Allow me to concur with
americanpegasus in my wordy way.
If someone put a big buy wall (maybe 20BTC+) at the current price do you think it would just sit there or would people dump into it?
Asking for a friend.
What is your intent? If it's to artificially prop up the price, please don't bother.
Especially since it's likely to be futile. Vacuuming up the buybook doesn't do much for the price, except temporarily, because other folks don't see any real reason to jump in - except on the sell side. Pumping is a dark art that revolves around social engineering, not (just) having lots of BTC to throw around.
And even if someone you know is skilled at that dark art, an all-out pump causes more problems than it solves. Sure, a real pump jacks up the price and even keeps it higher than otherwise over a long period of time, but it ends up calling forth some dark emotions. Case in point: Horizon, before I got involved in it, was pumped by the most notoriously successful pump group around here. The result was quick profits for some - and a lot of recriminations. One of the original members of the Horizon dev team ended up quitting as a result of those recriminations and squabbles.
If you honestly wish to absorb 20 bitcoins at these prices, feel free. You will likely end up owning 1 - 2% like me and being an Aeon Leviathan.
And if you're going to do that, your hold time had better be "forever." I've done that myself, with Horizon, but I'm now focused on what I can
do with the Horizon platform rather than with its price. Consistent with that aim, I've thrown some BTC into other coins and I'm watching
their prices with an eye on how much I've made - but not Horizon's. If you want to be an Aeon Leviathan, this attitude is the best one to take. You will find that it's fun thinking about what you can
do with Aeon once you break out of the "penny stock" habit.
Alternatively, hit the ask a little every day for a month or two.
That's exactly how I got my minnow-sized holding of Aeon, now 10'000 worth. The advantage of doing it this way is that it inclines you to think longer-term about the price; it induces you to be patient. Formalized, this way is known as "
dollar-cost averaging" and it does work. Sometimes you buy high, sometimes you buy low, but in the end you tend to get a better average price than the average punter.
Alternatively alternatively, go full autism like I did and slam your bitcoins again and again into the ask stack, getting drunk and yelling slurs at your monitor while confusing bots and humans alike. I can attest it's *almost* worth paying the premium.
"Pay for the privilege."
At least, you'll have a Leviathan-sized brag.
I also promise your wall, should you erect it, is safe from me - can't promise anyone else.
Trust me on this one: it won't be. See above.
