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RE: Why Developers Should Build New DApps and Migrate Existing Ones To STEEM!

in #steem • 6 years ago

The buy sell orders determine the overall mc. What would happen if someone wiped the whole buy order book? Hehe.
That could happen with steem pretty easily. How much steem is there on exchanges? Someone could come in and buy all the orders on all exchanges. What would happen is that the highest sell price would be the one that determines the overall market cap.

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6 years ago in #steem by
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     6 years ago 

    So we basically need a whale to buy up all the orders on the book and set us up for a 10 billion market cap. Hmm.... who could do such a thing for us? Maybe we should hire some fishy market maker companies to pull it off just so that we can unload our bags temporarily to buy the dip :D

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       6 years ago 

      Haha. What do you do when everyone starts to sell. 😁

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         6 years ago 

        Buy the bottom :D

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