4 ms·
yes, that's the problem. the order book is already quite thin - and in a panic, it can disappear and reappear at a much lower price.
by vasilipupkin 9y ago
yes, that's the problem. the order book is already quite thin - and in a panic, it can disappear and reappear at a much lower price.
- ifdefdebug 9y agoVery true. That's why a stop loss to market is a total suicide in this market. Better do a stop loss to limit and if the limit fails, keep your coins and wait for better times...
- mrb 9y agoBitcoin's trading volume (and implicitly order book) is already bigger (impl. deeper) than stocks with comparable market capitalization, eg: BTC: $160B market cap, ~$5B traded/day INTC: $200B market cap, ~$1B traded/day So if there was panic selling of INTC, the stock would presumably dive deeper and lower than a panic sale of BTC...
- vasilipupkin 9y agosure, panic selling is possible in INTC, absolutely. Valuing INTC is easier, though, because it actually pays dividends and because it can be compared to other stocks.
- paulpauper 9y agoit is a lot lower than than that. you have to divide by the number of major bitcoin exchanges
- vasilipupkin 9y agoNot sure I follow.