You are viewing a single comment's thread from:
RE: How Many People are Truly Using Crypto to Avoid Capital Controls?
@calaber24p thank you for sharing this.
Will you share the approximation of the marketcap needed?
we need to reach a marketcap level where a group of people cant hurt the price in an afternoon. We also need liquidity on much higher levels so quick movements can be easily done.
No one really knows. I mean it might end up coming down to a better distribution than a specific market cap. I would say anything that doesnt move more than 2.5% daily would be ideal. I pulled that number from my ass by the way.
Yes, I know - which is why I asked for an approximation.
I often think that the current worldwide capital flows transacted have a hidden surprise that only a few are privy to.
The massive capital flow into FINTECH signals the urgency, and will cryptocurrencies be accepted by the populous before the hidden surprise - is it literally a race for (market?) events?
I think market cap is a bit overemphasized because of how thin the crypto trading markets are. It's tough to say what Eth's real market cap is after seeing that flash crash, for example.
Just a thought, I'm sorry I can't estimate an answer to your question.
Thanks, I want people prepared for the market correction(s) coming...