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> because in most markets moving the market you will lose money to slippage. The market price will retract after you bump it. That's not slippage. Slippage is
by jcfrei 7y ago
> because in most markets moving the market you will lose money to slippage. The market price will retract after you bump it.
That's not slippage. Slippage is when you get filled at a higher (or lower) price than you were expecting. Prices moving up when an asset is bought is normal on traditional exchanges as well.
- wruza 7y agoI’ll second that, as there seems to be a strange connection between slippage and fundamentals in GP comment. 7777fps, can you please expand on that a bit more?
- papln 7y agoI think 7777fps just meant that if you buy up an asset with a balance of supply-demand you bid up the price, but then when you try to sell it, you drive the price back down. But with BTC being a speculative asset, since there was already an excess of demand (price increase), and the excitement of the rising prices drives more demand, by buying up coins you drive up the price even further faster. It's a classic pump-and-dump or market-cornering model. The bubble will burst eventually, unless fundamentals grow enough to cover the speculation.