AS BITCOIN'S PRICE PASSES $10,000. ITS SEEMS UNSTOPPABLE. BUT GETTING OUT OF SUCH AN ILLIQUID ASSET CAN BE HARDER THAN GETTING IN

in #bitcoin7 years ago

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On the way, the currency has been controversial. The bose of JPMORGAN Chase, Jamei Dimon has called it a fraud.
It is easy to muddle two separate issues. Blockchain issues.
Bitcoin can be used to buy and sell things. There are three main functions. Means of exchange, Store of value, and unit of account.
A currency is also a unit of account for debt. Paul Mortimer- lee of BNP Paribas, a French bank, tartly remarks, " imagine if you had financed your house with a bitcoin mortgage."

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Illiquid? I offloaded some Bitcoin last month. It took me 10 minutes.

it might takes few minutes

But you said it is illiquid and hard to get out. That is not true.

I just learned that from a link but not sure about that

Hello back atcha

very nice article about bitcoin Sir

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