Post
Topic
Board Speculation
Re: GABI to start trading on 9/1
by
Hyena
on 01/08/2014, 14:20:30 UTC
OK.. so on the front of pure unsubstantiated speculation....

1) buy OTC, sell on market to drive price down, setting artificially low "opening price"
2) "open fund"
3) buy on market for 30 days driving the price up
4) produce slick marketing campaign:  " GABI UP 50% IN FIRST MONTH !!!! "
5) open fund for trading
6) profit.




Good idea but won't happen with perma-hodlers such as myself. During the last bubble some smartass attempted to buy a couple of bitcoins directly from me. I knew the prices would be much higher in 4 days that it would take to get the cash to the exchange and buy back the bitcoins. So I asked 20% higher price for the coins than the current market price was. The guy got pissed and said I'm asking too much. He later bought the coins with a credit card, I believe using btc-dealer.com (now defunct). Protip: when selling bitcoins OTC, always take a shit load of premium!