Quote from: puwaha on December 18, 2014, 11:03:01 PM

Quote from: cryptofunk on December 18, 2014, 10:48:02 PM

Quote from: puwaha on December 18, 2014, 10:27:32 PM

They don't have to *BUY* any coins. They already have them!

Why would would you as a builder go buy cheap plywood when you already have enough for the job? Sure, it's cheap plywood, but all the money you have to buy the cheap plywood is spoken for... to pay the construction guy's salaries for a while. What are you going to tell your contruction guys... sorry, I spent all your salaries on more cheap plywood?

You're missing the point, people are buying it below $10 to dump it for $20 next week. Keeping the $5 example, if GAW buys it today it costs $5, if they don't and someone else does they will have to buy the SAME coin for $20 next week.

I'm not missing the point. You guys are missing the point that GAW doesn't have to buy any coins. They already have the coins they need to fulfill the HP->XPY conversion. Please acknowledge that you understand this before moving on.

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Buy today: It costs GAW $5 and they can sell it next week for $20

They don't need to sell the coins. They need all the coins they have now in order to fulfill the HP->XPY conversion (and stake the prime controllers). If they sell off the cheap coins, they are needlessly wasting their floor money on coins they don't need.

They need the floor money to keep the value at $20 once paybase opens and people can start working with their XPY there.

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Don't buy today: someone buys it for $5 and sell it to GAW next week for $20, it costs GAW $20

So people are wondering why they aren't buying right now if there is a $20 floor...

Arbitrage.

As soon as they complete the HP->XPY conversion, they are going to need a shitload of BTC to cover those who decide to cash out their XPY.

Then they are going to need another shitload of BTC to cover all the miners who held their coin to cash out their XPY.

Then they are going to need yet another shitload of BTC to cover all the speculators (ie, mostly their own cultists) who bought XPY on the exchanges in hopes of arbitrage.

That my friend is going to be a hell of a lot of BTC going out the door on monday so they better have a damn big BTC wallet ready to go.