2 ms·
It might make sense for receivers of the Founders Reward to pay such huge sums, even knowing full well that the price can only go down. They would keep buying c
by tromp 10y ago
It might make sense for receivers of the Founders Reward to pay such huge sums, even knowing full well that the price can only go down. They would keep buying coins while the price slowly drops, just to make the eventual floor, where more people will consider it a bargain, higher than it would be otherwise. It's all about creating a perception of value.
There is no tragedy here, IMO. Just some calculated market manipulation...