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"Bitcoin is tiny in comparison with a very illiquid (is that a word?) market. " The idea of Bitcoin being illiquid strikes me as being quite ironic.

• avn2109 13y ago
  Liquidity != Volatility. There are many cases when it's hard to turn BTC into $US/Danish Pastries/Gold Bars; this makes it illiquid. Try getting your money out of MT Gox.
  • yen223 13y ago
    The irony is that Bitcoin is supposed to be a replacement for cash. Technically, it should be the most liquid thing out there.
    • obi-nine 13y ago
      When it's accepted everywhere for anything it will be. But that's still a ways off.
    • dopamean 13y ago
      I got what you're saying and I totally agree. I think the problems with liquidity contribute heavily to the volatility as well.