News for hackers. Stuff that matters.

A comment on One of the largest owners of Bitcoin, reportedly held over 1B dead at 41. Parent comment

Re:One of the largest owners of Bitcoin, reportedly held ove... by GaylordTuring on Tuesday June 29, 2021 @07:46AM (#27674504)
Prices are set by the order books, including how many that are willing to sell and to what price. If a large amount of coins are removed from the market, and the buying pressure stays the same, that will lead to higher prices.
[ Parent | on HN ]
Re:One of the largest owners of Bitcoin, reportedly held ove... by jayd16 on Thursday July 01, 2021 @07:41PM (#27706269)
If they weren't being sold then, again, the amount available to buy is unchanged.
[ Parent | on HN ]