Well, I have to hand it to our resident butt enthusiasts, that while the price of bitcoin did take a shit for an hour or two after the ETF debacle liberation it was bought back up fairly quickly and we're now back up to ATH, for all intents and purposes.
Somebody was waiting to snap up all of those cheap coinz. But who? Those butters who brag that their average cost is $300, are they the ones buying $1200 coins? I kind of don't think so. And, as it's a snow day and I'm day drinking, I'm starting to think that maybe those coins were not bought in spite of the pending fork but in anticipation of it.
Common economic theory would say that the forkening will be bad for bitcoin, or at least its price. But if there's one thing about butts it's that common economic theory has no power here. What if someone is trying to hoard coins to establish an economic super majority on one side of the fork? Didn't one of those dudes say that they had $100 mil that they were going to spend toward pushing the fork toward BU? Between Ver's stash and this ghost investor, maybe they're ensuring that the majority of non-satoshi coins will favor the BU split.
Does this make sense? Am I already hammered?
[–]StartUpTheRotors 0 ポイント1 ポイント2 ポイント (0子コメント)