In low liquidity environments it’s easy to move the price of #Bitcoin . In the latest only 463 coins had to be sold in the last event to bring down prices 1%.
The smooth brain in me is shocked because this is only $12 million. Much less than the $5 billion/ 1% of supply.
This means in that event every $1 sold was $416 off the “market cap”.
This works both ways, eventually everyone who might sell will sell, liquidity will dry up, and our buys will have the same SIGNIFICANT effect on price. Whether it matters to you or not, I think it’s pretty cool to think about, but I do consider myself a boring person, so no sweat if you don’t feel the same.
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