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RE: How attractive is the SPS as a takeover target?

in #steemtalk • 4 months ago

At the haircut price of...

With the quantities under consideration, if they started converting all of it wouldn't they be likely to reduce supply enough to start affecting the haircut level, maybe even getting out of the haircut zone completely?

4 months ago in #steemtalk by
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     4 months ago 

    Yeah, and if someone bought $20 million worth of Steem, that would drive the price sky high. Hence, this paragraph:

    It's clear that these numbers have no real meaning on any single day, since activity at this scale would change prices throughout the ecosystem, but I still think the numbers might be interesting as a day to day/week to week comparison tool.

    The point is to compare from day to day, not to guide actual investment decisions.

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