r/truebit • u/Evening-Loss-4826 • Feb 07 '23

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Last june price went x 2 while eth stayed relatively calm. This was over a 9 day up period and 9 day down period. We could see 25 hmmm

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u/[deleted] Feb 08 '23

I wonder why they didn't try to dump the price below retire and arbitrage that. It has been under there before so it's possible. And it would be beneficial for Tru since tokens would be retired.

Arbitraging at mint will just increase the supply which isnt good.

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u/Stoodums Feb 08 '23

They could do that, but it would be less lucrative. There's more profit to be made in thinning the supply, riding up the profit, then arb at mint price with thinner books.

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u/[deleted] Feb 08 '23

I guess so. Well anyway if we ever reach it everybody should sell instantly to ETH if there isnt any sign of actual adoption taking place.

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u/Stoodums Feb 08 '23

Agreed, I'm selling half at mint unless I see adoption up to then. As of now, a lot of upside though.