RE: ADSactly Crypto: What Is Liquidity In Cryptocurrency?
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In these days, the government of Venezuela tried to valorize its crypto-currencies by taking out large amounts to the market, but they were not supported financially, which led many businesses that received such crypto-currencies, to make losses. Now, some Venezuelans, ignorant about crypto currencies, do not trust this form of payment, not realizing that the currency is not the problem, but the lack of liquidity that the government has. As always, clear and educational your post. Thanks
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Yeah distribution of a new currency especially one that is not forced on the people by government mandate will have issues with adoption because its up to individuals confidence in the medium! As we see with Bitcoin its taken 10 years to gain some sorr of confidence anoung a small subset of the world and over time as their becomes more avaiable it comes into the hands of more people and liquidity improves at a healthy market rate