can't wait till the market takes dump #2.
pirateat40 is a daytrader, he needs a low price to buy back all the coins. at the moment he has not enough coins but fiat money.
You dont know that, and its very unlikely. But if indeed Pirate doesnt have most of the coins he owes, he and his investors are in deep trouble. Good luck trying to buy 10s or 100s of 1000s of coins without BTC exchange rate shooting through the roof.
Moreover, whatever pirate is doing, and assuming its not a ponzi/scam, if he needs to trade btc for $ or vice versa, it would be in his interest not to say if he is long or short on coins and in fact give the opposite impression. Just saying he needs to buy 100K BTC would cause a huge price increase. Likewise, if he plans to sell out, he would most likely say or imply the opposite to ensure a better price for his coins.
To think Pirate is just showing you his cards is naive, or assuming Pirate is naive.
He's either a little short or very short. But he's delaying his payments and increasing his debt to the tune of 7% a week. "A little short" considering the total amount is most likely still in the thousands or tens of thousands. Whether he plans to make this money mainly through trading, or through GPUmax or though other businesses, or though a combination of things, remains to be seen. Looking at the valuation graph I'd say he's trying to play the market, but too many people are looking to load up coins. We will see where this is going within 10 days tops.