Would you look at that….

So 6 days ago I made my post about PTGC. Go check it out by clicking on my profile or searching through #ssjcrypto for it

But funny enough, the price is up 50% since that post :)

How did the price go up 50%?

Well, like anything else, more people bought it than sold it

But don’t forget. If you read my post. What does that mean?

It means every one of those buys and sells that happened from last week until now, helped buy and burn the token, and pay out rewards to the holders and stackers.

Without going into it, let’s just say, this week’s yield can easily double my hive account lol

That is why, selling hive, to buy stuff that goes up, allowed you to bring in more money than you took out.

For example. Let’s say, someone sells $1,000 worth of hive

And they put that into something that goes up 10x, and they bring all that $10,000 back to hive. That means there is $9,000 of net buy pressure being added to hive.

Now, if hive’s price also 10x’s then you took a lot of steps to stay right where you are.

But let’s be real, hive is not designed to go up. Again, this is fine, every token is meant to do its own thing. If you are buying hive and NOT participating in with the posting, connecting, meeting people, following new people, learning from different cultures, and realizing its all powered through a community blockchain, makes you really appreciate the power of hive. Even without all the green candles.

However, hive is known for going on wild runs, days where it’s up 50% in a 24 hour period. We even saw LEO make wild moves like this.

Unfortunately, due to slippage, caused my thin liquidity, those spikes don’t usually last long, and are often isolated on certain markets.

PTGC though, doesn’t even need human interactions to generate volume. For example, one of PTGC’s amplifier tokens, had over $20,000 in bot volume with the eHEX pair alone due to eHEX running over 50% on the day (that is right, a coin did 50% in a day and is even higher today lol)

So, a coin, connected to UFO, pumped, creating bot activity fixing the prices amongst other LP’s, and this volume was taxed, and feed into the UFO and PTGC buy and burn.

Have I lost you yet?

The more you read up on it the easier it’ll be to understand.

Trying to explain it to someone is the best way to practice