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A comment on Bitcoin and almost every other cryptocurrency crashed hard today. Parent comment

Re:Bitcoin and almost every other cryptocurrency crashed har... by sowbug on Friday December 22, 2017 @10:27AM (#15988093)
Your numbers are off by more than a factor of 1,000. As of a couple days ago, you could liquidate $30M (not $30K) on GDAX with a market sell order (which would be the worst possible way to sell) for more than 95% of last-quoted price.
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Re:Bitcoin and almost every other cryptocurrency crashed har... by SippinLean on Friday December 22, 2017 @11:02AM (#15988378)
What would be a better way to sell?
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Re:Bitcoin and almost every other cryptocurrency crashed har... by lifty on Friday December 22, 2017 @11:24AM (#15988572)
An over the counter(OTC) trade with a firm that specialises in high worth trades. They quote you a mid market price and they fill your whole amount at the same price.
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Re:Bitcoin and almost every other cryptocurrency crashed har... by mrhappyunhappy on Saturday December 23, 2017 @03:30AM (#15993427)
A littl bit at a time. You don't want to cash 10m in a subsequent number of sells, that would fluctuate the price too much.
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Re:Bitcoin and almost every other cryptocurrency crashed har... by sowbug on Friday December 22, 2017 @11:23AM (#15988557)
Limit orders in smaller lots, preferably into buying strength. (Don't take trading advice from me, though!)
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