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/biz/ - Business & Finance

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22739889 No.22739889 [Reply] [Original]

Explain.

>> No.22739966

I said explain you filthy kikes. How is link dumping when a large majority of people are buying? Who is suppressing the price?

>> No.22739988
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22739988

>>22739889
Binance is the market maker on link and they have been pushing it down with like 50k tokens for weeks. This is unironically a gift, but every faggot here is going to call me a coping bagholder.

>> No.22740104

In all markets, the amount sold is equal to the amount bought. The fact that a larger % of customers increased their net position only means that the amount sold was divided among less users than the amount bought. The stat doesn't have any significant underlying meaning.

Example: There are 10 customers in coinbase. They transact a total of 210 link in a day. 7 customers bought 30 link each (7*30=210 bought in total), while 3 customers sold 70 link each(3*70=210 sold in total). Price went down because buyers were not willing to buy unless sellers kept on offering lower prices. The result: the price went down, and 70% of customers increased their net position in link, while 30% decreased their position.

>> No.22740135

>>22739889
It means idiot marines are buying and whales are dumping

>> No.22740371

>>22740135
Actually it literally means the opposite

>> No.22740407

>>22740371
How so?
The whales are few in number and the marines are large in number.
70% buy means you have many people buying what only a few are selling

>> No.22740436

>>22739889
Chainlink Grants

>> No.22740592

>>22740407
>>22740371
>>22740135

It's impossible to compare the account size of those selling/buying from the stat presented by OP.

All the stat says is that there were 70% net buyers, 30% net sellers. This NECESSARILY means that *on average*, each seller sold 7/3s of the amount each average buyer bought, and that each buyer bought (on average) 3/7s of what the average seller sold.

There is no way of knowing if those who sold had lots of link and sold a low % of their position, or if they sold most of their position, just as there is no way of knowing if those who bought increased their position by a little or a lot.

The end.

>> No.22740621
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22740621

>>22740407
i literally have to post this everday

>> No.22740623

>>22740104
>>22740592

take your logic and get the fuck out of this board

we are not interested in that shit

LINK $0 EOY

>> No.22740643

>>22739889
DMG is an Ethereum token too

>> No.22740656

>>22740623
kek

>> No.22740816

easy explanation, a lower amount of people with bigger dumps and a larger amount of people with smaller buys