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> Smaller markets with lower liquidity moves more. Above a certain level of liquidity the difference is marginal to nonexistent. Bitcoin certainly exceeded tha
by voisin 5y ago
> Smaller markets with lower liquidity moves more.
Above a certain level of liquidity the difference is marginal to nonexistent. Bitcoin certainly exceeded that level. This was not a small, illiquid market.
- rawtxapp 5y agoJust pull up some order books from exchanges, 10-100M$ worth of market orders would move the market in a meaningful way, you can't do the same in a more established market 40x the size. Bitcoin gets a lot of press, but in the grand scheme of things it's still very tiny.