It's a hypothesis, thus no 100% proof. Still I can imagine that given the long-term optimism on Bitcoin's value some might consider the dip in question one of the last really good opportunities to get in - 'all' in (worth an extra transfer).
Interestingly we're going green right now (48h) so either the theory is:
- simply false
- correct but self-destructing since people are buying in anticipation, effectively erasing any 'all-in' incentives the Tuesday investors might have had to transfer big money.
Interestingly we're going green right now (48h) so either the theory is:
- simply false
- correct but self-destructing since people are buying in anticipation, effectively erasing any 'all-in' incentives the Tuesday investors might have had to transfer big money.
Well, the price fell during the weekend (it's not 48h). Its rising might be caused by European and Asian investors since there's no Monday holiday. I expect it to rise some more, even though I have no idea what the week's maximum will be. What is your guess?
Also, I'm anticipating a larger crash because of Pirate's default. When is he originally supposed to pay out?
Europe and Asia: good point. I neglected a third possibility, which is that the rise in question has nothing to do with the theory at all.
Pirate: is there a possibility he is already priced in? The scam has become pretty obvious to most by now.
