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A comment on We will not pursue the potential acquisition of FTX. Parent comment

Re:We will not pursue the potential acquisition of FTX by porb121 on Thursday November 10, 2022 @12:46AM (#33542756)
> You can absolutely find a buyer instantly! At about the same price it traded for five minutes ago! Just not at the price you need it to be.

this is extremely stupid. you can't just sell arbitrary amounts of coin without moving the market a ton and paying a fortune in slippage. they do need liquidity.

[ Parent | on HN ]
Re:We will not pursue the potential acquisition of FTX by quickthrower2 on Thursday November 10, 2022 @01:06AM (#33542879)
You are strengthening their point though. It now becomes:

You can absolutely find a buyer instantly! At about the same price it traded for five minutes ago, actually scratch that, it even worse, it is that price MINUS SLIPPAGE! Just not at the price you need it to be.

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