Re:Yahoo Finance has added over 100 cryptocurrency quote pages
by rakoo on Monday December 11, 2017 @07:26AM
(#15896617)
On top of the fees there's another point you have to consider: not all buyers will buy at $2k. You may be able to sell 0.1 BTC, but further buyers will buy at decreasing prices, such as $1950, or $1920 or further down. So for bigger volumes you get less than the current advertised value, which is the max you can get if you sold the minimum amount of BTC.
[ Parent
| on HN ]
Re:Yahoo Finance has added over 100 cryptocurrency quote pages
by dahdum on Monday December 11, 2017 @11:40AM
(#15898148)
True, but the spread at GDAX BTC/USD frequently hovers around $0.01, and within $0.05 of the price there'll be 10's of bitcoin available.
A quick check right now had 5.2 BTC (~$86k) on either side of the $0.01 spread. Slippage has plummeted as exchange volume has gone up.
Re:Yahoo Finance has added over 100 cryptocurrency quote pages
by btc_throughaway on Monday December 11, 2017 @07:28AM
(#15896627)
This is called slippage.