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The huge USD value of this market seems odd. It either points to how rich these cryptocurrency holders are, or how illiquid their market is. It’s all very wel
by gorgoiler 6y ago
The huge USD value of this market seems odd. It either points to how rich these cryptocurrency holders are, or how illiquid their market is.
It’s all very well having 18.78Ꮆ (gorgcoins; ~$687,441) but if all you can do with them is buy 18.78Ꮆ of Cryptotchotchkees then it doesn’t seem like such a big deal.
I guess, if you’re stuck with an exit, what you really need to do is to make some kind of a market for some new product that can only be bought using gorgcoin. Then you’ll finally be able to sell your gorgcoin for USD, and buy a lambo / Patek / heart operation.
- gorgoiler 6y ago> ...stuck without an exit...
- electriclove 6y agoNBA Top Shot runs their own very liquid marketplace (when it is, cough, up). It is 100+ times more liquid than selling physical cards on Ebay. Yeah, if you buy some random crypto art, you may be stuck with it just like in real life.