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A comment on Autonomous corporation “The DAO” has become the biggest crowdfunded project. Parent comment

Re:Autonomous corporation “The DAO” has become the biggest c... by cloudjacker on Monday May 16, 2016 @03:09PM (#11708782)
Ethereum's daily volume is around $22 million, and thats just on public exchanges.

So you could sell $120 million in Ether in 4-5 days also using OTC exchanges.

I've had worse liquidity on penny stocks and the options market, so you'll have to drop the meme. Cryptocurrencies are liquid enough and they continue to attract more and more liquidity.

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Re:Autonomous corporation “The DAO” has become the biggest c... by street on Monday May 16, 2016 @03:29PM (#11708935)
Uh, that's not how volume works. For one, because you'd be adding to it. But also: much of that volume is buying and selling of the same ETH.

I like your comparison to penny stocks.

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Re:Autonomous corporation “The DAO” has become the biggest c... by cloudjacker on Monday May 16, 2016 @04:03PM (#11709172)
All that matters is that liquidity begets liquidity. Volume metrics are merely referential, something with $300,000 in daily volume can easily be inferred to be less liquid than $22,000,000 in daily volume.
[ Parent | on HN ]