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126 sats \ 14 replies \ @theonceler 8 Jan \ on: How to run an economic node bitcoin
the reason you dump the shitcoin fork is not necessarily to immediately dump the price of the shitcoin, but because it is a counterfeit bitcoin which does not have the same pristine monetary assurances. Which means it will trend to zero over time against real and actual bitcoin.
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14 sats \ 13 replies \ @Scoresby OP 8 Jan
Sure, but the holder's decision to sell the side of the fork they don't like doesn't do anything to affect which fork ends up attracting more hashrate.
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0 sats \ 12 replies \ @000w2 8 Jan
It does if they do it in a futures market before the fork actually happens.
Also, price does affect how much hash rate is attracted (I don't get why it wouldn't).
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0 sats \ 11 replies \ @Scoresby OP 8 Jan
Deciding to sell doesn't decrease price. This is the point of about half the OP.
Futures for forks are kinda interesting though: I mean if you sell it before the fork, what happens if no one goes through with the fork and the fork coin never exists?
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0 sats \ 0 replies \ @000w2 8 Jan
Then the people who have the futures for it get nothing
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0 sats \ 9 replies \ @000w2 8 Jan
Prices are determined by supply and demand. So if there is more supply than there otherwise would have been it does affect price - to what extent and for how long is up for debate.
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0 sats \ 8 replies \ @Scoresby OP 8 Jan
Supply in this context = a holders' decision to trade one coin for another.
But there is another person who is on the other end of the trade.
If I "dump" fork coin to get btc, why isn't it just as true that the other side of the trade is dumping btc yo get fork coin?
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115 sats \ 7 replies \ @000w2 8 Jan
It's a question of whether you buy or sell at market (changing the "price") Vs setting limit orders and changing the market structure.
Dumping implies selling into limit orders which changes the market price, i.e. the midpoint between bids and asks.
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