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A comment on “We already store data. In a database. It works well”. Parent comment

Re:“We already store data. In a database. It works well” by spookthesunset on Tuesday February 11, 2020 @11:53AM (#22299947)
Oh right. The mysterious “OTC market” that somehow lets people unload their massive gains without affecting the market. Yeah right. $10 million of actual US currency is going to have a massive effect on the BTC market regardless of how it was traded.

If you could somehow unload massive amounts of BTC without affecting the market it would be arbitraged away almost instantly.

People who suggest that it is possible to unload BTC without impacting the market don’t understand finance at all. Not understanding finance, economics, math, computer science, politics and monetary theory is par for course for most BTC supporters.

[ Parent | on HN ]
Re:“We already store data. In a database. It works well” by 0x8BADF00D on Tuesday February 11, 2020 @05:01PM (#22303382)
It’s an illiquid market, I remember during the peak I needed to unload amounts several orders of magnitude lower than the amounts being discussed here. It was not as easy or straightforward as some would have you believe on here. What kind of a fool would trade real world fiat currency for an asset as volatile as Bitcoin? That’s the real question that should be asked.
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