[arcticbull]

Market cap is not worth for a currency. There’s incredibly limited liquidity in the market relative to the market cap, and even the ETF trying to list recently showed 95% of all volume in the crypto space was fake.

Try and pull a few million dollars worth out and watch what happens. It did just plunge 33% on some small withdrawals, what exactly are you waiting for?

[tofurocks]

Selling a few million dollars worth of bitcoin would only slip the market a couple of dollars if at all. Go look at bitmex or bitfinex's order books - they have plenty of liquidity.

[arcticbull]

95% of that volume is fake [1] especially on bitfinex haha, they’re the scammiest. When they launched they were just importing order books from other exchanges to make it look like they had volume, and they launched Tether when they lost banking which also lost banking and had hundreds of millions seized for money laundering. Bitfinex is the biggest scam in the space and that’s saying a lot.

[1] https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-repor...