If pirate sold the majority of the coins into the market...

[smoothie]

I think this would be very bullish on the price....

I think this is much more likely to be true than he has the coins because it would have taken him no more than 24 hours to return all the bitcoins if he had them, which now proves he doesn't.

EDIT: If he already sold them over time...

[niko]

I think this would be very bullish on the price....

I think this is much more likely to be true than he has the coins because it would have taken him no more than 24 hours to return all the bitcoins if he had them, which now proves he doesn't.

EDIT: If he already sold them over time...

The fact that he's not returning the coins doesn't mean he has sold them all. He may be waiting for people to buy back in under the presumption in OP.

[N12]

We have enough pirate threads by now, don't you think?