Bitcoin Forum

Economy => Speculation => Topic started by: josiahgarber on March 28, 2013, 09:54:48 PM



Title: If I wanted to buy cheap bitcoins...
Post by: josiahgarber on March 28, 2013, 09:54:48 PM
and I had a lot of money to throw around.  I would buy into bitcoin over a certain time period, DDOS one of the main methods (Dwolla) for converting fiat to bitcoin, sell my large position in bitcoin, wait for others to follow and the price to drop, then begin buying at a much lower price. :-)

What do you think?


Title: Re: If I wanted to buy cheap bitcoins...
Post by: Ozymandias on March 28, 2013, 10:23:30 PM
and I had a lot of money to throw around.  I would buy into bitcoin over a certain time period, DDOS one of the main methods (Dwolla) for converting fiat to bitcoin, sell my large position in bitcoin, wait for others to follow and the price to drop, then begin buying at a much lower price. :-)

What do you think?

I think that's either exactly what happened, or the ddosing of dwolla being a happy coincidence for the dumper. The important thing is being able to buy some more before it corrects back to the 90s+!