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The author states this myth perfectly: Every cryptocurrency is its own pot of money. When people sell, they are taking money out of the pot. When people buy, t
by panarky 4y ago
The author states this myth perfectly:
Every cryptocurrency is its own pot of money. When people sell, they are taking money out of the pot. When people buy, they are putting money into the pot.
It's a popular myth but it's obviously bogus when you realize that for every buyer there is a seller.
So when people buy a gold bar, or 100 shares of AAPL or a cabin at the lake, the money the buyer puts in is exactly offset by the money the seller takes out.