> All this having been said would I consider buying and holding some bitcoin as very LIQUID asset, and cash equivalent. But how liquid Bitcoin really is? Supp

> All this having been said would I consider buying and holding some bitcoin as very LIQUID asset, and cash equivalent. But how liquid Bitcoin really is? Suppose you have 1 BTC on your phone. Can you instantly turn it into cash (and vice-versa)? Does that depend on a single Bitcoin exchange, which can stop working suddenly leaving you stranded? Does it have to go through your bank account or your credit card account? This is probably not an issue if you live in a place with a high enough amount of Bitcoin users, since many of them could be willing to exchange Bitcoins and cash with you. But otherwise, it's a relevant question to ask.