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Yes, that's correct. The market isn't nearly as illiquid as some of the commentors on this forum would like you to think.
by ars_technician 13y ago
Yes, that's correct. The market isn't nearly as illiquid as some of the commentors on this forum would like you to think.
- clarkmoody 13y agoAccording to my calculator, selling 1000 BTC on Bitstamp would yield $867,833 with a slippage/liquidity cost of $28,958, or around 3% of 'face value.'
- runeks 13y agoI made a little Python script that calculates the slippage from selling/buying an amount of BTC on various exchanges. Here's the result for selling 1000 BTC right now (in both USD and EUR): rune@rune-desktop:~/Programming/scripts/bitcoin$ ./depth.py 1000 1000.00 bitcoins can be sold for 956,782.15 USD on Mt. Gox with a slippage of 28,317.85 USD (2.87%) 1000.00 bitcoins can be sold for 922,365.80 USD on Bitstamp with a slippage of 18,434.20 USD (1.96%) 1000.00 bitcoins can be sold for 864,201.16 USD on Bitfinex with a slippage of 76,548.84 USD (8.14%) 44.38 bitcoins (insufficient bid volume) can be sold for 22,951.93 USD on Kraken with a slippage of 964,703.67 USD (97.68%) rune@rune-desktop:~/Programming/scripts/bitcoin$ ./depth.py -c EUR 1000 1000.00 bitcoins can be sold for 697,614.73 EUR on Mt. Gox with a slippage of 17,392.27 EUR (2.43%) No orderbook for BTCEUR on Bitstamp No orderbook for BTCEUR on Bitfinex 81.19 bitcoins (insufficient bid volume) can be sold for 52,229.71 EUR on Kraken with a slippage of 679,770.29 EUR (92.86%)