Re:A Prediction: Bitcoin Is Doomed to Fail
by crististm on Wednesday November 27, 2013 @05:48PM
(#6811712)
The point is the liquidity of houses is less than liquidity of cash. Likewise, the liquidity of bitcoins is less than liquidity of dollars. You can easily buy bitcoins(houses) if you have the money, but the reverse is not true.
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Re:A Prediction: Bitcoin Is Doomed to Fail
by jnbiche on Wednesday November 27, 2013 @08:44PM
(#6812547)
>You can easily buy bitcoins(houses) if you have the money, but the reverse is not true.
With the exception of Mt. Gox, this is simply not true. It's hard to both buy and sell Bitcoins if you've not been verified at an exchange, but once you do that (not very hard), it's equally easy to both buy and sell. The only delay is the time needed for the wire or ACH to arrive.
I get the feeling that many of you are talking confidently about something you have no experience with. Where are you getting the idea that it's hard to sell Bitcoins?