JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 26, 2014, 01:12:38 AM

We should probably start defining what we mean by "above market" or "below market".

Since the announcement of the auction, daily median has fluctuated between, what, 650 and 550? Something like that, I think.

So, new rule: if you say "they'll sell above/below market", you better specify the actual price, otherwise that prediction is sounding a bit fuzzy.

That market price cannot be pinpointed, exactly.  The bidders will have a 12 hour window to bid, and their perception of market price will be at the time that they submit their bid.  I would imagine that most are going to submit their bid in the final quartile of the 12 hour window.. so in that sense, market price will be what it is during those last three hours of the auction (stable or NOT)... my point is that there are too many variables to expect a poster here to both predict whether bidders will be bidding above or below market rate and to also determine what that market rate will be... and what the reference point for that market rate should be.