Why Exchanges List Small-Cap Coins Despite 51% Attacks
I am new to crypto however mainly my understanding of the article is that weak cash exist on exchanges as a result of the trade accrues alot of cash by way of transaction charges when they’re being traded. Much greater than extra Reputable cash similar to Bitcoin. This is as a result of small cap cash expertise extra quantity on account of their decrease costs, therefore are extra accessible and liquid for most individuals. The article ended with a query as to why they rise after they’re attacked. I believe the primary cause is greed. Traders do not care if there’s been an assault. If there may be an ongoing assault and costs are fluctuating wildly, it merely turns right into a Bonanza for merchants. We do not know there’s been a hack till it is reported, when merchants see market motion they simply dive in. The early chicken will get the worm. Post assault is one other shopping for alternative for merchants and traders. We are publish assault due to this fact the assault will not be related anymore, that could be a previous occasion. Also an assault would not undermine a coin or crypto-currency, shopper confidence will not be diminished by just a few unhealthy actors. Let’s face it, each assault is a chance for merchants to catch a prepare that they missed or double down.