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
