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0 sats \ 2 replies \ @Undisciplined 11h \ parent \ on: Dumping a fork coin doesn't crash its price bitcoin
Again, supply isn't about the actual transaction that clears the market. It's the entire set of price-quantity pairs that exist.
I can absolutely move the supply curve by changing my mind about what I'd be willing to sell for. That's exactly what supply shifts are: changes in the quantities available at each price.
The point is that my hypothetical demand decrease was smaller than my hypothetical supply increase. You're only confusing things by also changing other people's preferences at the same time.
"Hoarding" is not a meaningful economic category. People have inventories and willingnesses to sell, as well as willingnesses to buy.
"Hoarding" is not a meaningful economic category. People have inventories and willingnesses to sell, as well as willingnesses to buy.
Yes! This is why I originally said the supply of a coin is the total amount in existence. With bitcoin, you can't change this, so the only way for price to change is if demand changes.
Do you at least agree with me on that point?
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Not quite, but I see what you're getting at. If I decide bitcoin has no future and decide to sell, I'm also going to stop buying. Supply increases and demand decreases.
That's what I was trying to illustrate with the quantity mismatch, though.
Some people hold enormous amounts and could be supply drivers, while others hold very little and might be bigger demand movers.
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