hyphymikey
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June 26, 2014, 01:45:53 AM

So who sells near the bottom of the long term trend line and why?
Besides all the weak hands who think the price will tank because of the auction  Roll Eyes
Does someone think that lowering the market price will somehow give them cheaper coins at the auction? Its not like their bids are entered as +/- a certain percentage of market price. Maybe they think they can fool the other bidders by hoping they look at the price and adjust their bids from there. But no bidder is that dumb.

I speculate purely on news and overall phycology/sentiment. This can't be news, and the consensus around here is 50/50 on the auction coins. The only two things I can think of is everyone is waiting for the auction to end, or manipulation is trying to get coins from weak hands.

Any insight from you folks that I might be missing?