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BTC 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 cr

BTC 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 ago
  That 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 ago
    Coinbase 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 ago
    Ok...last 10 minutes proved your point. That was bananas.
    - ufo 9y ago
      What happened?
      - dahdum 9y ago
        Coinbase added Bitcoin Cash to GDAX. BTC plummeted from mid $17.8k to $14.9k in 15 minutes, now back to $16.6k. ETH from $857 to $700 same period, back to $771 now. Good times...
relics443 9y ago
Isn't there only 16m currently in circulation? Edit: ah did you mean dollars?