3 ms·
tldr: there is a lot of real-world variables missing from this This is very inaccurate because the trades execute immediately. Very rarely are you able to actu
by throwaway2016a 9y ago
tldr: there is a lot of real-world variables missing from this
This is very inaccurate because the trades execute immediately. Very rarely are you able to actually execute a trade immediately.
That's true even in the stock market. Stock market simulators need to build in a slight delay to be accurate.
More often in bitcoin you are putting in speculative buy and sell orders at a fixed price and they execute as soon as someone is willing to sell/buy at that price. It could trigger in minutes or weeks (or never) depending on how the market moves.
Also, I'm not sure if the prices here are agregate accross multiple exchanges but in reality the book of orders needs to be deep enough in your exchange to actually execute the order.
If the deal is in another exchange you would have to transfer your coin to take advantage of it and at current network speeds by the time the coin gets there your deal will be gone.
- adtac 9y agoYou could place a market order: buy at the lowest sell price in the order book. It's usually very close to the last trade price, making it a pretty decent approximation.
- will_brown 9y ago>there is a lot of real-world variables missing from this The most real world variable missing is taxes. In short coins held less than a year can be taxed at a 39% rate on the high end and a trade on a coin held more than a year is 20% (again on the high end). Even those numbers vary on the traders tax bracket (income). It is significant, especially when you don’t know and the IRS audits you adding late fees, penalties and maybe legal fees.
- zerostar07 9y agoIt s only a game after all.
- shiftpgdn 9y agoMany exchanges keep soft balances as far as I know so coins don't move until you attempt to withdraw. This prevents slow transaction times & high fees.