Re trading on CEXes...wanted to trade something on Gemini (for purely historical reasons).
Their liquidity is terrible...bots presenting fake ask/offers all the time...trades occurring in a few $$ range and are literally filling by a few bucks at the time.
In some cases the "tape" overruns your order by a few bucks and still not getting filled.
I am not sure how Bob was able to fill his "farm" orders, maybe OTC?
Fortunately, this is the last time I 'had" to trade there...phew.
The arbitrage abilities between exchanges is way less than it was in our earlier days of bitcoin, so I am having difficulties understanding what you are talking about.
If you want to either buy or sell BTC, you can do it as a market order or as a limited order.
By the way, BIG players, whales, bots or whatever manipulators try to hold prices in place and to profit from small moves in the BTC price until they are not able to no longer hold the BTC price in place.. Then what happens? it goes in one direction or another until they are able to try to hold it in place again... what is the BIG deal? They are able to do it until they aren't. so what?
Dude...do you even trade bitcoin? Maybe through an intermediary, then?
It seems like your knowledge is purely theoretical: "..you can do it as a market order or as a limited order".
Duh!
However, when doing so in any significant volume, you need liquidity and, especially, market depth.
What good is your limited order when it does not fill because bots take the value away from it?
My order on Gemini was sitting literally 30 sec two bucks BELOW the current "official" ask before it was filled.
This does not happen on Coinbase.
Hence my report that liquidity sucks on Gemini.
Somehow this reminds me of a 40 year virgin flick when the main character opined about how woman breast feels..all fellas immediately figured out that he is a virgin.
https://www.youtube.com/watch?v=ULYtRZE_VaM...but , he recovers nicely here, haha:
https://www.youtube.com/watch?v=jm1qOT1FCzkI stick by my earlier claims and criticisms of your earlier post - even though you made some interesting points that don't really apply to this here cat.. even though surely I don't claim to be a trader... even though I do regularly employ limited orders in both directions on various exchanges and pretty rarely market orders but I know how to do them and over the years, sometimes I had executed them accidentally.
Since this threading is about Wall Observer BTC/USD - Bitcoin price movement tracking & discussion it will be good I mention The reasons why Bitcoin is still valuable and still increasing in price which is, because of it's scarcity, divisibility, acceptability, portability, durability, uniformity and durability.
This things mentioned are the major reason Bitcoin will never end but keep growing bigger and better.
Oh?
And for some reason I thought it was about sound money and self-sovereignty.
Maybe we are just using different words to say similar things?
Perhaps?
Perhaps?
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I might have to employ an el duderino protest.. since I thought that I would have had won on 5/14 since I said down and it seems that the price went down.. but for some reason the opposite happened with my bet and I lost more than 300 points, even though I had only bet 100... Go figure?
The game is broken, or I got my facts wrong.
Even though we are not betting anymore and you got all these systems in place... I am betting anyhow... even though I got screwed out of my last bet.. the betting game sucks.. . .. hahahahahahaha
WOGame,JayJuanGee,updown,up,100,2024-05-15
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