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RE: DAILY STEEM REPORT OCTOBER, 10TH

in #steemit8 years ago

I haven't been in Crypto long enough to understand if there is a bottom. What eventually happens?

If we get to a certain low in either price or volume, do the exchanges stop trading it? Just curious if anyone has experienced one of these plans go "bust"?

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Exchanges don't care about the price. There are many coins that trade with some volume at right around a satoshi (0.00000001 btc/coin).

If volume drops to very low levels, however, some exchanges would consider de-listing.

Steem and Steem Dollars have a long way to go before that happens.

Even if exchanges delist a coin, I'd expect a community to survive for sometime.

Thank you for the reply.