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https://coinmarketcap.com/exchanges/volume/24-hour/ https://coinmarketcap.com/exchanges/volume/24-hour/ Trading volume on Bitfinex is in the 100s of million, a

by xmodem 9y ago

https://coinmarketcap.com/exchanges/volume/24-hour/ https://coinmarketcap.com/exchanges/volume/24-hour/ Trading volume on Bitfinex is in the 100s of million, and in the 10s of millions on most of the other exchanges. You could do it in a day but it's probably the upper end of what you could trade without risking having an impact on the price. You'd want to be careful not to dump it all in one transaction.

Animats 9y ago
That may not be real liquidity. It may be the same money going round and round. The famous "flash crash" of 2010 happened when a big mutual fund did a real sell, for cash, underestimating the real liquidity of the market. "Between 2:45:13 and 2:45:27, HFTs traded over 27,000 contracts, which accounted for about 49 percent of the total trading volume, while buying only about 200 additional contracts net." - SEC report.
davidgerard 9y ago
In-exchange volume indicates nothing about actual US dollar liquidity. That and the fact that you can't get actual US dollars out of Bitfinex. (Which is what triggered the present bubble - unable to withdraw their USD, people bought more cryptos with them because there was literally nothing else they could use them for.)