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Again, why did the price of Luna keep going up if not for new buyers?

• Dylan16807 4y ago
  The trading price can be based on a lot of factors and/or tiny volumes of trades. The price of a stock can change drastically with almost no money changing hands compared to the market cap. Which would then not be a Ponzi.
  • unmole 4y ago
    1. The supply of Luna kept going up 2. The price of Luna kept going up 3. Volumes were massive
    • Dylan16807 4y ago
      When the algorithm was coded, they didn't know those things. It could have worked equally well with minuscule volume. Supply and price could have multipled by a million with no new investment. A Ponzi uses new investments to pay interest. If it doesn't get exponentially increasing revenue it collapses. Paying someone in more tokens or stock is different. If it collapses, it's for different reasons under different circumstances. It's a lot easier to fabricate market cap than to fabricate cash.