RE: GS204 Jan 2024 05:50
Apologies guys not been about much and just trying to catch up on activities. Firstly on the BTC volume quoted in BTC, compared to $ turnover quoted - I also believe it is out by a factor of 100, as it seems to be this multiple consistently so can not see how liquidity pool could constantly be same factor - Unless this is a requirement for an exchange so they do not become illiquid - Maybe worth asking the company. As for BTC and volatility, this is the benefit of the exchange - We earn more money on BTC volatility than steady increase in BTC price - Typical example - We earn more trading 2 x BTC at 39k than 1 at 50k - Yes basic but simplicity is sometimes easiest way to look at things sometimes.
As for the seller, had very similar in ARB, soon as they were done the SP went bonanzas. Once seller is out, coupled with some good updates I’m super confident same will happen here, only any rise here will be far more sustainable and be a naturally progressive process ! All above is obviously just my opinion but one I believe will play out, hopefully starting sooner rather than later ! Happy new year all !