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<p>[QUOTE=&quot;NorthKorea, post: 1145810, member: 29643&quot;]I think... the NYSE/NASDAQ/CME/LSE/SESDAQ/TSE/NISSEI/HKX/DAX/SET/PSE/NYMEX/whatever other exchange you can think of analogy is SPOT ON!</p><p><br /></p><p>As a floor trader at any major exchange, you place a request for a bid (to fill market orders external to the reserve at your brokerage). There is a stated quote at the time of the request. At that point, the holders will compete with asking prices. If you like any, you accept. If you don&#039;t, you decline and hope that everyone else declines, as well. If anyone else accepts, the price goes up. If everyone declines (and the stock is as thinly traded as coins are), then the price will drop.</p><p><br /></p><p>Yes, dealing with a coin dealer at a coin show seems EXACTLY like being a floor trader on the NYMEX.[/QUOTE]</p><p><br /></p>

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