What is Nostr?
toxicbitcoiner / Toxic Bitcoiner
npub1u87…93f7
2025-01-09 03:34:07
in reply to nevent1q…qv6u

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.
Author Public Key
npub1u87g378r0puytp7zxdl5awg2gmqvqc3vgtnh6a0vfgm4y8es7c3qam93f7