Difference between Buying and selling price of Bursts
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I just tried to see how much is buying and selling price of bursts, there seem to be huge difference
Why isn't the sale price of bursts not going up, even when there is a demand to buy it at a higher price.
Does this mean exchanges get >9 USD as a profit, when someone sells 50000 bursts and some one buys the same
I am new to trading, so I may be totally wrong here
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No a lot people trading BURST/USD right now, so the difference is big.
Exchange will always only get 0.2% of traded volume.
If you buy that 50k BURST for 10$, exchange will get 0.02$ and the one who is selling them, will get 9.98$.
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So I guess the way to go is
Burst -> BTC -> USD
USD -> BTC -> Burst
Am I right
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Maybe, yes BTC is the lead/key currency in crypto ... so there is the most volume / best prices.
