Post
Topic
Board Economics
Re: Stock bitcoins and stop selling. Let price go above 200$
by
AliceWonder
on 13/06/2013, 10:19:30 UTC
I beg to differ, try not to stock bitcoins but use them as much as possible for transactions with bitcoin friendly merchants, supporting them equal supporting Bitcoin.

Use them on sites to buy stuff, but don't do trading and sell them for 110$ for some days.
Cancel your current sell order and place a new one with 200$ price.

If even 30%people on this forum do this, bitcoin's price will rise and it will return to it's glory.

Might work in short term but I suspect there are laws against any such collusion and it really will only work if the major holders agree to do it, and the result will be many people refusing to buy because it is over valued.

Without buyers it will correct, putting bitter taste in mouth of those who bought on way up.

Just let the market be the market.