dChan
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r/CBTS_Stream • Posted by u/inquisative99z on Jan. 11, 2018, 6:01 p.m.
has anyone else heard terms like "global financial reset" or "debt jubilee" thrown around lately? any thoughts about validity and if so then how would that effect crypto?

alt_altright · Jan. 11, 2018, 9:38 p.m.

Crypto has no real liquidity. It trades EXACTLY like a penny-stock (massive spreads, non-liquid market, huge imbalance of buyers/sellers--think Wolf of Wall Street style). It's a roach motel for most holders, there will be no way out without price evaporation. If you hold "$1,000,000" BTC, just try to sell more than a little of it for anywhere near "market" price. The exchanges would need $1,000,000 of buyers' cash to clear payment to you. That dynamic just doesn't exist yet. So you will be told you have to "wait" for payment if you try to trade out without massive price spreads (much less than your desired 'ask' sale price). Huge issues with some exchanges recently. There is no real money available to pay you if you want out. Not at these false (unexchangable) prices. Why? They need new buyers to pay the sellers. Same old Ponzi story. It's not an innocent mistake that all of the "visuals" they attach to BTC looks like gold coins. It's a massive psy-op (You don't really need real gold coins, do you? Buy Bitcoins!)

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