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Can anyone give an credible estimate of the net currency flow between bitcoins and conventional Forex market? (no investments in mining) By all means be Bitco
by Nokinside 9y ago
Can anyone give an credible estimate of the net currency flow between bitcoins and conventional Forex market? (no investments in mining)
By all means be Bitcoin fan, but unless you can answer my question, you know nothing.
Every time the market sell side , the BTC value drops like a stone. Bitcoin has large market liquidity risk and Winklevoss brothers have liquidity problem. Bitcoin markets don't seem to have any resiliencey and breath. There are no controls for market manipulation.
- scalesolved 9y agoI cannot answer your question but BTC comprises $191 billion market cap out of $342 billion market cap of all crypto currencies. Perhaps they'll diversify into other coins, withdraw to Fiat via this too.
- Nokinside 9y agoMarket liquidity problem means that they can't diversify easily. Any large withdraw would collapse the price. That's why I was asking the question. Market cap can be billions or trillion, especially in manipulated markets, but if you can't withdraw your money with that price it was not real value.