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I doubt there's even 1.7bn worth of Ethereum liquidity available altogether, let alone enough capable of supporting that figure in a 30 minute selloff. What wil
by SI_Rob 8y ago
I doubt there's even 1.7bn worth of Ethereum liquidity available altogether, let alone enough capable of supporting that figure in a 30 minute selloff. What will likely happen is at most 5-10% gets liquidated over the course of a few months to a year and the rest makes the rounds in crypto-crypto OTC deals, or otherwise simply never moves to cash at all.
- wmf 8y agoSo you're proposing, what, that Telegram raised money not to use it but for PR? Or just to sit on it Scrooge McDuck style? Granted, at a $100M/year burn rate it would take them a long time to spend it anyway.