This much is true, but if I was selling a large amount I would never go to the order book on a single platform and just start scooping up all the orders there. Much better to create your own order, preferably two or more orders on different platforms, setting your own price and letting trades come to you. Then you can fill your order with multiple different parties with no price slippage.
but how many good bitcoin DEXs exist though that has sufficient liquidity and volume to be worth your time? maybe 2 or 3? i understand your strategy there but when you set up limit orders I guess you have to keep an eye on the market. what happens if you're sleeping and bitcoin spikes in price to $20,000 while you had limit sell orders of $18,000? someone will have lifted your ask and what are you gonna do? try and cancel?
Quote from: BlackHatCoiner
I've been thinking of creating a F2F trade, which will cost a lot from the buyer's view, because there's 0 liquidity for cash <-> bitcoin trades. I want to see how that'll go.
so you want to do a face to face trade with someone and charge them significantly over bitcoin's market price. if you can find someone like that, you can just rince and repeat over and over. hopefully your bank won't notice those cash deposits coming in all the time.