Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
This is going to sound moronic... But hear me out... Those buy walls on polo wouldn't exist unless DASH holders who 'have a price' thought there's a real chance they could get bought into over the next few days... Just sayin'...
Walter
hum? WOW ... trying to bear with you... say whaaaaahh ?
So... you essentially say that the buy walls are from Dash holders who "have a price", but choose to sell them anyway just to prove to themselves there are other people out there willing to buy their coins at a cheap rate?
Or did I not follow you at all? 'Cos yep, I gotta say, that did sound totally moronic
I think he means that the price has gotten high enough that more Dash holders are willing to sell at. Liquidity has it's balance. When prices are low, nobody wants to pay more than a certain amount, and nobody wants to sell for less than a certain amount, the market can stagnate, which is what i think happened this past year. It's not the number of "whole" coins available to buy and sell but the actual movement of "coins" no matter the value. So without anyone willing to sell below a certain price and others not willing to buy, the trades were kind of trickling.
It seems that now, we've started hitting a point where people are willing to buy at prices others are willing to sell at, so more people are meeting in the middle, and thus liquidity is getting healthier and more people are putting up their coins to sell.
It's nice to see Bitcoin recovering. I don't like to see it flounder. It's not a good sign for the whole crypto space when Bitcoin isn't doing well :/