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Why don't such hitpieces talk about the non-liquidability of bitcoin? Sure the price is 15k right now, but can anyone actually convert a large number of coins t
by backpropaganda 9y ago
Why don't such hitpieces talk about the non-liquidability of bitcoin? Sure the price is 15k right now, but can anyone actually convert a large number of coins to USD with this price? Wouldn't this trigger a sharp decrease in price as soon as people start seeing people selling their BTC?
- scotty79 9y ago10btc? Sure. Just one exchange trades more than that within some hours.
- thwoaraway2 9y agoThis is an issue with liquidating most stock portfolios also, so I'm not really sure what you are getting at. This is usually worked around by people unloading in smaller increments over a longer period of time, just like people do with say a stock vestment.
- cjalmeida 9y agoExcept stock portfolio usually pays dividend or growths economically by ways of profits (or the expectation of it). Bitcoin does not grow (asymptotically) by design. So, unless you assume it has intrinsic non economic value (like gold), it makes little sense to hold it due to low liquidity. But gold is established as a value store. You can buy and sell massive amounts of it anytime you want. BTC? It's more like holding a fortune in blood diamonds.