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Topic: Buying coalition for Sunday, April 28th - Butterfly Experiment (Read 3003 times)

legendary
Activity: 1064
Merit: 1001
Thank you all, both participating and non-participating.

See this.


http://imgur.com/PLx9w8p
legendary
Activity: 1064
Merit: 1001
I hope that you are aware of MtGox statistics:

30-day Volume: 4,714,294.44347162 BTC

30-day Volume (Currency): 535,113,600.90 USD


Good luck, but honestly I think it will be like paddling with spoons on Amazon river.

Yes, I am aware of that. I am not expecting great results.
SAQ
newbie
Activity: 56
Merit: 0
So is this like in 5 minutes now?
b!z
legendary
Activity: 1582
Merit: 1010
Is anyone willing to buy just one coin, at the same time with me, just to experiment?

The only rule is 1 btc. Not 0.1 increments. I want to see that little butterfly triggering a hurrincane Tongue

I do not ask anyone to join, I just want to know if there is any trader that might want to make a coalition. You then can sell any time (yea, even next second).

If 7 more people are in, I'll disclose the hour for Sunday April 27th. So far myself and 2 friends.

http://en.wikipedia.org/wiki/Prisoner's_dilemma
full member
Activity: 224
Merit: 100
One bitcoin x 10 is not going to do anything!

So if you get 10 people, you'll see 10 bitcoins being purchased on bitcoinity?

How is that any different from normal?

If you can rally up 200 people, buying 10 coins each I'd join in (unfortunately this means I'd have to sell my coins first Tongue).

full member
Activity: 168
Merit: 100
Im not cool enough for a bot. Im ready though.
hero member
Activity: 628
Merit: 500
I hope that you are aware of MtGox statistics:

30-day Volume: 4,714,294.44347162 BTC

30-day Volume (Currency): 535,113,600.90 USD


Good luck, but honestly I think it will be like paddling with spoons on Amazon river.
legendary
Activity: 1904
Merit: 1002
So, this is like in 23 minutes now? Or has it already happened?

Time is 1pm GMT.



Reading is hard...  11 hours, 18ish minutes to go, not that I'm participating.
SAQ
newbie
Activity: 56
Merit: 0
So, this is like in 23 minutes now? Or has it already happened?
legendary
Activity: 2772
Merit: 1028
Duelbits.com
I won't buy but I'll sell later if you pump it, I promise  Grin
legendary
Activity: 1064
Merit: 1001
Just a reminder for this.

I have already put a bot. I will buy at exactly 13:00:13, will let others to buy lower than me. I will sell that coin only when price doubles.

legendary
Activity: 1064
Merit: 1001
I'm in. But this is because April 27th 2013 is a Saturday.

I'm buying 1 BTC on Sunday, April 27th, 2014.

Oh, damn! I'm using this calendar for US, it end with Saturday! Changed it!
hero member
Activity: 501
Merit: 500
I'm in. But this is because April 27th 2013 is a Saturday.

I'm buying 1 BTC on Sunday, April 27th, 2014.
sr. member
Activity: 364
Merit: 250
I'm in.

Great. Please popularize, if you know others interested.

I also think we could have competition, organized groups that will sell maybe 2 BTC to distrupt us Tongue
That would make it even more difficult to judge what just happened ôo
(Maybe people will do it anyway)
Sadly I have no account at Gox.
legendary
Activity: 1064
Merit: 1001
Time is 1pm GMT.

legendary
Activity: 1064
Merit: 1001
I'm in.

Great. Please popularize, if you know others interested.

I also think we could have competition, organized groups that will sell maybe 2 BTC to distrupt us Tongue
member
Activity: 98
Merit: 10
Sometimes - history needs a push.
legendary
Activity: 1064
Merit: 1001
It's a great idea.

Individuals fail. Teams prevail.
full member
Activity: 168
Merit: 100
I already have proposed this, but since this seems to be an "organized buying" thread, I figure its worth another shot.



This is just an idea of a way a group could potentially help stabilize bitcoin rather than following the usual volatility-inducing day-trading techniques.


A "slope" would be created as described following a supply line as displayed, such that the total amount in the amount being traded is equal to the "excess supply" (i.e, red shaded regions) before the slope. Note the next "excess supply" after the original (i.e, the red shaded region near $150) A "floor" is created 1 cent below a natural support level. If the price hits the floor, you buy and fill in the asks to meet the slope (I.e, slowly fill in the green regions below slope). When the buffer region (the green region before wall) exceeds total excess supply, the floor is repositioned.

Just wondering if anybody thinks this is a good idea.
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