Bitcoin Forum

Economy => Speculation => Topic started by: wobber on April 21, 2013, 12:01:09 AM



Title: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: wobber on April 21, 2013, 12:01:09 AM
Is anyone willing to buy just one coin, at the same time with me, just to experiment?

The only rule is 1 btc. Not 0.1 increments. I want to see that little butterfly triggering a hurrincane :P

I do not ask anyone to join, I just want to know if there is any trader that might want to make a coalition. You then can sell any time (yea, even next second).

If 7 more people are in, I'll disclose the hour for Sunday April 27th. So far myself and 2 friends.


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: Kazu on April 21, 2013, 12:04:00 AM
Is anyone willing to buy just one coin, at the same time with me, just to experiment?

The only rule is 1 btc. Not 0.1 increments. I want to see that little butterfly triggering a hurrincane :P

I do not ask anyone to join, I just want to know if there is any trader that might want to make a coalition. You then can sell any time (yea, even next second).

If 7 more people are in, I'll disclose the hour for Sunday. So far myself and 2 friends.

I don't have any Gox money. If I would, I'd totally join. Is it worth selling just to get in at the same time as you?


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: RenegadeMind on April 21, 2013, 12:05:21 AM
I'd have to sell first, then count on it to drop so that I could afford to buy it back. :)


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: wobber on April 21, 2013, 12:06:21 AM
Is anyone willing to buy just one coin, at the same time with me, just to experiment?

The only rule is 1 btc. Not 0.1 increments. I want to see that little butterfly triggering a hurrincane :P

I do not ask anyone to join, I just want to know if there is any trader that might want to make a coalition. You then can sell any time (yea, even next second).

If 7 more people are in, I'll disclose the hour for Sunday. So far myself and 2 friends.

I don't have any Gox money. If I would, I'd totally join. Is it worth selling just to get in at the same time as you?

Thanks Kazu, no, please don't sell, maybe you'll have to buy higher. I'll wait for others.


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: ElectricMucus on April 21, 2013, 12:07:08 AM
Hey y'all, how'd you like to buy a Bitcoin?  :D

https://i.imgur.com/nwfB1aA.gif


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: wobber on April 21, 2013, 12:08:52 AM
Nice, but you are making me look the man selling the bitcoin...

I'm just asking the people that are willing to buy regardless...


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: ElectricMucus on April 21, 2013, 12:11:41 AM
Sorry, that just did fit too well. ;)


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: wobber on April 21, 2013, 12:13:14 AM
Sorry, that just did fit too well. ;)

Yes, it was funny.


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: Kazu on April 21, 2013, 12:13:52 AM
Delay the "coalition" one week and next week's wire would have probably come in :)


Title: Re: Buying coalition for Sunday April 27th - Butterfly Experiment
Post by: wobber on April 21, 2013, 12:14:55 AM
Delay the "coalition" one week and next week's wire would have probably come in :)

AGREED!


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: Xiaoma on April 21, 2013, 12:19:35 AM
Delay the "coalition" one week and next week's wire would have probably come in :)

If there is no "price correction" in the next couple days, next week price of a BTC could pass $160


Title: Re: Buying coalition for Sunday - Butterfly Experiment
Post by: Kazu on April 21, 2013, 12:21:49 AM
Delay the "coalition" one week and next week's wire would have probably come in :)

If there is no "price correction" in the next couple days, next week price of a BTC could pass $160


I know, thats why I'm screwed.


Title: Re: Buying coalition for Sunday, April 27th - Butterfly Experiment
Post by: wobber on April 21, 2013, 12:27:39 AM
It was a mistake for my part to ask for tomorrow so will remain for next week.

My advice is not to buy for this experiment, only if you really want to participate. Otherwise just buy if you really plan to trade on that day.

I will disclose the hour of that day after I get 10 people in. You can PM me if you want to be anonymous or something.


Title: Re: Buying coalition for Sunday, April 27th - Butterfly Experiment
Post by: Kazu on April 21, 2013, 12:59:51 AM
I already have proposed this, but since this seems to be an "organized buying" thread, I figure its worth another shot.

https://i.imgur.com/SxWYRi8.png

This is just an idea of a way a group could potentially help stabilize bitcoin rather than following the usual volatility-inducing day-trading techniques.


A "slope" would be created as described following a supply line as displayed, such that the total amount in the amount being traded is equal to the "excess supply" (i.e, red shaded regions) before the slope. Note the next "excess supply" after the original (i.e, the red shaded region near $150) A "floor" is created 1 cent below a natural support level. If the price hits the floor, you buy and fill in the asks to meet the slope (I.e, slowly fill in the green regions below slope). When the buffer region (the green region before wall) exceeds total excess supply, the floor is repositioned.

Just wondering if anybody thinks this is a good idea.


Title: Re: Buying coalition for Sunday, April 27th - Butterfly Experiment
Post by: wobber on April 21, 2013, 02:56:05 AM
It's a great idea.

Individuals fail. Teams prevail.


Title: Re: Buying coalition for Sunday, April 27th - Butterfly Experiment
Post by: hubbabubbabaker on April 21, 2013, 03:03:18 AM
I'm in.


Title: Re: Buying coalition for Sunday, April 27th - Butterfly Experiment
Post by: wobber on April 21, 2013, 03:18:29 AM
I'm in.

Great. Please popularize, if you know others interested.

I also think we could have competition, organized groups that will sell maybe 2 BTC to distrupt us :P


Title: Re: Buying coalition for Sunday, April 27th 1pm GMT - Butterfly Experiment
Post by: wobber on April 21, 2013, 05:18:04 AM
Time is 1pm GMT.



Title: Re: Buying coalition for Sunday, April 27th - Butterfly Experiment
Post by: Birdy on April 21, 2013, 05:30:05 AM
I'm in.

Great. Please popularize, if you know others interested.

I also think we could have competition, organized groups that will sell maybe 2 BTC to distrupt us :P
That would make it even more difficult to judge what just happened ôo
(Maybe people will do it anyway)
Sadly I have no account at Gox.


Title: Re: Buying coalition for Sunday, April 27th - Butterfly Experiment
Post by: mp420 on April 21, 2013, 05:35:19 AM
I'm in. But this is because April 27th 2013 is a Saturday.

I'm buying 1 BTC on Sunday, April 27th, 2014.


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: wobber on April 21, 2013, 05:36:54 AM
I'm in. But this is because April 27th 2013 is a Saturday.

I'm buying 1 BTC on Sunday, April 27th, 2014.

Oh, damn! I'm using this calendar for US, it end with Saturday! Changed it!


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: wobber on April 27, 2013, 09:54:40 PM
Just a reminder for this.

I have already put a bot. I will buy at exactly 13:00:13, will let others to buy lower than me. I will sell that coin only when price doubles.



Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: seleme on April 27, 2013, 10:58:43 PM
I won't buy but I'll sell later if you pump it, I promise  ;D


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: SAQ on April 27, 2013, 11:37:37 PM
So, this is like in 23 minutes now? Or has it already happened?


Title: Re: Buying coalition for Sunday, April 27th 1pm GMT - Butterfly Experiment
Post by: notme on April 28, 2013, 01:41:30 AM
So, this is like in 23 minutes now? Or has it already happened?

Time is 1pm GMT.



Reading is hard...  11 hours, 18ish minutes to go, not that I'm participating.


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: mmortal03 on April 28, 2013, 04:46:58 AM
http://www.timeanddate.com/counters/fullscreen.html?mode=a&year=2013&month=4&day=28&hour=13&min=0&sec=0&p0=211&msg=Butterfly%20Experiment (http://www.timeanddate.com/counters/fullscreen.html?mode=a&year=2013&month=4&day=28&hour=13&min=0&sec=0&p0=211&msg=Butterfly%20Experiment)


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: AmazonStuff on April 28, 2013, 06:12:15 AM
I hope that you are aware of MtGox statistics:

30-day Volume: 4,714,294.44347162 BTC

30-day Volume (Currency): 535,113,600.90 USD


Good luck, but honestly I think it will be like paddling with spoons on Amazon river.


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: Kazu on April 28, 2013, 06:17:31 AM
Im not cool enough for a bot. Im ready though.


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: massivebitman on April 28, 2013, 07:23:05 AM
One bitcoin x 10 is not going to do anything!

So if you get 10 people, you'll see 10 bitcoins being purchased on bitcoinity?

How is that any different from normal?

If you can rally up 200 people, buying 10 coins each I'd join in (unfortunately this means I'd have to sell my coins first :P).



Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: b!z on April 28, 2013, 07:43:10 AM
Is anyone willing to buy just one coin, at the same time with me, just to experiment?

The only rule is 1 btc. Not 0.1 increments. I want to see that little butterfly triggering a hurrincane :P

I do not ask anyone to join, I just want to know if there is any trader that might want to make a coalition. You then can sell any time (yea, even next second).

If 7 more people are in, I'll disclose the hour for Sunday April 27th. So far myself and 2 friends.

http://en.wikipedia.org/wiki/Prisoner's_dilemma


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: SAQ on April 28, 2013, 11:55:02 AM
So is this like in 5 minutes now?


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: wobber on April 28, 2013, 03:13:57 PM
I hope that you are aware of MtGox statistics:

30-day Volume: 4,714,294.44347162 BTC

30-day Volume (Currency): 535,113,600.90 USD


Good luck, but honestly I think it will be like paddling with spoons on Amazon river.

Yes, I am aware of that. I am not expecting great results.


Title: Re: Buying coalition for Sunday, April 28th - Butterfly Experiment
Post by: wobber on April 28, 2013, 03:31:34 PM
Thank you all, both participating and non-participating.

See this.


http://imgur.com/PLx9w8p