Hi crypto chaps, can someone explain to me why I see everyone in the crypto world highlighting adoptions and market prices are falling down?
The way I understand it is that if people wanted to be part of a market there would be an increase of demand, therefore an increase of price. On the other side if people wanted to get rid of an asset they would sell it as soon as possible, causing a decrease in price, as there would be a greater offer than demand.
Do regular market dynamics not apply to the crypto world? Are these constant marketing campaigns about adoption trying to bring new suckers into the market? Because that is what it looks like to me.
The way I understand it is that if people wanted to be part of a market there would be an increase of demand, therefore an increase of price. On the other side if people wanted to get rid of an asset they would sell it as soon as possible, causing a decrease in price, as there would be a greater offer than demand.
Do regular market dynamics not apply to the crypto world? Are these constant marketing campaigns about adoption trying to bring new suckers into the market? Because that is what it looks like to me.