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Ethereum founder talks disguising purchases to make them look like a legit ICO

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Re: Ethereum founder talks disguising purchases to make them look like a legit ICO

#21

Post by defaultprimate »

cinntaile wrote: post #20
defaultprimate wrote: post #19

Earlier quoted context omitted.

I'm not interested is discussing crypto's made up redefinitions of long standing, well understood financial terms. Crypto is illiquid. It has no intrinsic value.

I took the financial definition, there is no special crypto definition. Here's a few paraphrased definitions: > liquidity describes the degree to which an asset can be quickly bought or sold in the market at a price reflecting its intrinsic value. > A liquid asset has some or all of the following features: It can be sold rapidly, with minimal loss of value, anytime within market hours. The essential characteristic of…

https://www.investopedia.com/terms/l/liquidity.asp

>without affecting its market price

Re: Ethereum founder talks disguising purchases to make them look like a legit ICO

#22

Post by cinntaile »

defaultprimate wrote: post #21
cinntaile wrote: post #20

Earlier quoted context omitted.

I took the financial definition, there is no special crypto definition. Here's a few paraphrased definitions: > liquidity describes the degree to which an asset can be quickly bought or sold in the market at a price reflecting its intrinsic value. > A liquid asset has some or all of the following features: It can be sold rapidly, with minimal loss of value, anytime within market hours. The essential characteristic of…

https://www.investopedia.com/terms/l/liquidity.asp >without affecting its market price

I have replied to this before, but I can add some additional info. No regular buyer or seller has the capital to affect the market price in any significant way. Huge orders don't end up on the market, just like on regular exchanges, precisely for this reason.

Re: Ethereum founder talks disguising purchases to make them look like a legit ICO

#23

Post by defaultprimate »

cinntaile wrote: post #22
defaultprimate wrote: post #21

Earlier quoted context omitted.

https://www.investopedia.com/terms/l/liquidity.asp >without affecting its market price

I have replied to this before, but I can add some additional info. No regular buyer or seller has the capital to affect the market price in any significant way. Huge orders don't end up on the market, just like on regular exchanges, precisely for this reason.

> No regular buyer or seller has the capital to affect the market price in any significant way

Which is absolutely not the case in crypto, further evidence of how illiquid it is.

Re: Ethereum founder talks disguising purchases to make them look like a legit ICO

#24

Post by cinntaile »

defaultprimate wrote: post #23
cinntaile wrote: post #22

Earlier quoted context omitted.

I have replied to this before, but I can add some additional info. No regular buyer or seller has the capital to affect the market price in any significant way. Huge orders don't end up on the market, just like on regular exchanges, precisely for this reason.

> No regular buyer or seller has the capital to affect the market price in any significant way Which is absolutely not the case in crypto, further evidence of how illiquid it is.

What do you base this on? I don't see how you can affect the market price of any of the big crypto's in any significant way as a regular buyer or seller, there are simply too many market participants. This is not the case for the smaller ones obviously, although even there you'll likely need a bit of capital (compared to the other market participants for that specific crypto). The smaller ones are basically a drop in the ocean compared to the big ones.

Re: Ethereum founder talks disguising purchases to make them look like a legit ICO

#25

Post by tata71 »

defaultprimate wrote: post #15
cinntaile wrote: post #13

Earlier quoted context omitted.

You could put your house up for sale at $20 million but if people aren't buying it, then that's not what it's worth. Then value and price don't match. This isn't the case for cryptocurrencies that are traded on liquid markets, price discovery is happening all the time. Maybe it's worth $100 tomorrow or $5000, it doesn't really matter. It's still what it's worth at the time.

Maybe you didn't see what I said the first time: Price and value are not the same. Ponzi schemes require buy in but still have no underlying value. Also lol at crypto markets being liquid. In stablecoins maybe. Liquidity literally means volume has very limited effects on the price of an underlying. $100 or $5000 tomorrow is definitionally illiquid

> Also lol at crypto markets being liquid

What have you had issues buying or selling on Uni or Sushi?

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