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This individual or group is going to face the same issues everyone who makes huge gains in crypto faces: Limited liquidity. You may have $200 million in your "
by zupreme 9y ago
This individual or group is going to face the same issues everyone who makes huge gains in crypto faces: Limited liquidity.
You may have $200 million in your "wallet" but it's not a lot of use to you unless you can find enough people to give you "real money" in exchange for your cryptocurrency.
I tan into this issue early on with Bitcoin. I was an early miner and at one point had some serious coin on hand. Unfortunately selling it all took a really long time and of course because it took so long my gains fluctuated wildly from transaction to transaction. I still walked away from the experience with more money than I had going into it - but nothing like I would have had if I had simply been able to dump it all at the peak of the market like I could do with a blue chip stock.