Quote:
Originally Posted by jscott
Probably Michael Saylors conference, interviews with corporations are hitting the tubes.
Could be because US is passing a $1.9 TRILLION stimulus.
or possibly because people realizing their cash is losing value every second they hold it.
Might be because people holding old school gold decided they want a better store of value with properties superior than old school gold
... list goes on....
What you're talking about is a non auditable and infinite supply of shares, zero liquid. That is probably some sort of fraud with a dabble of wash trading.
You talking about Enron?
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While his example wasn't really the best pick,the idea(not the illegal part) was correct regarding different projects, more exactly those with market cap of hundreds of millions of $s but with extremelly low liquidity,which confirms that the respective 'market cap' for those ones is only on paper.
I also explained him that this problem is not one seen in bitcoin,as volumes/price are 20x bigger than in late 2017/early 2018