Quote from: AliceWonder on June 13, 2013, 10:19:30 AM

Quote from: linuxer on June 13, 2013, 09:21:47 AM

Quote from: worldinacoin on June 13, 2013, 09:18:31 AM

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.

it looks like you are confusing many things. there is no laws in bitcoin but decisions of majority. there is no such a thing like overvalued bitcoin because it has to have big value to be useful because of its limited quantity. and the last thing people buying stuff or transferring money with bitcoin might not need to even know its value because it is irrelevant when you buy bitcoin to buy something right away using them.

there is no such thing like short term better. the higher price of bitcoin and the more merchants the better.