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0 pointscarver8y ago0 comments

>There is no way you could push down the market 10 percent today.

GDAX fell about 8% yesterday, from $96.82 to $89.07 in one hour (May 4, 9-10am) with about $2 million worth of trades. It's a little early to call this a post-volatility era.

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Jabanga8y ago

It's volatile alright, but that's not the same thing as being able to push the market down with a retail-sized trade, let alone push it down a staggering 10%. And just because the market dropped 8%, doesn't mean the drop can be attributed to $2 million worth of Ether put up for sale on GDAX.

The daily trading volume is $300 million at last count. There's arbitrage happening across exchanges so the price on one exchange is not isolated from what's happening on others.

j / k navigate · click thread line to collapse

0 pointscarver8y ago0 comments

>There is no way you could push down the market 10 percent today.

GDAX fell about 8% yesterday, from $96.82 to $89.07 in one hour (May 4, 9-10am) with about $2 million worth of trades. It's a little early to call this a post-volatility era.

0 comments

Jabanga8y ago

The daily trading volume is $300 million at last count. There's arbitrage happening across exchanges so the price on one exchange is not isolated from what's happening on others.

j / k navigate · click thread line to collapse