Liquidity is more of a concern to sellers than buyers. Buyers will naturally migrate to the market with the lowest price at the moment they wish to buy...as ever the lowest price is at craptsy. Currently Zeit is 28% cheaper at craptsy than at either of the BTC markets. The lowest price is ALWAYS at craptsy, because that market is being held down by a bot. Coincidentally or not so coincidentally that's also the market that sets the price of ZeitCoin and the other markets follow. The only good thing about the fake price action at craptsy is that the spreads are artificially kept low.
Craptsy is again malfunctioning btw, there's a bid and ask posted at the same price point. Their software has done this regularly for months...if not years. It's really a very poorly run exchange.
Liquidity is also an issue for buyers as well. If I can spike the price 70% just using a 2 BTC investment, and I see that there's no real liquidity on the ask side............well any smart investor would think twice before buying in to any significant degree.
Similarly, low liquidity in every market is a problem for our coin in general, for the reason that it makes our coin vulnerable to pump-and-dump. We don't want it to be easy to "pump" the price of Zeitcoin any more than we want it to be easy to "dump" those same coins. After all, maybe the "dumpers" are people who accepted the coin as payment, and now they need to liquidate it for LTC and from LTC to fiat currency just to be able to pay bills. If we as knights are not rich enough to absorb 5 Billion zeitcoins worth of volume at 10 satoshi (500 BTC), then 10 satoshi is clearly too high.
Low liquidity, both on the ask and the bid side, is bad for us if we don't want to be subject to pump and dump. It is better in the longer term to have high volume and high liquidity in a narrow price range, then low liquidity and volume in a wide price range (even if that price range is higher than the narrow one). The higher the volume and liquidity, the more protected Zeitcoin will be against these price swings.
This liquidity issue is not going to go away for the foreseeable future , reason being all of crypto still functions as commodities (like Gold, Silver, & Oil, we are all brought & sold on an
irregular basis .
But as time goes on as more zeit is used in transactions, liquidity will improve and a balance will be created, but as with all commodities will still be subject to the laws of supply & demand. Zeit itself was fairly stable between 450 to 500, it was the liquidity issue for litecoin which we are matched with , that caused the massive dumping of zeit for fiat currency, during litecoin pump.
In the next month or so litecoin may or may not drop back to below $2 , if it does then Zeit can see a boom in price as traders stock back up compensating for any decrease in LTC prices returning us to the 500 range, waiting for another litecoin pump to dump again.
Fiat Traders were after a
quick buck and they made a profit, but ours is a long play with rewards much greater planned than the pittance , the quick traders received.
All crypto is a roller coaster where you can make a massive profit or a massive loss.
Assigning a set price per zeit at the current time is way too soon, because one of the major draws is the fact it can be purchased for so little and it's potential price could be 1000 times higher in a few years.
Best course of action , is to keep a barf bag for the really volatile days, and hold on for dear life all of the time, Because the Zeit Roller coaster is going to be the ride of a lifetime.
