To all BTC sellers: 1 BTC = 1000 USD April 9, 2013 16:00 UTC - page 2.

tutkarz

hero member

Activity: 546

Merit: 501

Quote from: wormbog on April 02, 2013, 09:24:00 AM

If everyone, or almost everyone, took this pledge, sellers would disappear and new money would not be able to enter the market. And we would all have to stop spending our coins since no merchant will base their prices on $1000/coin if they can't sell for that rate to replenish their stock. This solution would turn bitcoin into a club for insiders only, and ultimately kill it.

Please don't.

They wont disappear, they will sell for $1000. And if everybody will sell for that much, then buyers will also have to buy for that much. Nothing will change except price. And those who risked they money to invest in bitcoins before others would get rewarded for this.

pvz

newbie

Activity: 53

Merit: 0

Quote from: Seccour on April 02, 2013, 09:31:31 AM

It's a really bad idea. I think wormbog have right.

So... Don't do it, for the future of bitcoin

I think this incredible price rise is a bad idea.
How can we convince bitcoin owners to sell their bitcoins?

medicine

hero member

Activity: 697

Merit: 501

I disagree and feel like this is not inline with the bitcoin community workings. Just my opinion only though, you opinion is equally as valid.

Seccour

legendary

Activity: 1619

Merit: 1004

Bitcoiner, Crypto-anarchist and Cypherpunk.

It's a really bad idea. I think wormbog have right.

So... Don't do it, for the future of bitcoin

pvz

newbie

Activity: 53

Merit: 0

Quote from: wormbog on April 02, 2013, 09:24:00 AM

If everyone, or almost everyone, took this pledge, sellers would disappear and new money would not be able to enter the market. And we would all have to stop spending our coins since no merchant will base their prices on $1000/coin if they can't sell for that rate to replenish their stock. This solution would turn bitcoin into a club for insiders only, and ultimately kill it.

Please don't.

At this moment the demand for bitcoin is to high. That is why the price rises so quickly.
I would like to have your merchant introduced to bitcoin because he is able to stabilize the price.

wormbog

hero member

Activity: 561

Merit: 500

If everyone, or almost everyone, took this pledge, sellers would disappear and new money would not be able to enter the market. And we would all have to stop spending our coins since no merchant will base their prices on $1000/coin if they can't sell for that rate to replenish their stock. This solution would turn bitcoin into a club for insiders only, and ultimately kill it.

Please don't.

tutkarz

hero member

Activity: 546

Merit: 501

Bitcoin is great tool but now we have to prove we are mature enough to use it.

pvz

newbie

Activity: 53

Merit: 0

Quote from: tutkarz on April 02, 2013, 09:03:01 AM

great but if we all agree that its worth $1000 then why they want to sell for $100? They dont want money or what.

You are right, it is about acting as a bitcoin community.
Together promoting bitcoin and make this work.

tutkarz

hero member

Activity: 546

Merit: 501

Quote from: nelisky on April 02, 2013, 08:54:32 AM

As long as mining is profitable there will always be someone willing to sell quicker for less... it's called free market, I think Wink

great but if we all agree that its worth $1000 then why they want to sell for $100? They dont want money or what.

nelisky

legendary

Activity: 1540

Merit: 1002

As long as mining is profitable there will always be someone willing to sell quicker for less... it's called free market, I think Wink

tutkarz

hero member

Activity: 546

Merit: 501

This is actually good idea to do: if you want to sell do it for $1000 and if you want to buy you have fixed price. Only problem is that it cant be paired to US dollars because they are printing them all the time.

pvz

newbie

Activity: 53

Merit: 0

Quote from: tkbx on April 02, 2013, 08:38:11 AM

There's a word for this, it's called "price fixing". Luckily, you'll never get the entire Internet to go along with this.

Price fixing is enforced.
This is a initiative to stabilize the price, not fixing the price.
You are right: with bitcoin it is not possible to fix the price.

If the price is not stable and fluctuates (at this time), it attracts bots, gamblers and hedge funds.

The Bitcoin Community does have a choice, or just let it happen.

tkbx

sr. member

Activity: 350

Merit: 251

There's a word for this, it's called "price fixing". Luckily, you'll never get the entire Internet to go along with this.

pvz

newbie

Activity: 53

Merit: 0

Edit: Added a poll because I am very curious what 'the bitcoin community' thinks what a stable price would be: https://bitcointalksearch.org/topic/current-stable-bitcoin-market-price-165166

Price stability and predictability are the main factor for a wide acceptance and adoption of bitcoin.

To manage the market price, Bitcoin does not have the influence from a central authority like Federal Reserve or European Central Bank.
The Bitcoin Community has no need for a central authority.

The Bitcoin system cannot affect the bitcoin market price with interest rates or changing the number of bitcoins produced. This is fixed.

Did you know the Bitcoin Community has the ability and tools for a stable bitcoin price?

In order to have a stable and predictable price we need:

mass for stability (limited fluctuation)
consensus for predictability (clear path)

The Bitcoin Community is able to set the bitcoin price.
We set the price.
We set stability.

How?
That is simple:

BTC sellers: don't sell for less than $1000
You'r in?
Quite simple. I'm in! (click here)

With your support the bitcoin price will be more stable and predictable.
With your support we create trust.
Trust in bitcoin assures broad acceptance and use of bitcoin.

bitcoinmarketprice.org

Topic: To all BTC sellers: 1 BTC = 1000 USD April 9, 2013 16:00 UTC - page 2. (Read 6863 times)