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Dylan LeClair · 116w
Joined CNBC last night for a few minutes to talk #bitcoin https://m.primal.net/HWSb.mov
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theplatinumbear @theplatinumbear
Yeah. It doesn’t seem that bitcoiners want to have a conversation around how illiquid bitcoin could become because of diamond hands. I would say that there are a few pow coins that our undervalued compared to #bitcoin. All assets are either overvalued or undervalued compared to other assets. I think #bitcoin is undervalued compared to the market. However, I think #bitcoin is overvalued compared to other pow coins.
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nostrich · 116w
That framing assumes that illiquidity will have the same effect as in traditional monatery assets, ie: dry up potential market activity. Due to the absolute scarcity, demand is expressed only through price. We've never had an asset like that and believing the market will respond the same as it alw...