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On top of the fees there's another point you have to consider: not all buyers will buy at $2k. You may be able to sell 0.1 BTC, but further buyers will buy at d
by rakoo 9y ago
On top of the fees there's another point you have to consider: not all buyers will buy at $2k. You may be able to sell 0.1 BTC, but further buyers will buy at decreasing prices, such as $1950, or $1920 or further down. So for bigger volumes you get less than the current advertised value, which is the max you can get if you sold the minimum amount of BTC.
- btc_throughaway 9y agoThis is called slippage. https://www.investopedia.com/terms/s/slippage.asp https://www.investopedia.com/terms/s/slippage.asp
- dahdum 9y agoTrue, but the spread at GDAX BTC/USD frequently hovers around $0.01, and within $0.05 of the price there'll be 10's of bitcoin available. A quick check right now had 5.2 BTC (~$86k) on either side of the $0.01 spread. Slippage has plummeted as exchange volume has gone up.