In the Middle Ages, due to high illiteracy rates, paintings often served as the main medium of communication. Today, media communicates through monitor screens and their pixels. Pixels are rectangular dots created by hardware that combine to form text or images. Currently, the pixel is the smallest unit of media communication. Cryptopunks, NFTs created by Canadian software developers Matt Hall and John Watkinson in 2017, are images composed of rough-resolution pixels. Although their value has increased due to their historical significance, ‘Cryptopunk #7523’ from the series was sold for $11,754,000 at Sotheby’s auction on June 10, 2021, because it conveyed rarity and history through its rough pixelation. This NFT, which utilizes square pixels as a tool, conveys a similar concept to Lego blocks, which are meant to be constructed with blocks. In media, messages are created, distributed, and valued based on the nature of the expression tool. The tool is the message. - Joseph’s “just my th...
Demand > supply = price increases, demand < supply = price decreases. We all know that the laws of supply and demand set prices. This rule also applies to stock trading; however, there is a high probability of error when using this rule to judge the volume balance of buy/sell stocks in the limit order book. The key factor is the ‘remaining volume (balance).’ The volumes of stocks listed on the limit order book are meant for trading, but traders can manipulate some of the specified prices for illegal purposes. Additionally, in an uptrend, the seller submits a higher price, and the transaction is not executed immediately. Conversely, in a downtrend, the buyer sets a price to buy at a lower price, allowing the unsold balance to accumulate. In the limit order book, the principle works in reverse. Of course, it cannot be applied 100% in every case. - Joseph’s “just my thoughts”