After learning that some poor lady bought $24000 worth of paycoin at $14 a piece, I thought I'd never say this....I hope we are all wrong just for the investors sake. History and SEC investigations don't help any though. Some people on that forum were mentioning some people actually took out loans to buy this turkey.
And that sell wall(80BTC), I was watching in real time burned through in around 2 min, due to the relative small size I'd say it's an individual. If it were GAW themselves it would be more like 500BTC or 1000BTC to stop the losses. I've never seen that ever period. I guess there may be some money to be made if you wait until it tanks more and then sell slightly up at the inevitable mini-pump before Feb 1st's "announcement" whatever that is. Man...those poor people. We've all been burned at one time or another but wow.
Yup, it sucks. But it's a good thing to keep in mind whenever you make an investment. It can always go south, hedge your bets. Think about the max you can lose comfortably, and use half of that. Don't ever borrow cash unless you know for a fact you can pay it back without a problem.
I mentioned that once on hashtalk and that fuckface rootdude ripped into me because I was "acting high and mighty" because I suggested people be careful. I got tempbanned because I offered good investing advice. He starts verbally assaulting people and gets made into a mod.
Here's hoping his GAW pumping earns him a nice place in hell next to Homero.