There are currently 4 million+ people on this Reddit. (4,278,088 to be exact)
What would happen if all of us happened to buy $10 of Bitcoin on the same day, in the same 2-3 hour time frame?
Granted, $10 isn’t a lot of money, but $10 x 4.2M members = $42,780,880.
That’s actually pretty significant and could really move the markets. Are there any DCA groups or discord’s among us?
Just thinking back to what happened with GameStop and Wallstreet bets and how a few apes working together were able to absolutely obliterate wall street.
I’m not sure about you guys, but looking through the majority of posts here, I don’t see many people happy about the price action. Generally we all want to resume the bull market and reverse the current down trend.
Granted $10 isn’t much. But the collective $42M+ is pretty significant. If a few people chose to do $20, or even $100, that number quickly becomes $100M+ purchasing volume.. on exchanges where BTC supply is historically low currently.. interesting thought experiment
Just curious what would happen if all of us, individually, coincidentally happened to purchase BTC on 1/31/22. No insider info. Just free market participants DCA’ing to close out the month strong. and if that could create a ripple effect that could jump start an uptrend?
It’s too bad we don’t have options trading like in the stock market. The gamma effect would really fuck exchanges like Coinbase and others, and we could force a short squeeze to be reckoned with.
What’s stopping us? ????
EDIT: A few people have accused this post of having a “pump and dump” mentality, however you couldn’t be farther from the truth! There is no coordinated plan to dump, or sell. If you need to sell the very next day - go for it! Sell whenever, however, to meet you and your families needs ❣️ that’s not the plan here. The idea is timing DCA’s for MAXIMUM market impact :)
We’re just a group of people who fundamentally believe in an asset.. choosing to buy at the same time instead of separately. When we buy individually and randomly, there’s always enough supply to absorb our buying pressure.. but if everyone was to time their DCA’s on the same day.. even the same hour, well.. that can create a short squeeze and liquidate the shorts, then force the algos and trading bots (which drive a lot of volume throughout the day) to start buying and “chasing” the move.
It’s a ripple effect that can change the direction of a trend. That’s how you reverse a goddamn downtrend ????????♂️ whales do it to us all the time
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