Keeping Bitcoin Price High - page 4.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: bitcon on June 14, 2013, 12:39:45 AM

if people would sell their coins in smaller portions instead of dumping them all at once they would get more $ for their coins and the market wouldnt take a dive. but maybe they want to create panic selling to buy back lower.

Pretty much shake out the weak hands and what not its actually a really bullish point of view

bitcon

legendary

Activity: 2212

Merit: 1008

if people would sell their coins in smaller portions instead of dumping them all at once they would get more $ for their coins and the market wouldnt take a dive. but maybe they want to create panic selling to buy back lower.

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

I need to keep a hotlink

Here
Protocol layer built on top of bitcoin, using messages in the block chain to represent transfers of value is one way of approaching it
https://bitcointalksearch.org/topic/will-you-be-my-co-founder-professional-salary-equity-stake-investor-poll-226215
cvTokens design
https://bitcointalksearch.org/topic/cvtokens-stable-currency-without-trust-197799
Freicoin
https://bitcointalksearch.org/topic/ann-freicoin-demurrage-crypto-currency-from-the-occupy-movement-crowdfund-89843
Some other neat stuff
https://bitcointalksearch.org/topic/fundraising-finish-ultimate-blockchain-compression-204283
https://bitcointalksearch.org/topic/ultimate-blockchain-compression-w-trust-free-lite-nodes-88208

pocketkangs

newbie

Activity: 24

Merit: 0

That's exactly what I do. I have spent several hundred BTC on lots of stuff.

Xyver

full member

Activity: 281

Merit: 100

I'm trying to think of ways to have Bitcoin keep its value, instead of always fluctuating up and down. As far as I know, it rises because lots of people buy coins, and once it hits a certain point, someone decides to sell a large amount, so the price drops a little bit, causing everyone else to sell, dropping the price lots. It falls down, until it hits a low enough value that people wish to "buy back in", and then the price begins to rise again, and the cycle repeats.

My idea is that instead of waiting for the price to rise to sell coins, wait for the price to rise to buy something with coins. Go to coingig, or bitcoinstore, and find an item that you want, and tell yourself "When Bitcoin hits 120$ (or any price), I'm going to buy this item instead of selling to an exchange.".

I think that this would help keep the price stable, as well as distribute the coins more, instead of keeping them all locked up in an exchange.

EDIT:: My knowledge of economics is minimal, so I could be way off.

Topic: Keeping Bitcoin Price High - page 4. (Read 5611 times)