All you can say is there were more buyers than sellers
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But is the cash-back in exchange for selling your information? In which case, the grocery store paying 3% CC fees, but passing on part to you through the agency of your CC company's cash-back program, is actually giving you a 1% discount on milk in exchange for your information?
Spending any time working as a market maker ruins your brain because you realize that simple concepts like "price" don't have any meaning at the level you care about.
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The world is just a collection of intentions to buy or sell certain quantities at certain levels, asking where the "true price" is is like asking which atoms in a block of ice have a temperature of zero celsius.
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Especially if those intentions are conditional, fleeting, or disingenuous.pic.twitter.com/sgme1TYOM8
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I can go to
@BurgerKing right now and get a $5 Whopper Jr. Meal if I have a coupon or the BK App but it costs $10 if I don't have the coupon or the app so which is the real price if there is no scarcity of "coupons," hmmm? BK, feel free to chime in. -
Or you just memorize the code 9141 for 2 of everything $5 Jr meal and benefit from a little WhopperArbitrage, a lot of Fries Arbitrage you don’t report, and you donate the extra soda cup to a bum to write it off and avoid jail time. Robert Smith Playbook. He’s a visionary.pic.twitter.com/oN5JaqPvHL
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