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 this is almost criminal.
ABSOLUTELY NOT do I hope we are all wrong for anyone's sake. Anyone that dropped that kind of money into Paycoin @ $14 and held is a complete fucking moron and deserves to lose their money. They had to have done absolutely no research whatsoever outside of HT if they did any at all. Guess what? Poor ladies don't have $24,000. I feel sorry for no one that got into anything GAW that late in the game. The only ones that did that acted out of pure greed and ignorance. They need to learn a lesson. However, Josh still is at fault for his countless lies and should be forced to forfeit anything and everything he has when paycoin, paysave, paybase, payflash and paywhateverthefuckhemakesupnext finally crumbles to the ground.