2 ms·
Who or what service is going to give you $50mm in real money for Bitcoin in a 24 hr period,
by jjeaff 7y ago
Who or what service is going to give you $50mm in real money for Bitcoin in a 24 hr period,
- spookthesunset 7y agoNobody. You’ll never find an answer and just get mumbles. The truth is crypto trading in actual USD (not tether) is super thin. Everything else is smoke and mirrors.
- csomar 7y agoI actively trade these markets, so I have some insights. While I didn’t do $50m-$100m on a single day, I’m judging by market depth on the different exchanges I trade at. There many small fish trading with a small ($500k-$1m) capital on a 3-5x leverage. They can do some days 5-10m of volume in usd.
- spookthesunset 7y agoAre you trading in actual dirty government fiat (USD) or fake tether (USDT)? There is a huge difference. And also note that some of the larger exchanges aren’t very upfront about which currency you are actually trading in...
- csomar 7y agoYou’ll have to split this amount between 7-10 exchanges. That becomes 5-10m/exchange. Coinbase volume today was $150m. $5m should be feasible over 24hours and btc trades 24/7.