News for hackers. Stuff that matters.

A comment on Bitcoin's Use in Commerce Keeps Falling. Parent comment

Re:Bitcoin's Use in Commerce Keeps Falling by sorokod on Sunday August 26, 2018 @01:40PM (#17846887)
It is weird, if you can't buy and sell with bitcoin daily(whatever that means) what value does it have for you?
[ Parent | on HN ]
Re:Bitcoin's Use in Commerce Keeps Falling by mathattack on Sunday August 26, 2018 @01:49PM (#17846934)
Illiquid investments can still have value if they’re out of the reach of governments. (Governments can’t decide the exchange rate, or tax/confiscate them)

This is a stretch in the US, but less so elsewhere.

I’m not a holder because it’s too speculative an investment for me.

[ Parent | on HN ]
Re:Bitcoin's Use in Commerce Keeps Falling by sorokod on Sunday August 26, 2018 @02:01PM (#17847006)
So what happens when one actually does wants to liquidate?
[ Parent | on HN ]
Re:Bitcoin's Use in Commerce Keeps Falling by mathattack on Sunday August 26, 2018 @06:32PM (#17848297)
Go into another currency. (Yes it’s risky, but not compared to cash in Venezuela)
[ Parent | on HN ]
Re:Bitcoin's Use in Commerce Keeps Falling by tedunangst on Sunday August 26, 2018 @09:35PM (#17848894)
How does one liquidate an illiquid asset into another currency?
[ Parent | on HN ]