I dgaf that people like to press sell, I will continue to talk about superior security practices & technology & opportunity. I've mentioned Bitcoin, it went down 95%. I've mentioned Ethereum, it went down 95%. I've mentioned HEX, PulseChain, PulseX, ProveX, some of them went down 95%, but not all. I'm the guy that told you that nearly things in crypto tend to have massive drops. Yall pressing sell ain't gonna stop me from saying smart things and bragging about being right.
How to feel better when you're down $. ETH dropped $1500. The supply is 121M. That's $185B of pain across all the holders. But you don't hear $185B of crying. Most holders have seen all this before, or don't even bother to check. You're dipped back to 3 months ago price btw.
And the numbers aren't actually real anyway. Everyone can't sell the top and everyone can't sell the bottom. Everyone's imaginations as to what they could have sold for are for numbers that are just that. Imaginary. Nothing in the world has infinite liquidity (except fiat currency, lolol. money printer go brrrr) So when you see a high price, or a low price, realize that it's only that high or that low for a very small set of holders or buyers, because anyone that tries to capture it moves it. It's like a hallucination that when you reach for it, it's not there.
That being said, historically, people that follow this account have had some pretty cool insights regarding tops, time and time again. So that's nice. Investing is a game where the impatient lose their money to the patient, where there's product market fit.
We don’t need centralised exchanges listings.
We don’t need scummy influencers shilling us.
We don’t need a million tokens launched.
We don’t need them, they NEED us. The sooner you guys all realise that, the better. Our community is and will remain on top.
$HEX #PulseChain
BREAKING: Richard Heart is hinting that the HEX, PulseChain and PulseX case will get dismissed
We will very soon get a ruling, which @RichardHeartWin believes “we have a much better shot at than any other case in all of crypto”
We are going to win
And we are going to shock the world
People speak with certainty about things they don't understand. Richard Heart educates you. Today, HEX is primarily paired with PLS. If people buy PLS to buy HEX, it drives up both the price of PLS and HEX vs the $ at the same time. It's reflexive.
AMM example people are used. $1 of DAI and 1 of HEX in a PulseX pair. Someone pays $1 DAI and gets 0.5 HEX. Now the HEX price is $4.
Example Richard Heart teaches you. $1 of Dai and 1 PLS in a pair. 1 HEX and 1 PLS in a pair (HEX is $1, because it trades 1 for 1 with PLS and a PLS is $1 in this example. Someone pays $1 of DAI to get 0.5 PLS. Now the Price of PLS is $4. Then they pay the 0.5 PLS they got to buy HEX from the HEX/PLS pair. This moves the price of HEX up 2.25x vs PLS. (Price moves as a square in PulseX pairs, because that's how x*y=k automated market maker systems work. Since you added 50% to the PLS in the HEX/PLS pair, 1.5x * 1.5x = 2.25x.
So now your $1 of DAI moved PLS up 4x, and HEX vs PLS up 2.25x. So now a HEX is 4x * 2.25x = 9x higher price. That's how reflexive systems work. You moved a think up that moved another thing up as well. These are estimates, you have to stick the real numbers in there, and there's pairs to stables which aren't as reflexive.
TLDR; People are underestimating price moves because they're not counting for reflexivity in things that paired with other things that are paired with stables.
These are just rough examples with made up numbers. This is not advice of any kind. Do your own research, check the math yourself.
#Ethereum.
https://t.co/RibU10muBE shows that over 1 Trillion $PLSX have been burnt. There's just not that much PLSX available for sale on PulseX. There's not even 2T total across all the pairs. Even if you had $100,000,000 of DAI, you'd only get 0.3T PLSX. You could split the DAI on the ETH side into ETH, USDT, USDC to get more PLS more efficiently to swap for PLSX or for INC to PLSX (autorouter already plans that), and you'd get more, but still; there's just not much PLSX for sale in the AMM compared to how much is shown burnt.
Remember that in PulseX, the prices move as a square function, so every time you double one side of a pair, you halve the other side, making a 4x price move. SO if you want to reduce the PLSX avail in the AMM by 10x, then you have to 10X the other side. And that, in isolation, would be a 100x price move.
Not advice. Do your own research, check the chain and math yourself.
Anyway, most of the liquidity in an well functioning market isn't sitting in an order book usually. For instance, what % of total houses are for sale at any given moment. And what % of total money is sitting in bids?
Math is fun.
TLDR; I'm surprised at how much the buy and burn function people execute is eating up PLSX supply.