Quite obviously this market is victim to heavy manipulation and very likely secret price agreements among large stakeholders.
My question now is - and I am very much aware that this is dangerous territory - what do think about forming a bitcoin guard whose members would act together to keep bitcoin strong. By that I am mean for instance establishing a buy wall in case of mass panic sell or price manipulation. If for example all buyers who bought around 600 euros ( so from 580 to 620) would have joined forces and set buy orders at for instance 610 it would have had a tremendous stopping power, especially psychologically, because it would have conveyed security and stability.
Of course speculators would see limited potential gains, but I still believe that most of us want bitcoin to succeed in the long run.
The actions would be solely publicly discussed and executed which could draw more and more willing contributors in.
Potentially of course large bitcoin holders could still be able use this information for their own agenda but in the long run it may help to stabilize bitcoin.
So what do you guys think? Am I crazy because I didn't sleep for 24 hours? Too regulative for a concept that should originally help us free ourselves from regulating authorities?
My question now is - and I am very much aware that this is dangerous territory - what do think about forming a bitcoin guard whose members would act together to keep bitcoin strong. By that I am mean for instance establishing a buy wall in case of mass panic sell or price manipulation. If for example all buyers who bought around 600 euros ( so from 580 to 620) would have joined forces and set buy orders at for instance 610 it would have had a tremendous stopping power, especially psychologically, because it would have conveyed security and stability.
Of course speculators would see limited potential gains, but I still believe that most of us want bitcoin to succeed in the long run.
The actions would be solely publicly discussed and executed which could draw more and more willing contributors in.
Potentially of course large bitcoin holders could still be able use this information for their own agenda but in the long run it may help to stabilize bitcoin.
So what do you guys think? Am I crazy because I didn't sleep for 24 hours? Too regulative for a concept that should originally help us free ourselves from regulating authorities?
"I want to stop manipulation by manipulating."
