JayJuanGee
Legendary
*
Offline Offline

Activity: 1932
Merit: 1825


How much alt coin diversification is needed? 0%?


View Profile Personal Message (Offline)

Ignore
June 20, 2014, 06:50:58 PM

There is a timing problem with the 'buy to dump immediately on exchanges' scenario: [ ... ] The buyer has to be cautious with respect to market movement 27th June - 3rd July.
Yes, he must include that forced delay in his estimate of how much money he would get if he got those coins.  It is irrelevant for the optimistic bidder, very important for the pessimistic bidder.


The delay is does NOT make any difference whether a person is optimistic or pessimistic... but it would likely weed out some short term manipulations.  In that respect the delay affects long term versus short term calculations regarding those coins. 

NONETHELESS, i believe one theory is that many of the bidders would likely already hold a large number of coins - and accordingly, their total investment in bitcoin could be enhanced by any kind of manipulative affect from the coin sales...