hodlers don’t contribute to price discovery so market price is always biased towards what non-hodlers think it is
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but having an expectation of it going higher (and voting with your dollars kept there) IS a form of incorporating individual information and expectation into collective price discovery no?
yea, refraining from voting kicks off the brakes. “i guess i’ll ride the stupid train as far as it will go” contributes to increasing price but it isn’t the discovery of the “real” price as it exists in the collective mind
