If nobody buys it for long periods of time people will see the hump and freakout and this will trigger the firesale. I am sure this happens for at least SOME products.
If I had 10 bitcoin I could use it to have someone steal your gun. I wouldn’t but you get the point.
Or even better I could buy it off you for half a bitcoin
what’s funny is it will crash if nobody buys it.
No, it won’t even go up if nobody buys it. It will instead stay the same value it currently sits at
It will crash if everyone who still has some tries to sell it.
If nobody buys it for long periods of time people will see the hump and freakout and this will trigger the firesale. I am sure this happens for at least SOME products.
What’s funny is you just discovered how supply/demand works. It applies to literally everything you can buy.
Not really, no.
Because the things I buy have use.
For example, a gun.
If I had 10 bitcoin I could use it to have someone steal your gun. I wouldn’t but you get the point. Or even better I could buy it off you for half a bitcoin
I hope this is a shitpost because you can say the same thing about any currency.
Or guns. Surprising number of folks that will take guns in trade.
Also…
How much do you think a gun costs?
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~3 USD /S
So edgy, bro.
Kind of a smarty pants reply considering i know elastic vs. Inelastic demand is an exception to this rule.
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