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/biz/ - Business & Finance

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11066462 No.11066462 [Reply] [Original]

IF the exchange is holding millions of LINK. and people are buying tons and not selling. How does the price stay the same?

I've been watching the orders go through non stop, for weeks.
Huge buys followed by small sells.
It seems like the price will never go up, no matter how many LINK are purchased.

does binance just start selling them for as low as possible? WTf

tl;dr link can't moon can it? no matter how many you buy, it's going to be stuck at 27 cents for fucking ever.

>> No.11066490

>>11066462
Are you retarded?

>> No.11066498
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11066498

>>11066462

>> No.11066508
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11066508

>>11066462
Lol try putting up a huge buy order, you'll see 20 sell walls appear immediately.

>> No.11066524

>>11066462
>the price will never go up, no matter how many LINK are purchased
for the sake of the collective intelligence of this board please be LARP

>> No.11066645

>>11066462
Lol there plenty of people selling..go back in the Btc chart a week or two and someone systematically sold a little over a million (it was when the price went under 4K sat)..not to mention day traders and bots who don’t give shit about long term price potential and flip it for a few % at a time..