You seem to be selectively quoting me in a way calculated to give the false impression that I said something obviously false instead of what I actually did say, which was obviously true. What motivates this extremely discourteous behavior?
Rebutting the grandparent's claim that Bitcoin was no more liquid than real estate was one of the main objectives of my comment. I am glad that you agree that their claim is obviously false, but I think it's unfortunate that you didn't respond to their comment to say so.
I agree that Bitcoin is less liquid than dollars, which is why I was making the exchange, actually. For other financial instruments, it depends on who you are, and whether you have an account with a stockbroker. You can't open an Interactive Brokers trading account with US$100, and it's going to be challenging if you are in Venezuela. You are going to have a hard time finding newsstands that will accept your SPY shares, but they are more liquid than Bitcoin in the sense that, given that IB account, you pay much less to convert them into dollars even if you have to cross the spread, and if you're willing to wait 20 minutes, you have an excellent chance of earning the spread instead of paying it.
But none of that compares for convenience with a guy handing me a US$100 bill.
I notice you haven't answered my question. What motivated you to treat me in this extremely discourteous way?
We're talking about this quote:
> Without an exchange your bitcoin is not a liquid asset, it's even less liquid than most commodity for which there are digital exchange marketplace. You can sell it over the counter, but that makes it an asset comparable to real estate in terms of liquidity.
There is nothing in the tone of this utterance that suggests that it's joking, sarcastic, or hyperbolic; it's a series of apparently serious, sincere, literal claims which simply happen to be completely unrelated to reality.
I don't agree with your implicit assertion that selectively quoting me in a way calculated to give a false impression that I said something obviously false is comparable in its level of discourtesy to me telling you that you are full of shit.
Rebutting the grandparent's claim that Bitcoin was no more liquid than real estate was one of the main objectives of my comment. I am glad that you agree that their claim is obviously false, but I think it's unfortunate that you didn't respond to their comment to say so.
I agree that Bitcoin is less liquid than dollars, which is why I was making the exchange, actually. For other financial instruments, it depends on who you are, and whether you have an account with a stockbroker. You can't open an Interactive Brokers trading account with US$100, and it's going to be challenging if you are in Venezuela. You are going to have a hard time finding newsstands that will accept your SPY shares, but they are more liquid than Bitcoin in the sense that, given that IB account, you pay much less to convert them into dollars even if you have to cross the spread, and if you're willing to wait 20 minutes, you have an excellent chance of earning the spread instead of paying it.
But none of that compares for convenience with a guy handing me a US$100 bill.