XFLR Thin Order Book
I've discussed before how thin the XFLR Order Book is.
I figure I'd explain what I mean by that.
Let's say you had a couple million bucks to play with, and your calling was to get some Spark (FLR) token because that's gonna be the be all end all of De-Fi in the coming years.
The current price is around 0.22.
You put in a market order with $166,029.99, the price shoots up to 0.30.
You put in another order with $138,125.43, the price shoots up to 0.40.
You put in another order with $258,90.77, the price shoots up to 0.50.
You put in another order with $540,352.66, the price shoots up to 0.60.
You put in another order with $390,410.00, the price shoots up to 0.70.
So your total market order using around $1,500,000 singlehandedly caused the price to go from 0.22 to 0.70.
That's a thin order book.
All the people who are following me, put in $1,000 and we have a wall street bets scenario on our hands.
#justkidding
#dontdothat
#wellmaybeifyoureallywantto
I figure I'd explain what I mean by that.
Let's say you had a couple million bucks to play with, and your calling was to get some Spark (FLR) token because that's gonna be the be all end all of De-Fi in the coming years.
The current price is around 0.22.
You put in a market order with $166,029.99, the price shoots up to 0.30.
You put in another order with $138,125.43, the price shoots up to 0.40.
You put in another order with $258,90.77, the price shoots up to 0.50.
You put in another order with $540,352.66, the price shoots up to 0.60.
You put in another order with $390,410.00, the price shoots up to 0.70.
So your total market order using around $1,500,000 singlehandedly caused the price to go from 0.22 to 0.70.
That's a thin order book.
All the people who are following me, put in $1,000 and we have a wall street bets scenario on our hands.
#justkidding
#dontdothat
#wellmaybeifyoureallywantto
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.