You can sell your HIVE at any time, but whales can’t do that physically, as the market wouldn’t have enough liquidity to cover such volume at once.
Binance has decent amount of liquidity, though the HIVE internal market would struggle. I have seen it myself when trying to trade HBD for HIVE in larger amounts.
2 million HIVE sold at market price on Binance would crash the price to 0. This is the order book on Binance, and you need to understand that there are a large number of orders placed for show. They are constantly added and removed, and in the event of a price drop, more than half of them would simply disappear from the order book.
That said, yes, it is possible to sell 100k, 200k, or 500k HIVE by spreading it across several exchanges, and it wouldn't significantly affect the price. But to talk about dumping several million, even across all exchanges, without affecting the price is not realistic.
we've had billions in 24h volume and you don't think one could sell 10-20mil without affecting the price? there's obviously demand there so they'll eat up anything you throw at them at these times.
2 million HIVE sold to the market in batches – yes, over several days, but this will inevitably affect the price negatively. Someone has to buy this volume.
That's what I was talking about – an ordinary user who sells just presses the sell button, but whales can't do that. They need to sell in batches and spread it over time. They also need liquidity in the form of new buyers coming in.
I can't agree with you right now, it's just not the right time. The market hasn't reached euphoria yet, and there hasn't been that influx of users. As for volumes, high-frequency bots, like those on Binance, can generate a volume of, for example, 1 million USD by cycling 1,000 USD a thousand times. These bots make hundreds of trades per minute, and I don't think I need to explain this to you – volumes can be manipulated however you like. But this is just my opinion, and it could be wrong. I'd be interested to read about how it actually works in practice.
We’ve observed over these past couple of weeks how the price of HIVE soared by 40-60% and then dropped just as rapidly. It’s unlikely that whales were selling millions of coins right now)) Liquidity.
I do..., there's far too much to read and my wife is bugging me to fix her watch..., ack.
It's a pity, but if very briefly, the content under this headline works in reverse to the headline.
I did read it now, that section.
Binance has decent amount of liquidity, though the HIVE internal market would struggle. I have seen it myself when trying to trade HBD for HIVE in larger amounts.
2 million HIVE sold at market price on Binance would crash the price to 0. This is the order book on Binance, and you need to understand that there are a large number of orders placed for show. They are constantly added and removed, and in the event of a price drop, more than half of them would simply disappear from the order book.
That said, yes, it is possible to sell 100k, 200k, or 500k HIVE by spreading it across several exchanges, and it wouldn't significantly affect the price. But to talk about dumping several million, even across all exchanges, without affecting the price is not realistic.
You just sell in batches...
we've had billions in 24h volume and you don't think one could sell 10-20mil without affecting the price? there's obviously demand there so they'll eat up anything you throw at them at these times.
2 million HIVE sold to the market in batches – yes, over several days, but this will inevitably affect the price negatively. Someone has to buy this volume.
That's what I was talking about – an ordinary user who sells just presses the sell button, but whales can't do that. They need to sell in batches and spread it over time. They also need liquidity in the form of new buyers coming in.
I can't agree with you right now, it's just not the right time. The market hasn't reached euphoria yet, and there hasn't been that influx of users. As for volumes, high-frequency bots, like those on Binance, can generate a volume of, for example, 1 million USD by cycling 1,000 USD a thousand times. These bots make hundreds of trades per minute, and I don't think I need to explain this to you – volumes can be manipulated however you like. But this is just my opinion, and it could be wrong. I'd be interested to read about how it actually works in practice.
We’ve observed over these past couple of weeks how the price of HIVE soared by 40-60% and then dropped just as rapidly. It’s unlikely that whales were selling millions of coins right now)) Liquidity.