madfranks
22nd November 2013, 08:45 AM
There have been a few very noticeable sell walls put up recently on the LTC exchanges, like this one:
http://s7.postimg.org/bz9qd83qj/LTC_Sell_Order.jpg
What we're seeing here is one early adopter selling his hoard that at one time was worth a few dollars, and is now worth close to a million. Who is buying this? Thousands, maybe tens of thousands of recent LTC adopters. This is called the networking effect, and as LTC moves out of one person's hands and into the hands of thousands of new people, this strengthens the entire network, as there are more people with real interest in it. The new network is more valuable than it was before, because it now serves a larger customer base.
http://s7.postimg.org/bz9qd83qj/LTC_Sell_Order.jpg
What we're seeing here is one early adopter selling his hoard that at one time was worth a few dollars, and is now worth close to a million. Who is buying this? Thousands, maybe tens of thousands of recent LTC adopters. This is called the networking effect, and as LTC moves out of one person's hands and into the hands of thousands of new people, this strengthens the entire network, as there are more people with real interest in it. The new network is more valuable than it was before, because it now serves a larger customer base.