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To put it in perspective, the daily volume in BTC is a few 100,000s. 5-600'000 BTC is $10B. Sure the Winklevoss twins can't liquidate their entire holding in a
by ucha 9y ago
To put it in perspective, the daily volume in BTC is a few 100,000s. 5-600'000 BTC is $10B. Sure the Winklevoss twins can't liquidate their entire holding in a week but if you only have a few million dollars worth of bitcoin, you can liquidate in a few days without moving the price significantly.
The other major crypto-currencies are more or less liquid in proportion to their market cap.
- etr-strike 9y agoNot sure what you’re measuring... gdax alone averages around 25k btc traded per day. At today’s price that’s 450mil usd
- ucha 9y agoThanks, I mistakenly wrote million instead of billion. Edited.