Is the Avalon BITCOIN only preorder driving the Price UP?

[1Pakis]

I think yes.
What will happen when they will need FIAT money from the BTC they get?
Probably fall back below $20 again.

[1714879492]

1714879492

[1714879492]

1714879492

[ElectricMucus]

That sounds reasonable to assume.

[smoothie]

From what I gather the part manufacturer they are purchasing from accepts BTC. So may be a few days/weeks before you see any cashing out.

[1Pakis]

I really hope so

[smoothie]

User buys BTC @ $20. AVALON buys hardware from mfg when bitcoin is at least $21. MFG sells bitcoin at least at $22. There you go. We are at $22 easy.

[1Pakis]

Let say they are working with 50% profit.
Today they will get about 45000BTC (75BTC x 600 units).
If MFG get 22500 BTC and dumps them for FIAT, $22 will not last for very long.
That why I say we may see less than 20$ soon.

[smoothie]

Let say they are working with 50% profit.
Today they will get about 45000BTC (75BTC x 600 units).
If MFG get 22500 BTC and dumps them for FIAT, $22 will not last for very long.
That why I say we may see less than 20$ soon.

They wouldnt be that stupid to dump to lower than a price that they accepted bitcoins for goods. DUH lol

[ElectricMucus]

Let say they are working with 50% profit.
Today they will get about 45000BTC (75BTC x 600 units).
If MFG get 22500 BTC and dumps them for FIAT, $22 will not last for very long.
That why I say we may see less than 20$ soon.

They wouldnt be that stupid to dump to lower than a price that they accepted bitcoins for goods. DUH lol

Well there are people out there whose goal is to make em to just that. Mr.M for instance.

[jl2012]

Let say they are working with 50% profit.
Today they will get about 45000BTC (75BTC x 600 units).
If MFG get 22500 BTC and dumps them for FIAT, $22 will not last for very long.
That why I say we may see less than 20$ soon.

They wouldnt be that stupid to dump to lower than a price that they accepted bitcoins for goods. DUH lol

And if they are clever enough, they should have accumulated a lot of BTC before the announcement:

1. Accumulate a lot of BTC from $13 to $17

2. Announce their 2nd batch which accepts BTC only

3. BTC/USD rate increases as demand increases

4. People buy BTC to pay for pre-order, they sell their BTC to them at current rate ($19.5-20.5)

5. They earn 15-50% profit in USD, and get all BTC sold in step 4 back as pre-order funding.

Since they have already got 15-50% extra profit in USD, they will use this to build 2nd batch and keep all BTC as profit and don't need to dump them right away.

[Beepbop]

If they don't care to hold BTC, they'll just sell them back to the market as they come in, getting the same effect though not quite as pronounced.
What is going to potentially crash the market is all those who bought BTC to order an Avalon batch 2, but failed to buy one because they ran out.

[1Pakis]

2 hours 30 minutes to preorder

[Phoenix]

https://bitcointalk.org/index.php?topic=139704.260

what now then? 

[1Pakis]

don't know