4 ms·

Then why did the total Luna market cap go down? Surely if people still had trust it should have just diluted the token values?

• orangepurple 4y ago
  Both can be true
  • kristopolous 4y ago
    That's not the point here. It's behaviorist. Prices stay changed because the beliefs change. If people had thought this was a sane and reasonable move that didn't really affect things the price would quickly return despite the quantity increasing. The believed durability of the token changed No matter what strategy is to be used to try to repeg it, it will only work if there's faith in the price. Price isn't a thing it's a relationship between people about a thing
    • orangepurple 4y ago
      Price is the expected resale value of a good or service