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RE: Join me in flagging @haejin - 46k in ABUSE REWARDS

in #steem7 years ago

Actually, price discovery involves haggling. You can't just have a bunch of asking prices without bids. Otherwise, the price runs away to high heaven. The asks and bids meet in the middle and you have an agreed price.

Likewise, if you just had bids alone, the price would collapse to zero. You don't want that either. Combined, you reach an equilibrium.