Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PSB] Pesobit, the currency for remittances and international cooperation
by
revenant2017
on 27/07/2017, 16:45:18 UTC

I suddenly wondered, what will happen if some exchangger running out of a coin to sell? Will they buy some from the dev to supply their demand? Or will the market stopped? Or... Will they hunt more on other exchanger? Honestly, I'm surprised I never thought about this before

I don't think it is possible that a crypto exchange could ever run out of coin to sell, as there will always be someone to sell, especially at higher prices.

In the very hypothetical hypothesis that PSB should end up concentrated in a handful of owners, and if these owners stick to the plan and not sell under a given price, the coin would be less liquid for some time, then a new price equilibrium would gradually form, with new buyers refusing to sell under the new higher price they themselves paid.

Problem now is people accept to sell at these low prices, and this makes PSB look bad. Be patient guys, you deserve more for your PSB!

I think the selling was not done by small investors, with this small amount of price increment only big holders could sell it for continuation profit caused psb price not passing 400 sat
Most of it are from C-Cex. C-Cex holds the 15% of the total pesobit coin and it's staking and all of the coins they earn get dump by C-Cex. If everyone can move out their balance in C-Cex, we can help and keep the price growing.