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For an illiquid commodity like gold, I could see this being true. But in the crypto markets, participants have plenty of other choices. More likely is the "fire
by ArtWomb 6y ago
For an illiquid commodity like gold, I could see this being true. But in the crypto markets, participants have plenty of other choices. More likely is the "fire sale" scenario that was so wonderfully depicted in the film "Margin Call". Early investors are willing to unload at pennies on the dollar just to survive another day ;)
Looks like CrossTower has already de-listed XRP from its exchange. Incredible how fast information gets digested in crypto markets!
https://thecryptoreport.com/an-sec-victory-in-ripple-case-would-render-xrp-untradeable-market-pros-say/ https://thecryptoreport.com/an-sec-victory-in-ripple-case-wo...
- Scoundreller 6y agoXRP holders: So, what you're telling me, is that the music is about to stop, and we're going to be left holding the biggest bag of odorous excrement ever assembled in the history of capitalism. You: I’m not sure that I would put it that way, but let me clarify using your analogy. What this model shows is the music, so to speak, just slowing. If the music were to stop, as you put it, then this model wouldn't even be close to that scenario. It would be considerably worse.
- jeffbee 6y agoGold futures are very liquid. They are as liquid as stocks. Any commodity future is much more liquid than any crypto.