Small problem. Large holders know that market price is currently under the cost of mining. Miners, old holders don't sell under those conditions.
Your strategy loses money unless you know you can buy back in lower. That is less certain the lower market price goes. Also, you could drive the whole market into a prolongued downtrend that would take years to break even. You can sheer a sheep many times, but skin him only once.
Topic: How to buy Tons of Bitcoins and Drop the Price - page 2. (Read 2721 times)
1. Buy lots of BTC from a large holders via a broker a price of "Bitstamp + 10"
2. Dump 10% of it on Bitstamp --> Price goes down
3. Rinse and repeat
I have a feeling it is happening right now.
2. Dump 10% of it on Bitstamp --> Price goes down
3. Rinse and repeat
I have a feeling it is happening right now.
Sounds like a viable strategy to make use of the fact that there are some early adopters with large stashes. Any evidence that this is happening?
1. Buy lots of BTC from a large holders via a broker a price of "Bitstamp + 10"
2. Dump 10% of it on Bitstamp --> Price goes down
3. Rinse and repeat
I have a feeling it is happening right now.
2. Dump 10% of it on Bitstamp --> Price goes down
3. Rinse and repeat
I have a feeling it is happening right now.
You forgot to add one point, "Buy coins back when price goes down."
1. Buy lots of BTC from a large holders via a broker a price of "Bitstamp + 10"
2. Dump 10% of it on Bitstamp --> Price goes down
3. Rinse and repeat
I have a feeling it is happening right now.
2. Dump 10% of it on Bitstamp --> Price goes down
3. Rinse and repeat
I have a feeling it is happening right now.
You forgot to add one point, "Buy coins back when price goes down."
1. Buy lots of BTC from a large holders via a broker a price of "Bitstamp + 10"
2. Dump 10% of it on Bitstamp --> Price goes down
3. Rinse and repeat
I have a feeling it is happening right now.
2. Dump 10% of it on Bitstamp --> Price goes down
3. Rinse and repeat
I have a feeling it is happening right now.
Jump to: