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by vasilipupkin 3130 days ago
yes, that's the problem. the order book is already quite thin - and in a panic, it can disappear and reappear at a much lower price.
2 comments
mrb 3130 days ago
Bitcoin's trading volume (and implicitly order book) is already bigger (impl. deeper) than stocks with comparable market capitalization, eg:

BTC: $160B market cap, ~$5B traded/day

INTC: $200B market cap, ~$1B traded/day

So if there was panic selling of INTC, the stock would presumably dive deeper and lower than a panic sale of BTC...

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vasilipupkin 3130 days ago
sure, panic selling is possible in INTC, absolutely. Valuing INTC is easier, though, because it actually pays dividends and because it can be compared to other stocks.
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paulpauper 3130 days ago
it is a lot lower than than that. you have to divide by the number of major bitcoin exchanges
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vasilipupkin 3130 days ago
Not sure I follow.
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ifdefdebug 3130 days ago
Very true. That's why a stop loss to market is a total suicide in this market. Better do a stop loss to limit and if the limit fails, keep your coins and wait for better times...
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