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It's funny to read this knowing the author is a billionaire (or maybe a little under with the recent crypto crash). I guess he is HODLin'.

• marginalia_nu 4y ago
  Well he's a hypothetical billionaire. Problem with holding lots of crypto is that you can't really liquidate your crypto without tanking the economy. That's the point of all the crypto grifts going around, to get people to buy into crypto so the whales can exit.
  • olalonde 4y ago
    That's not true, the crypto market is very liquid nowadays. Around 22 billion dollar volume for Ethereum in the last 24 hours for example and multiple known billion-dollar trades (Tesla, MicroStrategy, etc.). He probably could have liquidated all of his ETH by now if he had wanted to. And definitely enough not to have to live out of a backpack.
    • marginalia_nu 4y ago
      How much of that is wash trading?
      • olalonde 4y ago
        It's difficult to know for sure but even if we pick a ridiculously high number, like 90%, we're still in the multi-billion dollar daily volume range.