it's surprising how much relatively small sell orders (10k bitcoins) can still move the market. 5-10% each time.
Feb 24, 2014 · 10:26 PM UTC
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@sama those are big orders when you look at volume transacted. Prob hard to find a prof at @ChicagoBooth that'll call it a true market yet.
@sama that is because the markets are immature. If EU/US, step 1 = 'wire money to Slovenian company'. Need market-makers/institutional folks
@sama Those aren't small orders. I'll bet real money that a comparatively small proportion of bitcoins have ever actually been transacted.