3 ms·
That's not a relevant percentage. You'd need to look at the amount of Bitcoin that trades regularly. Also, I wasn't saying anything about slow speeds. I was sa
by antonvs 7y ago
That's not a relevant percentage. You'd need to look at the amount of Bitcoin that trades regularly.
Also, I wasn't saying anything about slow speeds. I was saying that the ability of the market, on a single smaller exchange, to absorb a $40 million trade in 20 minutes is not traditionally what you'd call a thin market.
- jacques_chester 7y agoSuppose for the sake of argument you knew that this wouldn't require blockchain confirmation because it's an exchange trade. And suppose you knew that indexes follow exchanges. And suppose you knew that these exchanges are poorly scrutinised. To the point that, hmm, you could just trade with yourself to pump or dump the price. A market composed of yourself and yourself is, by any measure, pretty thin.
- davidgerard 7y agoNow, you might think wash trading is rampant on bitcoin exchanges, but that's because it is. https://medium.com/@bitfinexed/wash-trading-bitcoin-how-bitfinex-benefits-from-fraudulent-trading-8bd66be73215 https://medium.com/@bitfinexed/wash-trading-bitcoin-how-bitf...