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.
