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A user on Reddit checked out the exchange rate spread between them and Coinbase and found was about $1. That is about 0.17% at the current prices. An incredib
by pmorici 12y ago
A user on Reddit checked out the exchange rate spread between them and Coinbase and found was about $1. That is about 0.17% at the current prices. An incredible deal by any measure.
- rhino369 12y agoAlmost too incredible. They must dump the coins on the market right away to less volatility risk. Did they check the exchange rate for buying on Coinbase or selling. Coinbase might be playing with the exchange rate too.
- wcummings 12y ago>They must dump the coins on the market right away to less volatility risk. If they had any reasonable volume wouldn't it make more sense to stagger their selling? On a long enough timeline it'd probably even out, especially if they did something more clever than "sell X% every Y minutes"
- pmorici 12y agoThey may have agreements with private buyers like the SecondMarket Bitcoin trust that would help move a lot of coins w/o moving the market and being exposed to second by second price changes.