toxicbitcoiner on Nostr: If a significant amount of Bitcoin is held by individuals and they choose to sell ...
If a significant amount of Bitcoin is held by individuals and they choose to sell Blackrock fork then BR fork price goes down. It’s as simple as that. Like every other asset, good, etc. A mass of people selling something because they don’t want it makes the price go down. Think about Europe selling (or even not buying) silver in the late 19th century in favor of gold, silver price went way down relative to gold even though Asia bought that silver. There needs to be reservation demand, market making alone can’t sustain a certain price. This stuff about arbitrage doesn’t mean anything, nothing unique to Bitcoin or forks.
Published at
2025-01-09 03:34:07Event JSON
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"content": "If a significant amount of Bitcoin is held by individuals and they choose to sell Blackrock fork then BR fork price goes down. It’s as simple as that. Like every other asset, good, etc. A mass of people selling something because they don’t want it makes the price go down. Think about Europe selling (or even not buying) silver in the late 19th century in favor of gold, silver price went way down relative to gold even though Asia bought that silver. There needs to be reservation demand, market making alone can’t sustain a certain price. This stuff about arbitrage doesn’t mean anything, nothing unique to Bitcoin or forks.",
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