What I don't get about this whole story is how this is profitable.
He bought ~8000 coins on the way from $113 to $115 and almost 2k of them for $115.
During this time ~6000 coins got sold, alot of them in his walls for ~$113.
So let's just say he ended up with ~10000 coins for an average price of $114.

Today someone pushed us back down to $110.5, now we're at $111.
So right now he lost about $30000...

Am I missing something?