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A comment on Bitcoin Energy Consumption Index. Parent comment

Re:Bitcoin Energy Consumption Index by londons_explore on Thursday October 17, 2019 @03:11AM (#21279626)
Buy $10M worth of bitcoin, and then sell it again the next day, and we'll see how much you lost (on average).

I'd guess you'll lose far more than doing the same with gold, because the market slippage due to lack of liquidity far exceeds the cost of those vaults, banks, and guards.

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Re:Bitcoin Energy Consumption Index by btcd on Thursday October 17, 2019 @03:20AM (#21279676)
This is not true. I used to be a professional market maker in Bitcoin. This year, Bitcoin market is relatively calm in at least half of the time, meaning 12 hours out of a 24-hour day, longer than most established equity market. Under these normal conditions, trading $1m worth of Bitcoin moves the market by less than 0.01%.
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Re:Bitcoin Energy Consumption Index by londons_explore on Thursday October 17, 2019 @10:13AM (#21282248)
Citation needed. Checking the bitfinex order book: https://www.bitfinex.com/order_book

A trade of $10M, or 1250 bitcoins, would move the market by 6%

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Re:Bitcoin Energy Consumption Index by sobani on Friday October 18, 2019 @06:12AM (#21290063)
Maybe pick an exchange that isn't #60 based on transaction volume?

https://coinmarketcap.com/rankings/exchanges/

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