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1  Economy / Trading Discussion / Can collective action actually influence the crypto market? on: August 27, 2024, 01:36:07 PM
I’ve been thinking a lot about how unpredictable the crypto market is. We all know trying to accurately predict the ups and downs of a coin is near impossible—there are just too many factors. But recently, I came across a strategy that got me thinking about things a bit differently. Instead of focusing on predicting the market, what if we could actually influence it together? I stumbled upon this concept where a group of people work collectively to create demand for a coin. The idea is that if enough of us buy a specific coin at the same time and set our sell prices slightly higher, the market reacts to that demand, and the price gradually moves up. The catch is, this only works if enough people are involved. There’s a group I joined that’s currently building up numbers to try this out. The plan is to get a solid group together before we start, so the strategy can actually work. I’m curious to see how it plays out, especially since they’re sharing some pretty interesting examples of when this kind of collective action has worked in the past. Have any of you heard of this approach before? Or know of similar strategies? If you’re interested, I can share the link to the channel where this is being organized.
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