Memo - Post by Sk8eM dUb

Sk8eM dUb

replied 2311d

- Share
- Explore
- Block Explorer (BSV)
- Blockchair
- WhatsOnChain
- ViaWallet
- BCHSVExplorer

ex·cre·ment

It is not possible to keep the price down with Crypto (as it is not possible to print) but it is possible to keep a price floor by buying up reserves. Trade has downward pressure.

I gotta disagree. There was no price floor for Tabasco the bull no matter how much people hoarded them - because they were useless. Velocity and usefulness correlate strongly.

1 / 3

ex·cre·ment

replied 2311d

- Share
- Explore
- Rollup
- Block Explorer (BSV)
- Blockchair
- WhatsOnChain
- ViaWallet
- BCHSVExplorer

If a person/group decides to set buy orders for Bitcoin at $1 and they have 21 million in reserves, then they have put a effective price floor on BTC, it is possible to do.

Sk8eM dUb

replied 2311d

- Share
- Explore
- Block Explorer (BSV)
- Blockchair
- WhatsOnChain
- ViaWallet
- BCHSVExplorer

re: price floor https://www.ebay.com/itm/Ultra-Rare-1995-Ty-Beanie-Baby-Tabasco-The-Bull-Sufrace-Tush-Typo-FREE-Shipping/112756998309?hash=item1a40d740a5:g:Tf4AAOSwnOVanTPY

ex·cre·ment

replied 2311d

- Share
- Explore
- Block Explorer (BSV)
- Blockchair
- WhatsOnChain
- ViaWallet
- BCHSVExplorer

This is in contrast to keeping 1 BTC under 10 usd, that is impossible, since anyone with 210 million (a lot less, but extreme example) would be able to pump the price up by buying it.