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32 sats \ 1 reply \ @Scoresby OP 10h \ parent \ on: Dumping a fork coin doesn't crash its price bitcoin
"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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0 sats \ 0 replies \ @Undisciplined 10h
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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