Re:“We already store data. In a database. It works well”
by csomar on Tuesday February 11, 2020 @09:20AM
(#22298652)
I think you can do $50-100m in a 24hour period without spooking the market much; that's on regular exchanges. Not sure about the depth of the market where they trade in blocks via some brokers.
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Re:“We already store data. In a database. It works well”
by jjeaff on Tuesday February 11, 2020 @11:45AM
(#22299873)
Who or what service is going to give you $50mm in real money for Bitcoin in a 24 hr period,
Re:“We already store data. In a database. It works well”
by csomar on Tuesday February 11, 2020 @11:55AM
(#22299970)
You’ll have to split this amount between 7-10 exchanges. That becomes 5-10m/exchange. Coinbase volume today was $150m. $5m should be feasible over 24hours and btc trades 24/7.
Re:“We already store data. In a database. It works well”
by spookthesunset on Tuesday February 11, 2020 @11:48AM
(#22299904)
Nobody. You’ll never find an answer and just get mumbles. The truth is crypto trading in actual USD (not tether) is super thin. Everything else is smoke and mirrors.
Re:“We already store data. In a database. It works well”
by csomar on Tuesday February 11, 2020 @11:58AM
(#22299993)
I actively trade these markets, so I have some insights. While I didn’t do $50m-$100m on a single day, I’m judging by market depth on the different exchanges I trade at.
There many small fish trading with a small ($500k-$1m) capital on a 3-5x leverage. They can do some days 5-10m of volume in usd.
Re:“We already store data. In a database. It works well”
by spookthesunset on Tuesday February 11, 2020 @01:37PM
(#22301190)
Are you trading in actual dirty government fiat (USD) or fake tether (USDT)? There is a huge difference. And also note that some of the larger exchanges aren’t very upfront about which currency you are actually trading in...