Post
Topic
Board Bitcoin Discussion
Re: Who is playing the stonewalling game? Or is it something else..
by
oOoOo
on 30/06/2011, 23:10:17 UTC
What if some of the early adopters with a few hundred thousand BTC in their pockets made a pact to "stonewall" / "fence" prices in between a window, say 14-18$, or maybe an only sloooowly sliding window (say 0.1$ more a day?)

I thought about this before. The conclusion:
Such a "stonewall" can only be sustained for so long. Whoever tries this will slowly drain their coin supply until they eventually dry out. After that the price will shoot through the roof because the artificial "suppression" will suddenly give way.

Alternatively they can act to slowly increase the price which might provide some stability until, again, they run dry.
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