Tag: trading

How to read a crypto market depth chart, and why people went ‘HOLY CRAP’ at the overnight Tether chart

- by David Gerard - 13 Comments.

Tether, the “pegged” US dollar substitute token, crashed to $0.93 on Kraken last night. Here’s why this is important, and what a market depth chart shows.

Why you can’t cash out pt 1: Why Bitcoin’s ‘price’ is largely fictional

- by David Gerard - 67 Comments.

Public discussion and media coverage of Bitcoin assumes certain things about Bitcoin:
• Bitcoin has a price, that you could expect to buy or sell it around.
• Bitcoin is like buying a share in a company, or a commodity like gold — the market works the same way.
• Bitcoin is liquid — you can easily convert your money to Bitcoin, and your Bitcoin to money.
None of these are true.