The best strategy would be to increase the demand for coins by reaching out to more merchants to accept Bitcoin and for developers to create Kick-ass applications that use Bitcoin as a payment option.
Topic: The Effect of A Massive HODL Campaign - page 3. (Read 612 times)
The problem with these campaigns are the people who always piss against the stream and who will not support a campaign like this. As soon as the price goes up, they will start selling and things will balance out. You cannot dictate to people on how to manage their money and investments, so you leave the market to determine it's own fate, based on supply and demand.
The best strategy would be to increase the demand for coins by reaching out to more merchants to accept Bitcoin and for developers to create Kick-ass applications that use Bitcoin as a payment option.
The best strategy would be to increase the demand for coins by reaching out to more merchants to accept Bitcoin and for developers to create Kick-ass applications that use Bitcoin as a payment option.
I've watched two sort of "organized" hodl campaigns in the past. Specifically, ChainCoin(CHC) and Syndicate(SYNX). Both pretty dead and useless coins, but yea.
The ChainCoin hodl campaign was started by a YouTuber(HighOnCoins) in the past, whereas HighOnCoins simply just deleted his past videos on ChainCoin just to clean his name. Pretty much he told the people to "hodl" the coin so the price just goes up due to significantly more CHC being bought than being sold. Then, the SYNX campaign was started by some people who was late to the ChainCoin pump and dump.
Well, obviously what happened was that when there wasn't enough money going into these coins, people started to panic and sell; just as expected. I'm going to let the charts speak for itself(NOTE: focus on BTC value. Yellow lines):
Sources:
Now, would the same happen with a bitcoin hodl campaign? No one knows just as always, but I really expect the same to happen as when the prices starts to go down, people are going to panic sell. You really can't trust 100% of the people on the campaign to hold.
The ChainCoin hodl campaign was started by a YouTuber(HighOnCoins) in the past, whereas HighOnCoins simply just deleted his past videos on ChainCoin just to clean his name. Pretty much he told the people to "hodl" the coin so the price just goes up due to significantly more CHC being bought than being sold. Then, the SYNX campaign was started by some people who was late to the ChainCoin pump and dump.
Well, obviously what happened was that when there wasn't enough money going into these coins, people started to panic and sell; just as expected. I'm going to let the charts speak for itself(NOTE: focus on BTC value. Yellow lines):
Sources:
Now, would the same happen with a bitcoin hodl campaign? No one knows just as always, but I really expect the same to happen as when the prices starts to go down, people are going to panic sell. You really can't trust 100% of the people on the campaign to hold.
It could go either ways, but low liquidity might result to rush sellers lowering their price a lot lower to meet the demands of low-ballers. Should a widespread campaign prove successful, only the low-ballers and people who need cash immediately be the ones remaining in the market, thus potentially pulling the price down and causing a downtrend for the next 30 days of the campaign.
There needs to be someone in the market who would 'equalize' the buys and the sells so as to make the price stable.
There needs to be someone in the market who would 'equalize' the buys and the sells so as to make the price stable.
If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?
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