Well let's see how high this BTC rise goes before it slumps back down. These next few weeks should be interesting!
If GAW played the bounce perfectly and closed their gigantic short they opened at 550-600 (my favorite explanation for the statistically impossible Zenpool payouts when Primes were $16-$20), then anyone who bought with BTC when it was so much higher can now be safely paid ROI+profit in BTC terms with GAW making a considerable margin. I would not be surprised if Zenpool payments begin to average a bit higher even before fees.
Counter-intuitively, anyone who recently purchased GAW products with 2xx or low 3xx BTC will now have their likelihood of ROI'ing in BTC become increasingly unlikely if BTC continues to go up in price, even as their likelihood to ROI in converted fiat increases.
Lastly, anyone who purchased 2xx or 3xx BTC could instead sell the amount they would have spent at GAW instantly make ROI plus 10-28% profit. That is about 200-260 days worth of mining at current Zenpool rates.
Personally, I think we will revisit 300 again even if only in a flash crash in the middle of the night. Still, great couple of days so far!
I have a stop loss at 340 (bought some between 290 and 320ish). Normally I'd just hold until 600+, but I got overexcited and bought too much... luckily it recovered as quickly as it did
I don't know if I would believe GAW to be the financial geniuses to make a play like you're describing. I mean they are struggling with so many things from software development to customer support every week and this would require some major cojones to pull it off. Not impossible but unlikely.
What's your opinion on this: "We’re developing a neat technology that allows anyone to buy from the sites they, like using bitcoin…
…Even when those sites don’t accept bitcoin." I'd be fearful if it has the same level of quality as their cloud
