Quote from: kibblesnbits on September 28, 2014, 01:14:16 AM

Quote from: Jamie_Boulder on September 27, 2014, 02:55:09 PM

Yay, more encouraged 'investors' inflating the price and ruining it for us that actually want to use our Bitcoins...

Exactly. He bought 30k coins for what, ~$600 each? He'll dump as soon (or if) BTC hits $1,200.
I don't think he realizes that these "pie in the sky" ridiculous forecasts actually makes the whole thing look like a pump 'n dump.

Ah, I see Tim Draper discusses his financial plans with you. In case you happen to not be his financial advisor or confidante, give this article a scan:

http://pando.com/2014/07/02/digital-currency-utopia-tim-draper-wants-to-use-his-30000-new-bitcoins-to-boost-emerging-markets/

A notable quote suggesting he's not looking to dump, "Draper opened the event with a few prepared remarks, focusing on the potential for bitcoin to impact emerging market economies, where unstable fiat currencies and limited access to financial services severely limit commerce. Its with this outcome in mind that Draper has partnered with his portfolio company, Vaurum, to use the newly acquired coins as a source of liquidity in these developing markets."

If you didn't watch Draper's remarks in response to the news that he had won the auction, then please do. He's clearly not looking to pump and dump, and he makes it clear when questioned during his comments that he is not interested in the price right now, but maybe in 5 years or 10 years. He's interested in building infrastructure, and if that "pumps" the price, it pumps it in a fundamental way with staying power.

Please stop posting poor assumptions as facts.