liquidity will probably dry up on one side of the books when direction changes, or market makers will lag to keep their spread.
It really depends, at the peak, those with hertz holdings (not hertz debt) can force settle with a 720 minute delay, so they will be able to claim their Hertz value in BTS without trouble if they time it correctly. At the same time, there will be peak shorting pressure as all shorters will be able to experience up to 28% debt destruction (as the value drops from $1.14 to $0.86 their debt shrinks). Those who want to make a massive bet against BTS if they believe that BTS will decrease in value greater than 28% in the next fortnight can buy at the top potentially at far greater volumes than possible on the BTS:USD market.
At the trough (bottom of the sine wave), there will be peak buy pressure as everyone will want to experience hertz price appreciation as the value increases from $0.86 to $1.14 in 2 weeks time. There may be a shortage of sellers at the bottom, however there will be a massive opportunity for shorters to sell into the buy wall if they believe they can make more than 28% in 2 weeks time.
That help a bit? None of the above is financial advise, and largely guesstimation as to what will actually happen.
Yeah, that helps, thanks. I'll digest that over the next few days. Once it's trading on the Bts dex, it might compute better for me to see it doing it's thing in real time