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Yeah, very fair point on this. Are private secondary markets just by default eternal bull markets? What's the price correction mechanism? Devaluation due to mas
by EternalData 9y ago
Yeah, very fair point on this. Are private secondary markets just by default eternal bull markets? What's the price correction mechanism? Devaluation due to massive supply/demand imbalances?
Interesting space to get involved in, for sure.
- mathattack 9y agoIf the market is small enough and there isn't leverage, you can have long term price dislocations. (Example: penny stocks) If the purchases are funded by borrowing, then eventually the debt payment come due and force corrections.