3 ms·
If you're just moving money, you need to hedge your gdax long with a leveraged short with a size that covers your BCH purchase. It's no good buying a dip if the
by Cypher 8y ago
If you're just moving money, you need to hedge your gdax long with a leveraged short with a size that covers your BCH purchase. It's no good buying a dip if the dip keeps dipping before you found a buyer.
Also worth noting that the liquidity on Indodax is poor. The 24h volume for BCH is only $97,437 so selling $2,000 worth of BCH will take an hour (on average) to fill and the more people that use this method to send money home the harder it will be to get filled above market. From the liquidity point of view you'll be better off using BTC as it has 12x the liquidity.