billyjoeallen
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billyjoeallen
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October 25, 2015, 09:52:24 PM

I still think this rally is about market makers getting sure nobody else gets 44k cheap coins at the martial auction, that could threaten their positions.
I expect this to continue for at least 10 more days, with peak around 3-4th of November.

We don't know if the buyers are going to hold or dump. The only thing we do know is that the damn government gets the cash and I hope that amount is as low as possible. 



the more they pay the coins on auction less likely is that they will dump them. draper paid what, 600 $ a piece? lel

We don't know for sure Draper didn't dump them or lend them out to short sellers, do we? What we can logically deduce is that buyers won't dump them for less than they pay unless the price goes down and stays down for a long time. The key is the RELATIVE differential between spot price and what they pay.