But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
That seems like a fairly baseless assumption to me.
How so? If people get their coins back, do you not think that many of them will sell to try and get out?
But it isn't done yet. Pirate hasn't paid everyone back yet. If he does, it will most likely result in a flooding of the market which will drop the price. If he runs off, the market will rally as everyone who invested with him tries to get back into the game.
Meh, price will go down either way.
Why do you think it will go down if he runs off?
Loss of confidence, hampering the bubble we had.
I think the value without megabulls is below $10.
While some may lose confidence, I think there is a fair sized group of people that will want to make back what they lost.
Also, jwzguy, while yes, there are many who are people like you who are investing because of a loss of confidence in fiat, there are others who invested purely to make a profit. Since they will have made significant profits thanks to Pirate, I think that many of them will want to get out of this somewhat volatile market so that they don't risk losing these profits.