Post
Topic
Board Bitcoin Discussion
Re: Calling On The Smartest Bitcoin Pros In The World
by
giletto
on 16/03/2014, 07:28:38 UTC
let me rephrase that with more elaboration

let's say that btc on monday is $650, and a bitcoin club member (Barry) believe it should be valued at $675 by Wednesday.  It is up to Barry to educate, defend, or argue his case for the club to adopt his recommendation.  Barry is likely to point to charts history, media, btc community sentiment, and perhaps other technical or conditional reasons for the recommendation, but when he's done he will essentially ask the club to buy Btc given certain specifications for purchase.   That recommendation (with list of particulars) will be presented to the club for a majority vote, if the club votes yes, then as a club they do as the recommendation advises, if they vote no then the recommendation is dead.

so the vote is on what barry is presenting, which includes a cryptocurrency, a price, a date, a buy/sell directive, etc ... everything so that each member could properly analyze the recommendation and vote accordingly.
It's simple called a price-gouging. If you are interested in this shady business just switch to altcoins, there are many pump and/or dump action similar to your plan.