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MegaNerd

Could Mega-holders of CSC crash the system?

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Posted (edited)

Im using the term 'crash' very loosely. I know several (many?) people in here and on Discord own endless millions (300 million and more) CSC.

Right now, the price is low, but if and when the price goes up, its possible human nature might take over and someone may try to cash out 100 million dollars at once.

If someone place a Sell Order for $100 million of CSC, and the liquidity was there, wouldnt it ruin (at least temporarily) the entire ecosystem of CSC and crash the price?

And yes, every Sell needs a Buy, but that doesnt mean the price remains stagnant. In the stock market, Ive personally dropped the price of investments by dollars by selling for capital gains.

Edited by MegaNerd

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6 minutes ago, MegaNerd said:

Im using the term 'crash' very loosely. I know several (many?) people in here and on Discord own endless millions (300 million and more) CSC.

Right now, the price is low, but if and when the price goes up, its possible human nature might take over and someone may try to cash out 100 million dollars at once.

If someone place a Sell Order for $100 million of CSC, and the liquidity was there, wouldnt it ruin (at least temporarily) the entire ecosystem of CSC and crash the price?

And yes, every Sell needs a Buy, but that doesnt mean the price remains stagnant. In the stock market, Ive personally dropped the price of investments by dollars by selling for capital gains.

Very few people hold that many coins, they probably have a lot of coins/money because they are patient people, its not in their interest to cash out all at once and crash the price and their profits when in a high liquidity network the bots usually refill the order books immediately, patience and responsible trading is the better and incentivised way to do it

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11 minutes ago, MegaNerd said:

Im using the term 'crash' very loosely. I know several (many?) people in here and on Discord own endless millions (300 million and more) CSC.

Right now, the price is low, but if and when the price goes up, its possible human nature might take over and someone may try to cash out 100 million dollars at once.

If someone place a Sell Order for $100 million of CSC, and the liquidity was there, wouldnt it ruin (at least temporarily) the entire ecosystem of CSC and crash the price?

And yes, every Sell needs a Buy, but that doesnt mean the price remains stagnant. In the stock market, Ive personally dropped the price of investments by dollars by selling for capital gains.

With time these having big amounts will exit and will be replaced by those who just purchased. Just like any other coin went through this process, csc will.

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Posted (edited)
3 minutes ago, Marco said:

With time these having big amounts will exit and will be replaced by those who just purchased. Just like any other coin went through this process, csc will.

Yes, good point. Thanks. Just like early BTC investors used to own 100,000 BTC.

Which would have been worth TWO BILLION DOLLARS during the ATH.

Edited by MegaNerd
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31 minutes ago, Zenkert said:

Strange subject.

It suits you well! 😄 

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