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Author Topic: Effects of trading 1500 BTC @ 200 USD in one act?  (Read 2538 times)
0k4m1
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April 16, 2013, 10:55:54 PM
 #1

Hello, I'd like to know if it is possible to sell 1500 BTC @ 200 USD in one act.
Also, I'd like to know what is the effect of this act on the market.

P.S.:
No, I dont' have 1500 BTC.
Yes, I know that BTC is not @ 200 USD.
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bombartier357
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April 16, 2013, 11:37:21 PM
 #2

Yes.

Push down the price.
0k4m1
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April 17, 2013, 12:11:25 AM
 #3

Yes.
Best method for doing it?

Push down the price.
How much aprox.?

Ty
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April 17, 2013, 12:58:13 AM
 #4

Whatever way you find easiest.  Possibilities are endless and just a search away.

It depends on so many factors that if someone gives you an answer without a lot of situational conditions he/she is just trying to up his/her post count.

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April 17, 2013, 01:02:50 AM
 #5

Hello, I'd like to know if it is possible to sell 1500 BTC @ 200 USD in one act.
Also, I'd like to know what is the effect of this act on the market.

P.S.:
No, I dont' have 1500 BTC.
Yes, I know that BTC is not @ 200 USD.

There is at least one post in the marketplace forum/subforums where someone is looking to buy large quantities of bitcoin.

Now obviously nobody is going to buy at $200 when the market price is $70, however if you were just wanting to sell a large amount at current market price without moving the market too much, the best way would be to do an off-market trade.

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April 17, 2013, 04:17:09 AM
 #6

Also, I'd like to know what is the effect of this act on the market.

Clark Moody has a calculator to tell you the slippage.  Click "Show calculators", and enter the 1,500 BTC value.  At this moment, slippage is about 2%.  In other words, a pretty trivial number.  It can vary greatly moment to moment.

 - http://bitcoin.clarkmoody.com



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April 17, 2013, 07:17:00 AM
 #7

Yes.

Push down the price.

Immediately yes, especially if it takes a raft of Bids to swallow that up.

Depending on where in the spread your price is and what current trading volume is like, it may be your whole order doesn't get filled.

Depending on the context though it could well spark a small buy rally for swing traders, ie. price is suppressed by 50 cents due to your order, triggering buys which in turn push the price up.

So there's no definitive answer.

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April 17, 2013, 08:50:47 AM
 #8

My advice - wait for it to start rising again. Once it gains momentum it might go to 1000$.

However it might also take time. It's your decision. But do not sell it for less than 75$/coin.

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April 18, 2013, 02:06:32 AM
 #9

Ty people for all the insights! =)
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April 18, 2013, 03:42:52 AM
 #10

Don't sell at least below previous peak, i.e. $250.
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April 18, 2013, 03:12:32 PM
 #11

Explain again how this would push the price down at all?  How would the order even be filled unless it were OTC? 

This is the equivalent of buying a put that's already in the money...which implies the person who is selling believes the price is going to rise (possibly substantially).
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April 19, 2013, 08:51:08 AM
 #12

Hello, I'd like to know if it is possible to sell 1500 BTC @ 200 USD in one act.
Also, I'd like to know what is the effect of this act on the market.

you can use bitcoin-analytics.com precisely for this.

Bitcoin analytics calculates relsulting price at which you buy X BTC or sell X BTC on the current market.

For X we have predefined values which overlap all major trade volume targets.

small trader - 10 BTC
middle trader - 100 BTC
big trader - 1000 BTC ( for your case of 1500 BTC this is very close and you can get good aproximation of the price)

very big trader - 10k - 100k BTC

you also see the dynamics of it with 15 seconds granularity for last 24 hour.
Data is gathers from 8 cuurency markets, for almost all majore exchanges and updated every 15 seconds.



hope this will help

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April 19, 2013, 09:47:51 AM
 #13

Yes.

Push down the price.

Huh? How can selling 1500 bitcons at $200, when the current price is say $100, push the price down?
Wouldn't it push the price up?

Now, if you sold it at below market, then yes, I think it would push the price down, at least momentarily.

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BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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April 19, 2013, 11:52:17 AM
 #14

Hello, I'd like to know if it is possible to sell 1500 BTC @ 200 USD in one act.
Also, I'd like to know what is the effect of this act on the market.

P.S.:
No, I dont' have 1500 BTC.
Yes, I know that BTC is not @ 200 USD.

The answer is yes and no.

If you put your BTC up for sale at USD $200, then you may have many buyers purchase smaller amounts, or you may have 1 buyer purchase it all.

If you sell down to $200, and the high market bid is $201, then you'll likely end up selling a bit of your 1,500 BTC for $201, a bit more for $200.50 to a different buyer, and so on until you get down to people willing to pay $200. However, there may not be enough people willing to purchase at that price, in which case the remainder of your unsold BTC would simply be listed at a sell price of $200, and you'd be back to the situation above where maybe many people purchase smaller amounts, or 1 buyer buys it all at once.

So, it is *possible*, but unlikely given that most BTC transactions are under 100 BTC. You would end up with many people buying from you.

Other markets work exactly the same. (There are some variations, but they are not really significant for your question.)

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April 19, 2013, 12:25:45 PM
 #15

1,500 would get eaten up pretty fast, it wouldn't make much difference.
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April 19, 2013, 08:42:40 PM
 #16

As of the time of this writing, I see that the highest bid is about $119. To sell 1500 BTC at market, you'd have to hit bids down to $117 or so (less than 2% below "market"). However, I don't how "deep" the market usually is. In "faster" markets, there is probably less depth (bids spread further apart), and in slower, more stable markets, the depth may be greater (lower slippage).

Hope that helps as a "real world" example.
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