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It is obvious that all the new cryptocurrencies are just like that econ 102 class simulation, and just as vulnerable to gaming, but this time with real money."
by teekert 5y ago
It is obvious that all the new cryptocurrencies are just like that econ 102 class simulation, and just as vulnerable to gaming, but this time with real money."
Isn't the whole stock market? I always wondered, they call these companies "billion dollar companies", but does that take into account the order book and how steep sorted order prices drop of?
- mikewarot 5y agoAs far as I can tell the only criteria is price at close. I assume that all the outstanding sell orders below a given price are filled first, so you couldn't just double the price of Apple, Inc. by swapping two shares at twice the previous closes.
- ric2b 5y ago"Banging the close" is definitely a thing, should probably use daily VWAP instead.