Loading ...Which brings us back to the real problem, which is liquidity or lack thereof. You see when Ponzi schemes are inflating, a lack of liquidity is a feature because it allows small transactions to move the price a lot. However, on the downside, the same is true – small transactions move the price down a lot. Let’s say gamblers followed Zerohedge into the BitCasino but suddenly for whatever reason it doesn’t go to infinity. Instead it’s rolling over -30% every hour. Next thing you know, confirmation times are blowing out to hours, then days. What to do?
Nothing.
Getting back to the Dow, let’s say gamblers spent the better part of ten years all getting on the same side of the market amid the lowest volume and volatility in casino history. Next thing you know, the Dow isn’t going to infinity anymore and they want to get out. However, there’s no algo on the other side of the trade, since they are by design liquidity takers, not liquidity makers. What to do?
Nothing.
Which brings us to today and the fourth down open in a row.
First off, the BTFD team is taking their ball home:
ponziworld.com