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/biz/ - Business & Finance

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8428380 No.8428380 [Reply] [Original]

Guys if it is a bull market and we all want it Bitcoin to be $18,000 again, why doesn't someone from the early days who is sitting on shitloads of fiat just market buy up to 18k for us?

Like I am pretty sure if we all clubbed together we could maybe pay them for this service since the market is unregulated right?

>> No.8428419

>>8428380
they would have to do it everywhere, and even then the gap would close. also pretty sure that would cost hundreds of millions.

>> No.8428420

>>8428380
cause that won't reflect the market's equilibrium price, there's nothing that'll sustain the price at 18k after the guy buys
if you've ever market bought a lowcap coin, you'll see the price spike up then mostly fade back to where it was before your buy

>> No.8429057

>>8428380
awesome idea anon, i'll do it, but i need you to get everyone who holds bitcoin to pinkie swear not to sell. maybe set up something like the TBC police.

let me know when you have all the agreements signed, i'm waiting with the fiat!!

>> No.8429189

>>8428420
nothing indicates that crypto has an equilibrium price

>> No.8429207

>>8428380
thats a dude bro.

>> No.8429277

>>8428380
Please tell me you're a teenager. If you're in your 30's asking/suggesting this... This planet has no fucking hope. Please tell me you're a fucking teenager.