Post
Topic
Board Bitcoin Discussion
Re: Can BTC really be a safe haven?
by
gentlemand
on 26/04/2020, 22:34:21 UTC
Bitcoin has no liquidity problems.  Even if 95% is fake, 1 billion usd volume is pretty high.

Do you need to sell more than 1billion usd in bitcoin per day? Ffs
Saying that bitcoin cant be a safe haven because it lacks liquidity is just false.

Of course it does. That's billions of dollars of churn with coins and dollars that rarely leave exchanges. If someone turns up with an urgent need to get rid of several thousand coins at once we'll sure as shit feel it reverberate through the market.

If there was a proper panic and everyone ran for the door you might be able to realise a respectable price for 1-5% of the entire supply before the price was flattened completely.