Quote from: Damage_Dealer on November 28, 2017, 03:24:02 PM

Why are you holding an illiquid token then?

Your answer is in your question. If there is no liquidity, how can you sell?

Quote from: Damage_Dealer on November 28, 2017, 03:24:02 PM

You should've sold it long ago, going by your logic.

It's not quite as simple as "just sell it" when dealing with large numbers.

We're not exaggerating when we say there is virtually zero volume/interest in Blockpool right now...and the vast majority of the volume that does exist are ^large account holders offloading. This is not my opinion. This is factually quantifiable by looking at trading volume.

There are only 5BTC worth of >$0.01 buy orders on the books, as I type this. That means if you, me, or anyone wanted to take $50,000 worth of BPL profit right now ^{a small amount by crypto standards}, that market sell would crash Blockpool's price to one penny. Literally.

That exact situation has already happened twice this week...

Look at Blockpool's 1W chart:
https://imgur.com/a/PyVHd

You see long stretches of doji candles where literally nobody is trading BPL. The volume spikes circled in red coincide with flash crashes. These are large account holders dumping; but since BPL is illiquid, and there weren't ^{(and still aren't)} enough buyers on the books wanting to buy BPL for more than a penny, a single whale flash crashed the market to a penny.
One penny.
And that was only a portion of his stack.

Now we're competing against each other to sell hundreds of thousands of BPL on an illiquid market.