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Without liquidity its point less and arguably worthless but you could transfer Gold ETFs electronically to me
by walshemj 9y ago
Without liquidity its point less and arguably worthless but you could transfer Gold ETFs electronically to me
- ithinkinstereo 9y agoBTC is pretty liquid. Tens of millions change hands hourly/daily. The linked article even cites one hodlr that purchased a professional hockey team with his crypto profits.
- dahdum 9y ago$550M on just the Coinbase BTC-USD book in the past 24 hours. $1B on Bitfinex. Liquidity is currently very strong.
- ufo 9y agoThat is trading volume, not liquidity. And we should be wary of the trading volume on bitcoin exchanges, a lot of it is manipulated. (In particular, I would never trust any numbers coming from Bitfinex)
- dahdum 9y agoCoinbase is not a sketchy exchange by any means, and while I'm cautious about Bitfinex their volume is quite believable given they are the default choice for non US persons. That's also why I quoted USD, if you include crypto-crypto volume and some of the zero fee exchanges it definitely becomes nonsense.
- dahdum 9y agoOk...last 10 minutes proved your point. That was bananas.
- relics443 9y agoIsn't there only 16m currently in circulation? Edit: ah did you mean dollars?
- quickthrower2 9y agoFiat liquidity will come once we get some more professional exchanges run doing bigger volumes. The coin itself is of course quite liquid although transaction fees mean you aren't buying your weekly shopping with bitcoin. But maybe you can pay your monthly rent.