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RE: Against DCC means against HIVE !

in LeoFinance3 years ago

@scholaris.pob sold with 0.04 hive. That price was there for a long time. I think if the token will be only for tipping, the liquidity is good if you mean by that total supply. And even if I'll create a tribe, the earning from posts will be limited to 1 or 10 dcc. I thought about that idea, I think once @vempromundo wrote about that as well.

Anyway, I'm new to all this. The most interesting that I learned that only for $25 a token could be created with very high market cap, one developer even told me that all tokens will go to 0 for a long time because it's free money. So, maybe even the liquidity will not save the situation for any token created. But, I'm not sure, it's just my conclusion depending on what I know.

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He sold 100 at 0.04 (and received 4 HIVE for that transaction) but he also sold 650 at 0.00000001, and received 0.00006 HIVE for that transaction.

By 'liquidity' I am referring to the small number of tokens available to buy or sell. If just one person decides to sell and there is no BUY wall (as was the case when @scholaris.pob decided to sell) then the price will go to zero, if that person is willing to sell at whatever price he/she can get.

I noticed as well another thing. I had there a sell order for 1 hive each. It was 10k when I put it there and it turned to about 9700 or something like that. It was canceled automatically. I don't know if they have limits for orders to stay there, or what exactly happened there. Maybe a bug or something, but that order was there for almost a month or more. So, I've seen others putting orders for 0.8 and 0.9 and they are still there. I told myself, let them sell to enjoy that money. That's why I didn't ask developers about the situation. I don't know if you know something about that or no. Could they cancel orders automatically ?

I believe Hive-Engine puts time limits on BUY and SELL orders (i.e. they automatically expire after a certain amount of time -- I'm not sure how long that is, a couple weeks, I think).