Bitcoin Will SkyRocket
Not skyrocket exactly but will go up!

Being optimistic is good, being over-optimistic isn't, as your ego only gets hurt if the real picture that comes out what you didn't expect, just like over-confidence.

Me too currently bullish on BTC, let's see what the big guys are hodling in their bags.

Let's see, it is today, some hours later.
I think that it will not give any effect to current price.
There is too much bitcoins around so 50k only if sold at once can be a danger, but I doubt that will happen, as it would be not so smart if buyer do it. He can calm and wait for price to double so he can enjoy on at least 100% profit.

These auctions do not hit the market directly. So, they are not a problem except the panic factor.

If you want to know the effect, check what happened the first two auctions.

Only thing it contributes so far is some press coverage in the mainstream media.

There is nothing special about it. It's exactly the same as previous auctions.

Not sure why some people get excited over nothing.

The only one who benefits from it are the people who get a lot coins for just one price at the auction.

It may drop the price a little when a few of the newbies start selling if it does not start a little panic then very little will happen, 2pm so has it just finished i am in th UK?

The buyer will most likely hold them coins for the long term so not much to worry about them dumping

Still, after watching the exchanges and the decrease in sell-offs the last few days, yes, I too believe that there might happen something very surprising what we haven't expected from this auction thing.

My take... Yawn.

From what happened in previous auctions, bitcoin price will go down.