/biz/ - Business & Finance

I have no life, so I'm going to post all about the sell wall:

As far as I can tell, the real motivation for the 60c sell wall is Kevin's theory of 'sticky prices'- roughly, he has this idea that certain prices hold psychological significance to traders (or holders or whatever) and tend to 'stick' once achieved and encourage future bullish price action- so €1 is more significant than €0.92, even though both are really just numbers. Holding price at or above €0.92 for a while means nothing, whereas holding price at or above €1 makes it likely that that price will act as a de facto floor and that prices will accelerate upwards under any future bullish sentiment. Kevin has talked about this a few times on tg and AMAs.

You can see this theory behind the €0.60 floor. It's 5X the previous floor, is a nice round number, price has bounced around there a few times, narratively aligns XCM market cap with Coinmetro's nominal valuation, etc. I know there are other explanations for the price floor floating around- but either Kevin has explicitly denied them (he could be lying ofc, but entertaining that idea basically calls the entire point of CM into doubt, in which case marketing should be the last of anyone's concerns...), or they flat out don't make any sense (e.g. the XCM to equity swap at 60c was done *before* the price floor).

1/2

Purposefully Planned
Home prices are too expensive because of raw materials and the authorities want this way. You cocksuckers really don't think the Great Reset was a real thing? It is
DO NOT EXPAND
DO NOT TRAVEL
DO NOT GROW
SHRINK
STAY PUT
EAT LESS
QUIT
The whole reason we're in this great reset shit to begin with is the type As are taking more than their fair share and the infrastructure can't keep up if we're going to envelope all the browns in to society.

>>23790316
Just generate equal net capital losses. Boom, no capital gains tax!