Bitcoin Shortage - This is not a drill people!

[glebe digital]

Worth considering that many of these exchanges may not actually have the FIAT to allow folks to check out.......an enormous mass of 'value' has been created from nothing & I'd be surprised if the exchanges have the float to cover it.

[BrilloPad]

Worth considering that many of these exchanges may not actually have the FIAT to allow folks to check out.......an enormous mass of 'value' has been created from nothing & I'd be surprised if the exchanges have the float to cover it.

A bit like if everyone sold their house at once.

[TheGreenBastard]

He was posting last week to sell. He then got ridiculed. Even though he was locking in his profits.

Usual CUK knocking of anything decent.....

Locking in profits =/= predictions.

[mattfx]

Don't understand why everyone is bashing Scooter for getting a guaranteed profit..

[glebe digital]

A bit like if everyone sold their house at once.

Only if every house magically disappeared at the same time. These crypto exchanges are massively under capitalized, if you haven't drawn your loot off the exchange before it gets greasy you'll probably lose the lot.

[glebe digital]

Don't understand why everyone is bashing Scooter for getting a guaranteed profit..

I've not bashed him as far as I'm aware, well played indeed that man if he actually gets his cash out. Until you're off exchange with the cash in FIAT, you haven't made a dime. I think there will be a lot of refugees. Or is that cryptogees, can you do that?

[mattfx]

I've not bashed him as far as I'm aware, well played indeed that man if he actually gets his cash out. Until you're off exchange with the cash in FIAT, you haven't made a dime. I think there will be a lot of refugees. Or is that cryptogees, can you do that?

A bit like in "The Big Short" - as long as you cash everything out before everyone else you should be fine. I guess the trick is not to get too greedy.