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Someone must be selling them at 30 cents, for other people to buy it. So some people are definitely making money.
by josu 5y ago
Someone must be selling them at 30 cents, for other people to buy it. So some people are definitely making money.
- meowster 5y agoI used to be active in crypto subreddits. It's incredible how many people don't realize 'for every buyer, there is a seller'. A lot of the commenters did not grasp basic economics.
- eli 5y agoI wonder how often they're the same person
- graeme 5y agoYes but that doesn’t mean people are selling large amounts each day. What is the volume? And how much of it is wash trading?
- josu 5y agoThe volume has been huge, at some point it was the most traded perp on FTX. I don't think wash trading is that prevalent (except for maybe in some minor books on Binance).
- deleted 5y ago[deleted]