Post
Topic
Board Economics
Re: How come BTC price and iBTC price goes down simultaneously?
by
KingsDen
on 18/06/2022, 10:31:02 UTC
I'm just adding this comment to notify that the question remains unanswered ...
No one explained why or how

Let me see if you can appreciate this answer I will give you.

There is no specific code or protocol that is designed in any coin that makes it work with the name given it. All projects is based on the demand and supply. The names such as iBTC is for publicity and there is not tangible behind it.

Take for instance, I can create a coin and name it 'Sun-Rise'. I will tell you that the coin falls at night when there's no sun but rises in the morning as the sun is rising. That does not mean I coded the sun into the project. I only gave the name to make you sell in the evening and buy in the morning. And thousands of people will keep selling in the evening and buying in the morning, and you will think the coin is fulfilling its name. Yes, it might work for sometimes until the  big boys (whales) will prove you wrong.

I don't know if this answer helped.