Regarding price, percentage of volume is the important metric. It is not relevan... | Hacker News

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runeks on April 11, 2014 | parent | context | favorite | on: Bitcoin Falls Below $400

Regarding price, percentage of volume is the important metric. It is not relevant that ~12M bitcoins exist, if only, say, 1% of these are for sale on exchanges. Only coins for sale on exchanges help stabilize the price.

harryh on April 11, 2014 [–]

But what exactly does "for sale on exchanges" mean? Presumably a great many coins that didn't trade hands yesterday are still for sale at some price.

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