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Good luck cashing that out without crashing the market. Somebody pointed out, just a few days ago, that a $10k sell-off recently scrubbed 25% off BCN/USD. A 4
by kwis 16y ago
Good luck cashing that out without crashing the market. Somebody pointed out, just a few days ago, that a $10k sell-off recently scrubbed 25% off BCN/USD. A 400,000BCN sell-off would almost certainly drop it to pennies.
- weavejester 16y agoI suspect that anyone confident enough in the Bitcoin economy to invest that amount of money is not looking to cash out quickly. They may be gambling that Bitcoin becomes a commonly-used internet currency, in which case they stand to gain a lot of money in the long term. edit: Ah, I see your point. You said "redeem back to cash". Yes, that probably wouldn't work in an economy only worth a few million :)