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Completely incorrect. The market cap of bitcoin alone is over $1.6T, and is an extremely liquid market. If you don't understand why holding bitcoin is a crucia
by npoc 2y ago
Completely incorrect. The market cap of bitcoin alone is over $1.6T, and is an extremely liquid market.
If you don't understand why holding bitcoin is a crucial strategy for the future of any country, I'd urge to you to learn more about it, and the nature of money in general.
- nabla9 2y agoIt seems I'm wrong with valuation it has surged. > extremely liquid market. No it's not. The value collapses every time there is sell side. Jumps every time there is little more than average demand.
- npoc 2y ago> It seems I'm wrong with valuation it has surged. Surged since when? 2019?! https://imgur.com/a/G9fmGur https://imgur.com/a/G9fmGur > No it's not. The value collapses every time there is sell side. Jumps every time there is little more than average demand. That's not liquidity. That's volatility - otherwise known as price discovery - completely natural in a young extremely fast-growing asset. It continuously gets over-bought and then over-sold as it continues along it's exponential path of overall growth. Just looking at Coinbase, its BTCUSD pair alone has a trading volume of ~$1B/day. How much liquidity do you want?
- palata 2y agoSimilarly, may I urge you to learn more about all the risks and issues coming with bitcoin?
- npoc 2y agoI've been studying their theories pretty much every day for the last 4 years. Perhaps you could be more specific? I will gladly educate.