BTCtrader71
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March 26, 2015, 06:42:24 AM

Am I the only asshole who got caught in a long position >$260?  I mean it's not a leveraged long and I do have a little cash left, but damn.  It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.

2 bucks a day and we can do >500 easy

You've given me an idea:

Someone should use Ethereum to create a pump n dump. Anyone who wants to participate sends bitcoin to a prespecified address. Once a threshold number of bitcoin are accumulated, Ethereum executes the pump n dump and disburses the profits accordingly. If the threshold is not met by a specified time, the bitcoins are returned to the investors. All of this is executed in fully transparent and trustless fashion by the magic of Ethereum.

Billyjoeallen, I nominate you to design the pump n dump strategy.  Grin