[mrb]

Bitcoin's trading volume (and implicitly order book) is already bigger (impl. deeper) than stocks with comparable market capitalization, eg:

BTC: $160B market cap, ~$5B traded/day

INTC: $200B market cap, ~$1B traded/day

So if there was panic selling of INTC, the stock would presumably dive deeper and lower than a panic sale of BTC...

[vasilipupkin]

sure, panic selling is possible in INTC, absolutely. Valuing INTC is easier, though, because it actually pays dividends and because it can be compared to other stocks.

[paulpauper]

it is a lot lower than than that. you have to divide by the number of major bitcoin exchanges

[vasilipupkin]

Not sure I follow.