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A comment on Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal. Parent comment

Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by rebuilder on Tuesday September 05, 2017 @12:36AM (#15172566)
To go from altcoins to fiat, one needs to first buy Bitcoin with altcoins, then sell Bitcoin for fiat. Why would this not be price neutral for Bitcoin?
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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by zhte415 on Tuesday September 05, 2017 @06:09AM (#15173809)
No. Because volumes at different price points, and spreads, differ. Not transitive.
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