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/biz/ - Business & Finance

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57338410 No.57338410 [Reply] [Original]

What happens if exchanges run out of BTC?

>> No.57338417

>>57338410
It would be extremely painful.

>> No.57338441

>>57338410
You would not be able to purchase any BTC on that exchange.

>> No.57338502
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57338502

It's actually quite scary how little BTC is on exchanges right now. 70% is being hodl'd in cold storage for over a year, only like 2 million coins are on exchanges and many of them belong to people that don't intend to sell. You could wake up one day and just see a giant green candle as sellers dry up and relatively small buy pressure eats up all the available supply

>> No.57338580
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57338580

>>57338410
they can't retard, there's always a seller

go back to twitter or beoble, monkey

>> No.57338644

>>57338410
Nothing. Exchanges exchange crypto, they don’t hold it. The only reason they hold any is people left some there for convenience.

>> No.57339347

>>57338410
They start offering the equivalent of an “IOU”.

>> No.57339371

>>57338410
That’s how markets work. The price goes up and attracts more sellers. The real question is what happens when no one wants to sell for fiat no matter what the price because it’s a bad trade