pull down to refresh
0 sats \ 3 replies \ @Scoresby OP 8h \ parent \ on: Dumping a fork coin doesn't crash its price bitcoin
If your decision to dump "shakes their faith in that currency" does their decision to give you whatever they give you in exchange "shake your faith" in the thing they gave you?
If the thing they gave me started dumping while the thing I gave them started pumping, then yeah I'd be pretty concerned about being wrong lmao.
But then you're arguing that dumping a fork coin doesn't dump the price, but it does given the sell volume is greater than the buy volume regardless of total supply.
reply
If the thing they gave me started dumping while the thing I gave them started pumping, then yeah I'd be pretty concerned about being wrong lmao.
This first requires demand in the market to change. If a thing is pumping it means people are willing to offer more to get it. If it is dumping it means people don't want it.
My point was that you can't only account for the psychology of your side of the trade. You have to think about their side too.
reply
I feel like I pretty clearly accounted for that when I brought up in my first comment, the importance of trading volume. Whereas your point is not made clear at all and rather seems to imply that price is determined by total supply rather than trading volume and the price is just magical and whether you sell or buy has no effect, both of which are completely and entirely false to reality.
You could say, your volume doesn't matter if the net volume is against you, but that would be wrong too because it logically separates cause and effect. You need many people to sell to change the price, but how can many people be selling, if 1 person isn't selling? Many people are made of many 1 person. So you need 1 person for many people to ever occur.
reply