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How easy is it to sell bitcoins now? Especially for large amounts, can someone just cash 1000BTC on mtgox now?
by borplk 13y ago
How easy is it to sell bitcoins now? Especially for large amounts, can someone just cash 1000BTC on mtgox now?
- crististm 13y agoNobody has an answer for you, but this is a very legitimate question. If you can't cash out at any time, the market is not liquid and the $1000 value is just smoke. I believe that the BTC valuation is based more on newcomers expectations of growth and less on anything tangible - like trading it for goods or cash. We will probably see the facebook scenario where everybody -before IPO- was shouting the incredible 100billion valuation while secretly hoping enough fools will jump to buy shares to raise the price so they could cash out in profit.