Re:Founders Fund Makes Bet on Bitcoin
by 6nf on Tuesday January 02, 2018 @06:19PM
(#16056838)
That trick costs a bunch of money in fees though. Volume is still a better measure than market cap. And If you don't like using the volume or market cap, what do you use?
[ Parent
| on HN ]
> That trick costs a bunch of money in fees though.
Only if the exchange in question charges trading fees.
> And If you don't like using the volume or market cap, what do you use?
Market depth. Looking at the order book to see how much money is bidding on/being sold for bitcoins right now. See my reply to other comments for an elaboration.
Re:Founders Fund Makes Bet on Bitcoin
by vasilipupkin on Thursday January 04, 2018 @10:29AM
(#16071003)
market depth understates liquidity dramatically because a lot of liquidity is hidden / dark. Nobody is going to show a big order in a super volatile asset.