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Author Topic: We control the prices... Not these bears. We got what they can't have...  (Read 2171 times)
Bigpiggy01
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August 04, 2011, 04:37:42 PM
 #21

A) If you want to trade, a market see-saw is fantastic as you can make real cash starting from peanuts.

B) If you want to actively manage your investment, it's fantastic as you can help it grow.

C) If you want to feel that you have a "nest egg" tucked away somewhere then it's a nightmare as you'll never know if it'll hatch.

Just fit yourself into group A, B or C and well, do your thing.

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Minsc
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September 07, 2011, 12:41:01 AM
 #22

Miners you SEE... YOU CONTROL THE PRICES!!! PULL ALL YOUR SELL ORDERS NOW!!

You need money to control the prices and early adopter money is in coins so they must sell coins at a loss to manipulate the markets.  They have done this but are running out of money and that's why the price is continuing to fall.

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osmosis
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September 07, 2011, 02:58:36 AM
 #23

Lets see how good of an idea this is. Say your a miner and you pull your sell order out, will all other miners do the same?
With bitcoins price that continues to fall, you will hold your bitcoins and they will become worthless. Do you really want your mining operations to actually cost you money? Sell as fast as you can in a falling market, or somebody else will sell and take money that could have been yours.

Lots of the old timers remember the big crash from $1 down to $0.50.  Bitcoin lost 50% of its value!!! Lots of people were very depressed.  If they sold and decided to stay out, I wonder how they would feel now.
RyNinDaCleM
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September 07, 2011, 05:18:40 AM
 #24

Miners you SEE... YOU CONTROL THE PRICES!!! PULL ALL YOUR SELL ORDERS NOW!!

You need money to control the prices and early adopter money is in coins so they must sell coins at a loss to manipulate the markets.  They have done this but are running out of money and that's why the price is continuing to fall.
Early adopters never really sell at a loss! They got their coins @ sub pennies! This is still very much profit territory!

Well, the buyers are certainly having trouble getting the price lower than $6.60! Someone put in an order to sell 2800BTC this morning! Built steps of 100BTC, @$.01 increments...slowly but surely, it's been selling for what he wants!

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September 07, 2011, 06:40:41 AM
 #25

Miners you SEE... YOU CONTROL THE PRICES!!! PULL ALL YOUR SELL ORDERS NOW!!
Only in that they can chose to sell or not.  If no one wants to pay a higher price for bitcoins, it wont matter how much you stop selling; however, miners could certainly flood the market and drive bitcoin to new, and exciting lows.
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September 07, 2011, 07:11:29 AM
 #26

I for one appreciate the generosity and virtue of all those holders of bitcoins that are redistributing their coins to others at a cheap and affordable cost. It is in the true spirit of bitcoins that we share bitcoins with our others so that a greater number of people can gain wealth in the next rally. The more people who have a stake in bitcoin, the more people will be spreading the word and adding merchants to the economy. It needs to spread out. So kick back, relax, and enjoy the show. The world is going to be changing.
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September 07, 2011, 09:02:38 AM
 #27

What would it help me if the price reaches $100 if it's only that high as long as nobody sells?
zby
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September 07, 2011, 10:01:36 AM
 #28

I have the impression that the OP would like to see something like a Miners Guild that would set the price and prevent anyone from selling below it.
hugolp
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September 07, 2011, 10:05:14 AM
 #29

What would it help me if the price reaches $100 if it's only that high as long as nobody sells?

Bingo.

Quote
I have the impression that the OP would like to see something like a Miners Guild that would set the price and prevent anyone from selling below it.

I would actually love to see this. All free market cartels in history have failed so it would be interesting to see it happen again and not just read about it.
critmass
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September 07, 2011, 04:10:28 PM
 #30

Quote
I have the impression that the OP would like to see something like a Miners Guild that would set the price and prevent anyone from selling below it.

I would actually love to see this. All free market cartels in history have failed so it would be interesting to see it happen again and not just read about it.
Especially when there is no way to enforce the cartel price.
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