If the DNM users all agreed upon a set bitcoin price which doesn't seem like something to logically oppose could it actually work?

I figure DNM is quite a large chunk of btc, including other factors but if everyone simply decided in the DNM to sell and buy at a set price it would make a huge impression on the market. And sure, there's always people who want to profit, etc. but if we settled for day a few dollars over the current rate and listed all further coin being sold at $350. Then we have the buyers eating up the sup $350 coins and buying the vendors hopefully plentiful amount of coins that didn't sell because they where overpriced and just stop paying over said amount as much aa possible as a community. Bitcoin is fine it just has it's flaws when you want to be able to buy some coin and then spend it in a few days/week, I mean damn even how long the transaction goes though to clear when you buy it straight off the change time can be a huge different.


Comments


[7 Points] redditulousfun:

we are a drop in the pond that is btc


[4 Points] d3emSt3rz:

I figure DNM is quite a large chunk of btc

read this and stopped


[2 Points] 63-6F-6F-6B-69-65-3F:

One reason alone would make this a bad idea:

I understand your point. But this level of coordination on the part of DNMs, in my opinion, would stand out like fucking crazy on the blockchain. It would be obvious that all these orders at $350 were likely connected to drug markets as soon as word got out (which would take no time at all, since agencies are all over DNM subs and The Hub).


[1 Points] fantasticnameuser:

But this is not at all how currency works. I get what you're saying, but if this case then economics as humanity has ever known would all be completely wrong


[1 Points] yalldontknowjack:

You would need a ridiculous amount of BTC and fiat on every exchange. I'm not talking about coinbase and lbc, but exchanges with buy and sell walls. You would have to buy up every BTC that is going to be sold and sell every BTC.

You do realize that everything is changing in value, that $1 bill in your pocket has a different value, 1 year ago, 1 week ago. Because you are not exchanging it for another currency you don't notice.


[1 Points] DrQuarters_:

That would take all the fun out of it.


[1 Points] eddyggg:

spoiler alert: if this makes any sense to you its because you don't know anything about economics and are probably still in high school.