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Nov 15 '17 at 8:47 comment added BlackBeltBob You state understanding supply and demand, then show you don't. If you bought 1 billion coins at $1, then there would be 1 billion coins fewer for all other users. If the total cap is 100 billion, then you have effectively gained 1% of the total supply. If everyone wants the coin, then the remaining 99% will be more expensive, unless there are 99 people remaining, each wanting exactly 100 billion. If there are 100 people remaining, then 1 is going to want to pay a little more to buy them, inflating the price.
Nov 14 '17 at 20:52 comment added Bablo I think I understand the supply and demand part, as well as the average between the high and the low. However, how can demand alone change the price? Let's say there is a brand new currency in the crypto world, and assume that I have $1 billion dollars with which I purchase 1 billion coins at $1 each. If some mechanism doesn't respond to my massive purchase in some way, all of the following buyers would continue buying at $1/coin, right?
Nov 14 '17 at 20:37 history answered Philips Kuyper CC BY-SA 3.0