Everyone's getting competitive now, I have to keep up with the pace!
Let's check the progress of the event. Currently, the total trading volume has already reached 2.3 billion, and it is expected to eventually hit around 2.5 billion. Based on this, a trading volume of 5 million can earn a full prize of 15,000 coins. But the question is, what is the actual cost of 5 million? Different projects have different situations.
The key bottleneck lies in the liquidity of the token itself. Right now, this token's depth is indeed average, with a particularly large spread on the order book, and significant fluctuations up and down. If you use market orders to trade, the slippage loss can be overwhelming, and costs will rise sharply. So, how are everyone’s strategies? Are you placing limit orders to slowly fill, or splitting orders to reduce impact? I want to hear your practical experiences.
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ProofOfNothing
· 16h ago
Limit orders really require patience, but the current coin's volatility is too fierce, making it feel very difficult to position precisely.
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not_your_keys
· 16h ago
Slippage is really frustrating; limit orders are too slow and might miss the opportunity, and placing orders in batches is too troublesome.
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LongTermDreamer
· 16h ago
Oh wow, this liquidity is really incredible. The slippage directly eats up half a month's gains as soon as it appears.
It's competitive, but I committed to this logic three years ago, and now I see it even more clearly. Placing limit orders is indeed reliable, but you need patience and take it slow.
That 15,000 coins sound tempting, but the actual cost is way different from the expectations. This is the historical cycle theory.
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BearMarketSunriser
· 16h ago
Limit orders buried too deep won't execute at all; it all depends on who moves the order book first. Otherwise, you can try small batch bursts. Anyway, slippage is unavoidable.
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DegenDreamer
· 16h ago
Oh no, the slippage is really incredible. I'm now using limit orders, but waiting is a bit annoying.
Everyone's getting competitive now, I have to keep up with the pace!
Let's check the progress of the event. Currently, the total trading volume has already reached 2.3 billion, and it is expected to eventually hit around 2.5 billion. Based on this, a trading volume of 5 million can earn a full prize of 15,000 coins. But the question is, what is the actual cost of 5 million? Different projects have different situations.
The key bottleneck lies in the liquidity of the token itself. Right now, this token's depth is indeed average, with a particularly large spread on the order book, and significant fluctuations up and down. If you use market orders to trade, the slippage loss can be overwhelming, and costs will rise sharply. So, how are everyone’s strategies? Are you placing limit orders to slowly fill, or splitting orders to reduce impact? I want to hear your practical experiences.