3 ms·
> This is a lie. Source?
by ur-whale 6y ago
> This is a lie.
Source?
- londons_explore 6y agoI'm not sure how to cite "I placed a sell order to match an existing market order, and the majority of the market order was withdrawn 1 millisecond before my order was confirmed, as seen on the websocket message timestamps, and this happened multiple times".
- gruez 6y agoThat's not too surprising if you consider that orders are added/removed multiple times every second.
- ben_w 6y agoIMO, probably better to say “incorrect” rather than “lie”, as the latter implies intent to deceive. While I am extremely skeptical about BTC (and even though this post is about a BTC scam), I don’t doubt the sincerity of its proponents.
- antb123 6y ago10 million market order shouldn't move the market too much if against USD on a US exchange. You can always just call an OTC broker and the spread is typically 0.3-0.5%
- ur-whale 6y agoWhat you describe is highly dependent on the exchange you use and doesn't match my experience at all. Also, advice, if I may: use limit orders, you're trading in a bot ecosystem, market orders are rarely a good idea.
- smabie 6y agoYou think some players are getting last look? I am very interested in this, email me if you would like to disclose more info (products, exchanges, etc where this happened).
- 55555 6y agoSome volume is fake. A lot of real volume is from market makers and other bots. The rest is from people. Almost all of this volume dries up in the face of volatility. If the market moves, people wonder if maybe the seller knows something they don't, and so they pull their limit buy orders and wait. This means slippage occurs in practice more than it would appear.
- 55555 6y agoTo be clear, I mean all types of volume will dry up. The bots will pause, and the people will be scared.