How about we steer the value of a Bitcoin?

[Sonny]

This just isn't practical and won't work. Maybe there is some point that you are trying to make by this suggestion, maybe you are trolling, or maybe we're giving you too much credit lol.

Unfortunately for this concept there are many more people in the market, and they will collectively, through speculation (and manipulation) drive the price of Bitcoin within the short-term. Over the longer term it is Bitcoin's public and commercial adoption that will drive its price, in value.

That's not true. Price of a currency is always driven in short term that eventualy will be reflected in the long term. Public adoption has nothing to do with it. Why do people buy Yen for $ for example if they live in USA and there is no market adoption for Yen in USA? By buyng Yen for $ they increase the price of a Yen and decrease the value of a $ in short term transactions. If they bought for example half of total Yen supply for a $, that would skyrocket JPY/USD price.

So everything is about the VOLUME, not the amount of transactions.

What if I say "sell my bitcoin for $10000", and someone reply me in the next post saying "buy your bitcoin for $10000"...and we will repeat it again and again in this thread....

OP, would you spend $10000 for 1 bitcoin then?

[R3qUi3M]

This just isn't practical and won't work. Maybe there is some point that you are trying to make by this suggestion, maybe you are trolling, or maybe we're giving you too much credit lol.

Unfortunately for this concept there are many more people in the market, and they will collectively, through speculation (and manipulation) drive the price of Bitcoin within the short-term. Over the longer term it is Bitcoin's public and commercial adoption that will drive its price, in value.

That's not true. Price of a currency is always driven in short term that eventualy will be reflected in the long term. Public adoption has nothing to do with it. Why do people buy Yen for $ for example if they live in USA and there is no market adoption for Yen in USA? By buyng Yen for $ they increase the price of a Yen and decrease the value of a $ in short term transactions. If they bought for example half of total Yen supply for a $, that would skyrocket JPY/USD price.

So everything is about the VOLUME, not the amount of transactions.

What if I say "sell my bitcoin for $10000", and someone reply me in the next post saying "buy your bitcoin for $10000"...and we will repeat it again and again in this thread....

OP, would you spend $10000 for 1 bitcoin then?

Sure just show me the non-provisional trade platform so we can make the deal. And show me how many people are trading on that platform... its meaningless if we trade between each other in secrecy. That would need to happen on the living market so all other traders there could se how expensive is to buy 1BTC Now you get the point?

[R0yalAir]

Bitcoin is just the beginning !
the value of a BTC will raise up once the recognition by merchants

[Cryptopher]

This just isn't practical and won't work. Maybe there is some point that you are trying to make by this suggestion, maybe you are trolling, or maybe we're giving you too much credit lol.

Unfortunately for this concept there are many more people in the market, and they will collectively, through speculation (and manipulation) drive the price of Bitcoin within the short-term. Over the longer term it is Bitcoin's public and commercial adoption that will drive its price, in value.

That's not true. Price of a currency is always driven in short term that eventualy will be reflected in the long term. Public adoption has nothing to do with it. Why do people buy Yen for $ for example if they live in USA and there is no market adoption for Yen in USA? By buyng Yen for $ they increase the price of a Yen and decrease the value of a $ in short term transactions. If they bought for example half of total Yen supply for a $, that would skyrocket JPY/USD price.

So everything is about the VOLUME, not the amount of transactions.

We're not talking about established currencies though, are we? We're talking about a cryptocoin trying to change the way in which we transact. If you want to drive the price up then you need adoption in the longer term, whether that is established within a niche or wider scale.

[Bit_Happy]

Mt.Gox has been doing this for years. 

Mark explaining his method for steering the value of all Bitcoins?

[twiifm]

They do this w penny stocks all the time.   It wouldn't surprise me if MtGox did this to lure in bagholders. Since BTC exchanges aren't regulated by SEC and you can be somewhat anonymous. Why not? Good scam