can to ensure that the coins don't fall into the wrong hands that would then turn around and dump them on the exchanges.  I guarantee you you will see a bid war way past $400. 

We can only hope that the institutional guys win.



It's a blind auction, so there's no bid war. Though we can assume some people will either really want those bitcoins (just like some people might pay a premium for the coins directly originating from the genesis block), or prevent a large sum of bitcoins to fall into the wrong hands (and by that i mean some kind of troll whale who could crash the price by buying overly cheap bitcoin).

Therefore we can assume the highest bid is at the very least at the market price. And is more likely to be above it than below it.



 Cheesy