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0 sats \ 4 replies \ @Scoresby OP 8 Jan \ parent \ on: How to run an economic node bitcoin
Put your low ask out there.
If it is lower than most other people are asking I can take you up on your low ask and immediately sell it to someone who is willing to pay more.
I can do this as long as you put low asks out there. (As long as you keep "dumping")
The midpoint doesn't move because for every coin that you choose to sell low, I buy it and offer it at market. All that happens is you transfer the difference to me, or anyone else willing to arbitrage.
Selling into limit orders only moves the market if no one is willing to buy higher than you are selling.
If you sell lower than others are willing to pay, anyone can buy from you and resell at the higher rate. Your dump just becomes a transfer of value to someone willing to do this.
Ever heard of the water flow analogy?
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Only in the context of electricity.
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I fully agree.
I'm saying dumping can't lower price because as long as there is demand at a higher price, the market will respond to that higher price.
When it comes to price the coin you want is more important than the coin you have.
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