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by npoc 464 days 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.
2 comments
nabla9 464 days ago
It 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.

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npoc 464 days ago
> It seems I'm wrong with valuation it has surged.

Surged since when? 2019?!

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?

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palata 464 days ago
Similarly, may I urge you to learn more about all the risks and issues coming with bitcoin?
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npoc 464 days ago
I've been studying their theories pretty much every day for the last 4 years. Perhaps you could be more specific?

I will gladly educate.

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