price is rising as a reaction to someone trying to buy a lot, that is all.
Agree.
once hes done buying.... price is going to go back down to about 7 - 8
Disagree. After he's done buying, the number of coins available/on the market will be half a million dollars worth fewer. It's unlikely the price would settle so low after so many on-market coins are removed. Also account for lingering speculative froth from participants knowing a rich guy has bought in to the system. And there will be more rich guys...
i agree, the fact that there is less coins will add value to all the other coins, sure. But he bought most of them at 6.50, so exactly how much more value should each coin be once hes done? It shouldn't be the high price his last few coins were bought at... i think < 8$ is a good possibility IF hes done buying.