
The Man Whose Predictions Are Always Right - Balaji Srinivasan
The Boyscast with Ryan Long
00:00
What Is Buyer Profit?
There's seller profit and buyer profit. Buyer profit is like your margin in that sense, right? Another way of thinking about it is if you're running a convenience store and you buy milk for two dollars and you can resell it for five dollars, your buyer profit is like three bucks. Historically, buyer profit has not been visible because seller profitable,. But whenever you've placed a limit order on a crypto exchange, if you've ever done that, you know, I'll buy one Bitcoin at 400 bucks, right? You are revealing what the max price you would pay on an exchange.
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