this post was submitted on 04 Dec 2023
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Microblog Memes

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[–] alienanimals@lemmy.world 34 points 11 months ago* (last edited 11 months ago) (1 children)
[–] eskimofry@lemmy.world -4 points 11 months ago (3 children)

what's funny is it will crash if nobody buys it.

[–] alienanimals@lemmy.world 16 points 11 months ago (2 children)

What’s funny is you just discovered how supply/demand works. It applies to literally everything you can buy.

[–] eskimofry@lemmy.world 1 points 11 months ago

Kind of a smarty pants reply considering i know elastic vs. Inelastic demand is an exception to this rule.

[–] DragonTypeWyvern@literature.cafe -3 points 11 months ago (2 children)

Not really, no.

Because the things I buy have use.

For example, a gun.

[–] misophist@lemmy.world 5 points 11 months ago
[–] SuckMyWang@lemmy.world -1 points 11 months ago* (last edited 11 months ago) (1 children)

If I had 10 bitcoin I could use it to have someone steal your gun. I wouldn’t but you get the point. Or even better I could buy it off you for half a bitcoin

[–] DragonTypeWyvern@literature.cafe 4 points 11 months ago* (last edited 11 months ago) (2 children)

I hope this is a shitpost because you can say the same thing about any currency.

Or guns. Surprising number of folks that will take guns in trade.

Also...

How much do you think a gun costs?

[–] HelloHotel@lemm.ee 0 points 11 months ago
[–] Da_Boom@iusearchlinux.fyi 5 points 11 months ago* (last edited 11 months ago) (1 children)

No, it won't even go up if nobody buys it. It will instead stay the same value it currently sits at

It will crash if everyone who still has some tries to sell it.

[–] eskimofry@lemmy.world 1 points 11 months ago

If nobody buys it for long periods of time people will see the hump and freakout and this will trigger the firesale. I am sure this happens for at least SOME products.