It just boggles my mind that someone will play around with 2mil in cash in a market like this. I wonder how many BTC he has?
Zero. And just learned about Bitcoin, how amazing it is, and wants a long-term holding like Winklevii, Exante and Keiser?
If someone really wanted to get in at 110 with 2 mil, I think they would put a much smaller wall there and then reinforce it as it gets eaten
Unless they don't give a shit because they HAVE 2 million to play with
You don't earn $2m by screwing around like that.
That's not entirely true. Inheritance, Trust Fund, Lottery, Someone who has made millions and has been studying BTC and decided it was a good time to try it out, Someone who feels like for that price it would be worth scooping them up, someone who dumped them for profits and now realizes they aren't dropping low enough so he is cutting his losses, etc. etc