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It is worth that based on current market cap although with slippage it’s likely worth less as dumping it all at once would be a fire sale. * but im sure you’re
by medellin 4y ago
It is worth that based on current market cap although with slippage it’s likely worth less as dumping it all at once would be a fire sale.
* but im sure you’re just making a snarky comment so people know you think bitcoin is dumb.
- acdha 4y agoLiquidity also matters: if they tried to convert those bitcoin into dollars what are the odds that they’d find anything like buyers at the $1.5B range without causing some market upset?
- colechristensen 4y agoThis is why the parent used the word “slippage”.
- acdha 4y agoI think it’s insufficient: that normally refers to someone using a market order and getting a small bit off of what they expected but, especially lately, I wouldn’t rule out an attempt to cash out something in the billion range causing much greater volatility because people are worried about more hacks or fraud coming to light.