/biz/ - Business & Finance

What is with all these newfags bitching about DGB going to 2000 to 1000 because of the citibank hype fading? Are they just going to completely ignore the fact that, i dont know

HOLY FUCKING SHIT WE WENT FROM 100 SATS TO 1000 SATS AND IN LESS THAN A MONTH AND IS SETTLING THERE TOO, WHAT OTHER FUCKING COIN DOES THAT!?!

My only conclusion is they dont know how trading works. You see, when a coin has a large market cap, the dips will be greater than it was when it had a lower market cap because more money is being transfered between trades. If DGB was 100 satoshi and people were only selling their 100 satoshi per share; thats only minus 100 sats for the market cap. But when the price is hire, like 2000 sats, thats minus 2000 sats for the market per share. This isnt a collapse of DGB, its literally a tank. I cant believe i have to post this again

>settles at 70 Sats from 90 sats
>goes down shortly to 50 sats
>moons to 150 sats
>settles at 100 sats
>goes down shortly to 80 sats
>moons to 400 sats
>settles at 300 sts
>goes down shortly to 250 sats
>moons to 700 sats
>settles at 600 sats
>goes down shortly to 400 sats
>moons to over 1000 sats