The buy wall

[guortates]

Hi,
I was wondering what if I launch a cryptocurrency which aims to be stable (not to go below a certain value) with an ICO.
Let's assume this currency is only listed on one exchange. So, I spend half of the Ether earned during the ICO to create a "buy wall" at the value the tokens where sold during the ICO. Of course, I can't guarantee that the buy wall won't fall (because it would mean spending 100% of the ether on the buy wall) but it would be a security for most people no ? Would the price stick to the value of the buy wall or just go up ? Is it a good strategy ?

Share your thoughts !

[Kakmakr]

A buy wall will only last for a while and then it will be like any other Alt coin with lots of volatility. Some people tried this with Bitcoin too, and the Buy Wall only lasted for a few days. Bitcoin and other Alt coins are volatile until the coins are spread evenly amongst more people. When you eliminate some of these whales, you already removed one of the elements that manipulate the markets for the coins.

Your strategy might work for a while and then everything will return to a volatile state, when whales eliminate the wall.

[guortates]

Yes but here it would be a huge wall because it would have the size of half the market cap (in the beginning) by investing half of the what was raised during the ICO. Maybe it could be more or less 50% of the ICO (just need to do some stats about who hold, what is lost etc...). Did a wall of that size every existed on Bitcoin ?

[xIIImaL]

A buy wall will only last for a while and then it will be like any other Alt coin with lots of volatility. Some people tried this with Bitcoin too, and the Buy Wall only lasted for a few days. Bitcoin and other Alt coins are volatile until the coins are spread evenly amongst more people. When you eliminate some of these whales, you already removed one of the elements that manipulate the markets for the coins.

Your strategy might work for a while and then everything will return to a volatile state, when whales eliminate the wall.

That price volatility always take us to reach big value in the chart only as time goes on. I am saying this for altcoins but bitcoin price will increase always so you invest at anytime definetely you will find the rate more than you bought. This how it works for everyone. With little we were able to buy the 100 bitcoin 2009 but we missed those time, atleast you can invest to get the big value in future.

[davis196]

Hi,
I was wondering what if I launch a cryptocurrency which aims to be stable (not to go below a certain value) with an ICO.
Let's assume this currency is only listed on one exchange. So, I spend half of the Ether earned during the ICO to create a "buy wall" at the value the tokens where sold during the ICO. Of course, I can't guarantee that the buy wall won't fall (because it would mean spending 100% of the ether on the buy wall) but it would be a security for most people no ? Would the price stick to the value of the buy wall or just go up ? Is it a good strategy ?

Share your thoughts !

I don`t understand the term "buy wall".Can you explain it?
So you want to use 50% of the ICO funds to back up the value of this cryptocurrency?
Currencies listed only on one exchange platform won`t survive,because the market demand for that currency is limited.If the demand is limited ,the market liquidity will be very limited as well.

[Herbert2020]

in other words you mean to manipulate the price!
not only you want to do an illegal fund-raising called ICO but also you want to do another illegal thing called manipulating the price. because that is what putting up a buy wall to prevent crash of the market means.

instead of coming up with ways to protect the price with tooth and nail, you should think of ways to protect the price with real development. create something that is really useful like bitcoin, and the price of it will go up on its own with the real demand it gains.

[rowingcola]

It's not a good strategy unless you have millions or billions of dollars. You are underestimating the number of sharks out there who are willing to spend a few millions just to eat you up.

[RoommateAgreement]

that is what all the altcoins have been doing, either the owner is putting up buy walls or the pump and dump groups with a whale that knows how to pump the coins. none of them have so far asked for money to do the pump and dump though, if you start an ICO then you will be the first to create the fist pump and dump ICO. you can call it P&D for short.
but you have to know how to do it though. just putting up buy walls won't save the price. look at ETH and how they have been manipulating the price to learn it first.

[qiwoman2]

It may help to some extent but believe me if you have a big FUD brigade form influential whales that wall can come crashing down in seconds. There is too much corruption and market manipulation in crypto currency trading and icos so prepare for that wall to be smashed by ruthless parties before you see your coin mooning or even attempting a lift off. I have really seen the worst of people's characters come out when it comes to crypto, I mean really gangster cut throat stuff. SORRY If what I said has burst your bubble, I say that from direct experience of launching a coin myself a few years back.

[CryForA]

that is what all the altcoins have been doing, either the owner is putting up buy walls or the pump and dump groups with a whale that knows how to pump the coins. none of them have so far asked for money to do the pump and dump though, if you start an ICO then you will be the first to create the fist pump and dump ICO. you can call it P&D for short.
but you have to know how to do it though. just putting up buy walls won't save the price. look at ETH and how they have been manipulating the price to learn it first.

is Vitalik manipulating the price of ETH? how to see it?

[guortates]

in other words you mean to manipulate the price!
not only you want to do an illegal fund-raising called ICO but also you want to do another illegal thing called manipulating the price. because that is what putting up a buy wall to prevent crash of the market means.

instead of coming up with ways to protect the price with tooth and nail, you should think of ways to protect the price with real development. create something that is really useful like bitcoin, and the price of it will go up on its own with the real demand it gains.

Well I am not sure but I don't think that ICOs are illegal (I'm not living in China or South Korea sorry) and the crypto-market isn't regulated so "manipulating" the price isn't illegal neither. And this could just be a way of justify to people why you do an ICO (to build this wall and make them pay for it ). You can't just launch a new coin because of this, I know that I need something new for it to go up (maybe not eBTC...)

[bitjoin]

It's not a good strategy unless you have millions or billions of dollars. You are underestimating the number of sharks out there who are willing to spend a few millions just to eat you up.

Even the combined efforts of the whole community far surpass the whales ability to truly control the market enirely.  The community establish the trend and approx price, the whales try to distaught the price to the high or low so as much as possible but the trend is always the strongest measure.

[annmarie]

It's not a good strategy unless you have millions or billions of dollars. You are underestimating the number of sharks out there who are willing to spend a few millions just to eat you up.

Even the combined efforts of the whole community far surpass the whales ability to truly control the market enirely.  The community establish the trend and approx price, the whales try to distaught the price to the high or low so as much as possible but the trend is always the strongest measure.

Whales effected the price more when it was at a lower value. Whales used to crash and pump up more effectively then but now days its more of a community effort. But I still believe that whales influence the market more than we realize.

[guortates]

It may help to some extent but believe me if you have a big FUD brigade form influential whales that wall can come crashing down in seconds. There is too much corruption and market manipulation in crypto currency trading and icos so prepare for that wall to be smashed by ruthless parties before you see your coin mooning or even attempting a lift off. I have really seen the worst of people's characters come out when it comes to crypto, I mean really gangster cut throat stuff. SORRY If what I said has burst your bubble, I say that from direct experience of launching a coin myself a few years back.

Why would the whales crash the wall, what's the purpose and how can they make money of it ? It means that they would sell their coins to me at the lowest price of the market (because the wall would be the bottom line of the buy orders, no one would put a buy under this value because it would mean that the market would completly crash). it really don't understant where is the interest of doing such things, even in terms of money !

[Svelto]

It is possible to stable the price but not for the long term. I would rather you use the 50% fund from ICO to work on development than manipulating the buy wall. When your project is delivering and people gain confidence, the price of your coin will rise naturally.

[bitjoin]

It's not a good strategy unless you have millions or billions of dollars. You are underestimating the number of sharks out there who are willing to spend a few millions just to eat you up.

Even the combined efforts of the whole community far surpass the whales ability to truly control the market enirely.  The community establish the trend and approx price, the whales try to distaught the price to the high or low so as much as possible but the trend is always the strongest measure.

Whales effected the price more when it was at a lower value. Whales used to crash and pump up more effectively then but now days its more of a community effort. But I still believe that whales influence the market more than we realize.

Oh yeah for sure when there were just 2 or 3 big players in the game they could communicate and combine efforts more easy.  Whats happened since is big bitcoin holders have parted ways + we have new money in the game also. we must have 100 decent size whales these days and that is harder for them to communicate and combine efforts.