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This is not true. I used to be a professional market maker in Bitcoin. This year, Bitcoin market is relatively calm in at least half of the time, meaning 12 hou
by btcd 7y ago
This is not true. I used to be a professional market maker in Bitcoin. This year, Bitcoin market is relatively calm in at least half of the time, meaning 12 hours out of a 24-hour day, longer than most established equity market. Under these normal conditions, trading $1m worth of Bitcoin moves the market by less than 0.01%.
- londons_explore 7y agoCitation needed. Checking the bitfinex order book: https://www.bitfinex.com/order_book https://www.bitfinex.com/order_book A trade of $10M, or 1250 bitcoins, would move the market by 6%
- sobani 7y agoMaybe pick an exchange that isn't #60 based on transaction volume? https://coinmarketcap.com/rankings/exchanges/ https://coinmarketcap.com/rankings/exchanges/