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But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
That seems like a fairly baseless assumption to me. How so? If people get their coins back, do you not think that many of them will sell to try and get out? But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
Meh, price will go down either way. Why do you think it will go down if he runs off? Loss of confidence, hampering the bubble we had. I think the value without megabulls is below $10. While some may lose confidence, I think there is a fair sized group of people that will want to make back what they lost. Also, jwzguy, while yes, there are many who are people like you who are investing because of a loss of confidence in fiat, there are others who invested purely to make a profit. Since they will have made significant profits thanks to Pirate, I think that many of them will want to get out of this somewhat volatile market so that they don't risk losing these profits. |
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But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
That seems like a fairly baseless assumption to me. How so? If people get their coins back, do you not think that many of them will sell to try and get out? Why would they? If they get paid back, it's not like they got burned. True, and this is purely speculation, but I believe that after having someone else sitting on their coins for so long and after making large profits, that people will be inclined to convert at least some of their coin to fiat |
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But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
That seems like a fairly baseless assumption to me. How so? If people get their coins back, do you not think that many of them will sell to try and get out? But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
Meh, price will go down either way. Why do you think it will go down if he runs off? |
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But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
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Personally, I believe that the market is going to drop even further than it did over the weekend. Maybe it is just that I have good faith, but I believe that Pirate will soon start paying everyone what they are owed. Once that happens, hundreds of thousands of coins will return to the market, many of which will be sold, flooding the market and bringing the prices down.
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[04:17] <@pirateat40> I'm handling the process as fast as possible. At no point did I say it would be fast and easy, I said it would be done. Thanks for your patience, I'm always watching. Stay tuned. Amazing how one could just refund the first few lenders as an act of good faith and just shut us all up. Instead... I think he likes the attention. I admit i find it all amusing though so it is a two way street. That wouldn't shut you up and you know it. He'll just wait until he's ready because full repayment is the only thing that will silence the peanut gallery. But wouldn't a slow start help quiet everyone? |
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[04:06] <@pirateat40> When coins being to move I'll let everyone know. BTW, No you can not buy your way to the front, so stop asking. If this was a ponzi he is putting on a great finale. Cannot buy to the front. Heh! But it could also easily just mean he wants to be fair to all users. Just another excuse to delay as would a ponzi. So it's just a toss up, he could be doing anything right now. |
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[04:06] <@pirateat40> When coins being to move I'll let everyone know. BTW, No you can not buy your way to the front, so stop asking. If this was a ponzi he is putting on a great finale. Cannot buy to the front. Heh! But it could also easily just mean he wants to be fair to all users. |
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<pirateat40> Trading vs Shutting Down is a much harder than just clicking a button. There is A LOT of money moving around and I want this done as orderly as possible. The process began last night and has been happening all day but its not something that happens over night. The repayment will begin with the earliest investors first, but its tricky cause some of them now run PPT accounts which isn't fair to some. When coins being to move I'll let everyon
<pirateat40> When coins being to move I'll let everyone know. BTW, No you can not buy your way to the front, so stop asking.
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Pirate just reappeared on #btcst, we may see some movement soon.
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Successfully bought 25 btc.
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-2 13hbcNKgSY8WsvFadi2MFrwuGQcNRcEvrN
Thanks for doing this!
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Hey everyone, I'm fairly new here but I've been interested in bitcoins for a long time. I finally decided it is time for me to start using them so here I am! I hope to talk with many of you in the near future.
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That's quite an intriguing article. I think that if it gets more publicity, it will really help spur interest in bitcoins among average citizens. Thanks for the link and I hope to read more from you in the future!
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I got mine by mining with my desktop a few months back, but I decided to stop because I felt like the payout wasn't worth the time and energy spent.
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