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RE: Why You Should Not Trade on Exchanges - Buy/Sell Tips by Charlie Shrem
But even slippage can be mitigated by layering in sell orders. Of course, even a limit order is going to avoid slippage. It's just going to put a lock on the price until it gets filled.
I get the concern, but it doesn't seem wise to pay for the premium service even if you're dumping large quantities, unless you just don't care about paying the convenience fee. IMO, it's steep enough to make selling in layers or small tranches on an exchange the wiser course.
OTOH, even if you face a little slippage on an exchange, is it enough to make up for the Blocktrade fees?
I guess the question is, "How much am I willing to give up to try to help protect the price of Steem?"
"How much am I willing to give up to try to help protect the price of Steem?" is a good question :)
... but this is more at the end a post for whales ;) ...I do not think fishes and dolphins have enough power to put in danger the price and for sure many need the extra bit-cents that you loose exchanging your SBD in Blocktrade right now.
Of course. I was offering the comments as I would see it through a whale's eyes. IMO, it's simply unwise to set aside potential gains. There is a point where it may be wise though, depending on how much they're dumping and what the market is doing at the moment. If I were a whale, I'd have to ask myself that question every time I sold. And I'd be very reluctant to sell through a service that was tapping me for more than 1%.