hi guys welcome to this video about how
to buy or sell large amount of crypto
currencies like Bitcoin
etherium or such things the question is
then of course what's a large amount and
why does it matter so here your own coin
market kept coin market cap dot-com
that's one of the best sites for ya
where you can see what currencies are
around what price would roll you on what
exchanges and so on there or also a
little bit more sophisticated sites
around what does the like the current
market cap even when it may be not the
best I mean most functionality but it's
still the original so I'm still loving
it so let's go and see I mean if you
want to buy or sell Bitcoin then the
thing is you click here and you go down
on the next page to markets and here on
this site you can see what exchanges or
around and which pairs do they have and
what what's the volume of this pair on
this exchange the question is then only
is it really legit or is it fake account
and some exchanges they have obviously
some kind of fake fake volume and the
reason is they want to be on top because
they know a lot of people are doing
exactly the same saying as we do we go
we search for the coin or a token of
course you can do this also here and
enter the name of the token and then we
go to the market
and then we look for the either for the
best price or for the highest volume i
mean sometimes there are differences in
price but mmm usually doesn't matter a
lot I'll tell you why later on but
usually the volume is important
especially if you want to buy or sell a
lot of co2 currency and then the volume
is important if you open a new exchange
and you end here on position 399 and you
show a volume of 2 million which even I
have highly doubt but yes if you want to
buy or sell let's say 10 million of
Bitcoin and you have volume of 2 million
that's not good so even if you want to
buy or sell 1 million or even 100,000
this volume is definitely too low
usually to have like yeah but what's
needed to keep the price at about at the
same level if you if your volume is too
high it will affect the price too much
and if you I mean if you are not using a
limit order if you are using limit order
then it will just take too long that's
two possibilities what you have yeah you
can say ok I want to buy 10 million here
10 million of yeah let's say I mean it's
something to Bitcoin but anyway you can
buy I mean it's a Bitcoin pair if you
have this currency you can buy I mean
usually it would of course you would
start with something
like US dollar so here we have US dollar
and yes I mean you can buy Bitcoin with
US dollar and the price seem to be good
I mean even pretty low I don't know
where that is and but the volume is just
two million if you want to buy 10
million of Bitcoin here so yeah either
if you buy on on with no limit price
will jump up like crazy if you do a
limit like 5 2 or even 5 3 or 5 or
something like that which you see on
other exchanges then it will take just
really long really long time maybe the
whole day or two days or three days or
even though so yeah that's a little bit
the thing and it really have can have
some really huge impact on the market we
heard about the Mount
GOx trustee who had to sell think that
were several hundreds of millions of
dollar in Bitcoin he had to sell this
because of the yeah the thing that the
hack of Mount Cox and then this trustee
who had no experience he had to go he
had to sell it and he had no experience
so he went on to the open market and he
sold no limit and he dumped Bitcoin
price several times last year
so it's yeah you can check when when
this guy was selling that was usually
yeah if you go a little bit further I
think it was around this time started in
spraying can't remember exactly when it
was but
usually when you sword a huge drop in
price so that was the time when the
mount GOx trustee was selling his
bitcoins on the open market
okay so let's go back to the
presentation and yeah I have figured out
I mean for me for myself what is a large
amount I would say maybe more than one
percent of the 24-hour volume so if you
go back here we have two twenty
four-hour volume two million one percent
is twenty thousand but it's just my
personal little bit personal experience
it doesn't have to be like this I mean
it's just a rule of thumb for me it
doesn't have to fit for you okay now
back what solutions do we have actually
above this limit whatever it is 1% 2% 5%
or whatever you think could be needed to
get around this problem yeah one one
thing is OTC so they there are some OTC
exchanges OTC means over-the-counter and
then we get some OTC exchanges like
Kraken think win disk here we have I
beat what do we have
maybe all the things yeah there are a
couple of these OTC exchanges around and
they will handle this as a manual
process there's no automatic automated
trading so they are so you tell them
what you need if you want to buy
yourself what amount what limit and
today try to find counterparty for you
without influencing the market price too
much
but the disadvantage of course is that
it can take long time but if you have
time then it's a good thing if you don't
have time you buy or sell on the open
market but the effect will be that you
will have a big impact on the market
price as I told you the guy from Mount
or like about three weeks ago when
somebody decided to buy for 100 million
bitcoins worth 100 million and that
price went up about at least 10 or
almost 20 percent within a few minutes
so that's definitely the most important
thing decide what is important for you
time or price if time then do limit or a
no limit of course go on market do no
limit order and then you usually will
get or sell everything immediately the
trade-off is the price and the other
thing is if the price is important and
do it with a limit or OTC another
possibility if you have not huge amounts
not millions or something like that and
you just yeah you find yourself on a
trading pair or an exchange which has
really low volume and then you can work
around this problem with other trading
pair so what I do I mean with that so we
do any coin lights a quant stamp that's
something I had for some time and let's
say yeah here we have two markets and
there are really not a lot of markets
and maybe you find a good sample here so
let's say we are on Finance with our
yeah with our money and we have some
aetherium and we want to bike one stamp
with aetherium but we find that the
24-hour volume is only 28,000 so if you
if you want to buy one stamp for let's
say 1000 it can have quite a big impact
on the price because it's more than 1% I
mean the 1% is really rule of thumb
could be more or less I I can't really
give you an advice it's just something
which I suspect or something based on my
experience so let's say if you want to
buy 1000 yeah that's definitely more
than 1% but 1000 would be less than 1%
on the same exchange but on the pair
wants them to Bitcoin so what we can we
do we can sell our aetherium to Bitcoin
and then by the constant with Bitcoin so
we would be then definitely within the
1% with this trading pair the question
is only or we within the 1% with Bitcoin
to etherium but that will definitely be
decoded the case no question at all so I
was now searching for the trading pairs
of Bitcoin and here at 111 I have found
by Nance theorem to Bitcoin and it had a
volume 4 of 22 million so usually the
trading pairs for Bitcoin and the
theorem or the biggest ones and usually
you won't have any problem to exchange a
theorem for Bitcoin or vice-versa so
it's a good thing if you can get around
with something like that
okay so we do to trade instead of one
trade the trade off is of course the
cost and time and Commission I mean
Commission istic host or a it costs time
and Commission yeah it's some time ago
when I did this thing yeah but I mean
it's probably still the better solution
as going into a trading pair which has
really really super low volume another
another possibility is to move your
assets to another exchange which has
higher volume for this trading pair of
course yeah instead of clients you can
go to another exchange if you are
already unbalanced I mean yeah usually
balance is really large it's actually
the largest or second largest exchange
so it could be really difficult if you
are on another on a small exchange then
it's probably worth to go with your
phones
move your phones to another exchange but
of course you have to open a new account
maybe you have to go through
identification like kyc so not for
trading but usually to withdraw your
funds later on and move them back to
your wallet or to your original exchange
because without cable see kyc sometimes
there are no withdrawals possible or
really always be a really low limit that
could be the case and an additional
problem could be the risk of loss of the
asset i mean every time you move
cryptocurrency from one wallet to the
other one could be that you
send it to a wallet I mean yeah to avala
twitch has another currency that happens
really often that somebody thinks he is
sending Bitcoin to Bitcoin and he is
destination he is sending to Bitcoin
cash sometimes exchanges have strange
abbreviations for their tokens so
sometimes you have to be really really
careful and double-check that you are
sending only like Bitcoin to Bitcoin
aetherium to aetherium and so on and you
have to really double check the numbers
of your wallet I mean not all the 50
letters or something like that but I
would definitely double check the first
two or three and the last two or three
because sometimes there can be viruses
which change the wallet addresses during
copy/paste and so if you copy it from
the wallet you want to send it to and
you paste it in the field four of the
original wallet when I'm sending from
then at this time the wallet name or the
board ID could be changed because of the
virus and then you're sending the money
to scammer yeah you have to be really
careful and of course it needs some time
I mean when an asset is has a really
huge price change it goes up or down
really fast then you want to buy or sell
fast and you don't want to lose time
otherwise it's even maybe better if you
go with yeah with an adjusted limit
order or without limit and then you lose
some money because of the no limit order
but it's still better than going to
another exchange and can do the trade
maybe one hour later only
I mean you can not only move your asset
to one exchange some traders or big
whales or doing the trades distribute
the trades to several exchanges let yeah
when we come back to the 100 million
dollar Bitcoin order from three weeks
ago they have found out that the order
was actually distributed to a lot of
exchanges because it's really difficult
to buy so much Bitcoin on one exchange
it would influence the price even more
than if you distribute on several
exchanges but it still had a huge impact
I mean again loss of a certain time same
thing and yeah that's actually I think
that's the last option which I have the
that's the advice or the the possibility
to just trade and Trust to arbitrage
trading BOTS which are eliminating the
spread so what does it mean so we are
here back on Bitcoin markets and we can
put this in an order and we can see that
there is a huge difference
sometimes in price here we have a
Bitcoin sometimes between five nine
almost six thousand and lowest price is
yeah that's a little bit price excluded
because of something looks like the
market is a little bit strange but the
lowest price which is not considered to
be strange is a little bit below 5,000
so that means here with these extreme
prices there is no arbitrage working for
sure no BOTS no nothing is said up here
and if you want to sell huge amount of
Bitcoin here and you know what that
means F 80 maybe it's some country in
Africa Asia or something like that if
you want to sell huge amounts of Bitcoin
then the price will even go down and is
probably no help for you but yeah why is
that so either there is no bot around
could be I mean a base bitcoin usually
they are even it's an exotic exotic coin
like one coin which has really super low
value like if you go to position 900 in
coin market cap and you take a coin and
you want to trade it in Africa maybe
test hand dollar volume or something
like that nobody will will do marching
nobody will do nobody will do orbital
orbital trading because first thing is
not worth it because of the low volume
on second thing is usually when you have
such situations it's because it's not
allowed to transfer fiat from or to this
country so it doesn't make sense to I
mean by if you want to buy you think
that that's a pretty low low price and
you want to buy Bitcoin here because of
the low price you can send something
there like f80 I don't know what it is
or you can't send a theorem there and
then buy Bitcoin and send it back but it
doesn't help because anything which you
can transfer like aetherium
order or
other currencies will have same strange
rate at least most likely and the only
thing the only way that you can take
profit of such a price would be that you
have to move you have to convert like US
dollar to the local currency which is
there at where the exchange is and then
by the Bitcoin and then move it back
from this wallet to move back is of
course easy but the problem is always
the fear if you have such such strange
prices like here or also these five
thousand nine hundred five thousand
eight hundred usually the problem is
because there is no exchange in no
proper exchange in fiat here I don't
know what it is the Brazil some saying
yeah so usually you have these things in
maybe South America in some Asian
countries South Korea something like
that so you
there's no way to profit from these
things but back to the thing what we
want if we put this in an order and
let's say we are on a normal price
something like this here I would say
consider this a normal Bitcoin price and
yeah but you won't let's say you want to
buy a huge amount let's say I mean this
is really a strange sample because we
have to be coin we have huge amount of
yeah okay but anyway let's assume we
want to buy for $1,000,000 and the thing
is here as you see 18 million of 24 hour
volume that doesn't work here but what
you can do is you can work with limit
orders so you don't affect the price too
much if you want to buy you go a little
bit higher
instead of five three you go to five
four or something like that and then
what happens the price will jump up and
the bots the arbitrage BOTS will jump in
and they will take this profit and then
they will do the exchange of the
liquidity between the exchanges that
means you don't have to send your other
currency like dollar or theorem or
whatever you are using to buy the
Bitcoin you don't have to move this
around to other exchanges the arbitrage
boats are doing that so you have to pay
maybe a little bit more but it will be
less risk for you because you don't have
to move around your money and yeah
that's something you could consider so
took me a little bit more time than
expected but yeah I'm at the end of the
whole thing I hope I was able to help
you a little bit with that if you have
any questions yeah or maybe there are
other ways around which I have forgot
which I forgot to mention maybe there or
better tricks around whip you into
interesting to learn from you what
options you see or which of my options
you think don't work will be really
interesting to learn from you just leave
any feedback in the comment areas would
be really nice to talk about these
things and if you liked the video give
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thanks for watching and see you next
time