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its in ETH, not dollars, so it would be quite difficult to convert without slippage because the markets are quite illiquid. Basically, people trading their ETH
by isubkhankulov 9y ago
its in ETH, not dollars, so it would be quite difficult to convert without slippage because the markets are quite illiquid.
Basically, people trading their ETH paper gains as a diverisification play.
- Animats 9y agoIts in ETH, not dollars. Oh. This suggests that ETH is way overvalued and illiquid. We're about to find out how liquid Bitcoin really is. The Mt. Gox bankruptcy trustee has 202,185 Bitcoins and may have to convert them to yen.
- dna_polymerase 9y agoETH is not illiquid per se. Those ICOs just happen to collect 0.1% of all the circulating ETH, imagine you would go to a stock broker with 0.1% of all USD circulating...