/biz/ - Business & Finance

isn't that how that's supposed to work?

>>26458241
I dont know thats why Im asking

If someone sells a bitcoin, where does that go? Into thin air? Up your bum bum? No, it goes into the wallet of the person who bought it. For each person that SELLS, someone else has to BUY. The rate at which coins are sold is exactly the same as the rate at which they are bought.

The idea is when the bars are green, there is more demand, so the prices are driven up, and when the bars are red, sellers control the market so they dump their coins and drive prices down.

>That when the line goes up, green people are buying, and when line goes red, down people are selling?

Fix'd

Yes, imagine a 13th century auction house with 1.3 million auctioneers. Everyone just wants to make a buck. People will bid what they think is appropriate, people selling will ask for what they think is appropriate. When more people see value in that thing, they’ll be bidding higher and higher with the sellers asking higher and higher, the net result is you will see green line go up. When less people see value in something, they will bid less and less, the sellers will ask for less and less, the net result is red line go down. That’s a typical trading day.
Add in factors like news reports, seeing a distinguished auctioneer placing a large order (institutions) to either sell or buy and you get to see why line go up and down throughout day.

>>26458528
>Up your bum bum
I hope

>>26458528
>>26458661
Thank you very much these responses were greatly helpful

>>26458188
yes, first things you learn about trading

>>26458188
>green people

>>26458188
if bots are people now

fuck i love capitalism. can't believe this retarded swap shop system built the modern world

>>26458188
Nope, when the green line goes up people are buying & selling, when the red line goes down people are buying & selling

>>26459467
>green people