Bitcoin Forum
April 26, 2024, 05:25:16 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: what would happen if  (Read 957 times)
bracek (OP)
Hero Member
*****
Offline Offline

Activity: 530
Merit: 500


View Profile
February 01, 2012, 10:23:43 PM
 #1

we put all our funds into the same (fake) support wall at some price
for example,
we all put a bid at 5.00 and make a wall of support sky high Smiley

or if we all install some open source bot that would slide our fake wall always 10% under the current price

how would that be perceived by market
would that create some kind of self fulfilling confidence ?
1714109116
Hero Member
*
Offline Offline

Posts: 1714109116

View Profile Personal Message (Offline)

Ignore
1714109116
Reply with quote  #2

1714109116
Report to moderator
1714109116
Hero Member
*
Offline Offline

Posts: 1714109116

View Profile Personal Message (Offline)

Ignore
1714109116
Reply with quote  #2

1714109116
Report to moderator
1714109116
Hero Member
*
Offline Offline

Posts: 1714109116

View Profile Personal Message (Offline)

Ignore
1714109116
Reply with quote  #2

1714109116
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
antares
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
February 02, 2012, 02:02:16 AM
 #2

it would only hurt the market, because everyone would know that the wall is fake, and because they couldnt determine how much support there really is in the market they'd probably short just to be safe.
Cluster2k
Legendary
*
Offline Offline

Activity: 1692
Merit: 1018



View Profile
February 02, 2012, 02:53:45 AM
 #3

we put all our funds into the same (fake) support wall at some price
for example,
we all put a bid at 5.00 and make a wall of support sky high Smiley

or if we all install some open source bot that would slide our fake wall always 10% under the current price

The key word here is "all".  It only takes one person to change their strategy and act counter to everyone else for the whole 'fake' bid wall to unravel.  If a trader finds a way to make money because everyone else is colluding to do something else, they will.
teflone
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


You're fat, because you dont have any pics on FB


View Profile
February 02, 2012, 06:34:20 AM
 #4

we put all our funds into the same (fake) support wall at some price
for example,
we all put a bid at 5.00 and make a wall of support sky high Smiley

or if we all install some open source bot that would slide our fake wall always 10% under the current price

The key word here is "all".  It only takes one person to change their strategy and act counter to everyone else for the whole 'fake' bid wall to unravel.  If a trader finds a way to make money because everyone else is colluding to do something else, they will.

I would like to play poker..

btw, i have two Aces in the hole..

For Canadians by Canadians: Canada's Bitcoin Community - https://www.coinforum.ca/
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!