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Its not $10B worth. If you tried to liquidate, convert into another currency or asset etc there wouldn't be enough buyers at $9500, $1 would be much more likely
by xchaotic 8y ago
Its not $10B worth. If you tried to liquidate, convert into another currency or asset etc there wouldn't be enough buyers at $9500, $1 would be much more likely towards the end of selling...
- xtracto 8y agoI don't think it would go all the way down to $1. I made a simple analysis of BitStamp's order book (https://www.bitstamp.net/market/order_book/ https://www.bitstamp.net/market/order_book/ ) considering all the bids and, in total, only in that market you have $22.5 millions available in bids going from $9275 to $7429 for a weighted average of $8462 in price. This for a portfolio of BTC that at the current market price ($9275) would be $24.5 millions. This means that the slippage will take ~9% of the price It is safe to assume that CoinBase has a larger order book, so I think that the slippage could go down to 50% if you wanted to sell $10B worth of BTC, so it would be more like $5B. Sure, that is if you want to sell it in one go, but usually you make a stop order or a limit order to protect you.