|
Title: What if I was buying coins, would you even notice? Post by: adamstgBit on March 13, 2012, 01:39:03 AM What if i was to buy, 100,000 coins, But i was buying them slowly and on all the other markets and not MtGox
would this have an effect on MtGox? Title: Re: What if I was buying coins, would you even notice? Post by: Hunterbunter on March 13, 2012, 01:42:52 AM It could, if others were ready to buy from other exchanges and you nabbed them first....and they were then forced to buy off mtgox.
Title: Re: What if I was buying coins, would you even notice? Post by: Red Emerald on March 13, 2012, 01:44:38 AM I'm pretty sure there are people with arbitrage bots. I'm sure they would love you for it.
Title: Re: What if I was buying coins, would you even notice? Post by: adamstgBit on March 13, 2012, 02:05:04 AM more then 50% of coins traded in the past 24 hour was not on mtgox
Title: Re: What if I was buying coins, would you even notice? Post by: da2ce7 on March 13, 2012, 02:39:25 AM I would not affect MTGox if you kept the volume low... Other than tightening the overall supply of bitcoin.
The bitcoin market is very good at arbitrage. Title: Re: What if I was buying coins, would you even notice? Post by: adamstgBit on March 13, 2012, 02:41:48 AM The bitcoin market is very good at arbitrage. is it really? wana buy some coins at 4.64? Title: Re: What if I was buying coins, would you even notice? Post by: da2ce7 on March 13, 2012, 02:55:17 AM The bitcoin market is very good at arbitrage. its really not... wana buy some coins at 4.64? Well you need to stick with the exchanges that at least have _some_ volume... Also once you start buying 100K coins... that would create enough volume to make arbitrage worth doing. Title: Re: What if I was buying coins, would you even notice? Post by: kjlimo on March 13, 2012, 02:59:38 AM more then 50% of coins traded in the past 24 hour was not on mtgox Where's you getting data? Is Mtgox no longer 90% of trading volume? What's the second biggest exchange now? Title: Re: What if I was buying coins, would you even notice? Post by: adamstgBit on March 13, 2012, 03:03:43 AM more then 50% of coins traded in the past 24 hour was not on mtgox Where's you getting data? Is Mtgox no longer 90% of trading volume? What's the second biggest exchange now? http://bitcoincharts.com/markets/ 24hour volume is the last col. on the right side mtgox is still on top for the past 24 hours, but has less then 50% What's the second biggest exchange now? intrsngGBP - and its coins are selling higher then gox Title: Re: What if I was buying coins, would you even notice? Post by: adamstgBit on March 13, 2012, 03:11:25 AM The bitcoin market is very good at arbitrage. its really not... wana buy some coins at 4.64? Well you need to stick with the exchanges that at least have _some_ volume... Also once you start buying 100K coins... that would create enough volume to make arbitrage worth doing. right but its starting to look like all other exchanges are starting to get _some_ volume should we be looking at other market prices as indicators? could mtgox price become nothing more then an indicator? Title: Re: What if I was buying coins, would you even notice? Post by: Hunterbunter on March 13, 2012, 03:18:03 AM The bitcoin market is very good at arbitrage. its really not... wana buy some coins at 4.64? Well you need to stick with the exchanges that at least have _some_ volume... Also once you start buying 100K coins... that would create enough volume to make arbitrage worth doing. right but its starting to look like all other exchanges are starting to get _some_ volume should we be looking at other market prices as indicators? could mtgox price become nothing more then an indicator? I think less of an indicator and more of an opportunity for arbitrage. As soon as any one of those start showing a leading indicator it'll be quickly lost...just like "weekends = price down!" etc Title: Re: What if I was buying coins, would you even notice? Post by: adamstgBit on March 13, 2012, 03:30:00 AM The bitcoin market is very good at arbitrage. its really not... wana buy some coins at 4.64? Well you need to stick with the exchanges that at least have _some_ volume... Also once you start buying 100K coins... that would create enough volume to make arbitrage worth doing. right but its starting to look like all other exchanges are starting to get _some_ volume should we be looking at other market prices as indicators? could mtgox price become nothing more then an indicator? I think less of an indicator and more of an opportunity for arbitrage. As soon as any one of those start showing a leading indicator it'll be quickly lost...just like "weekends = price down!" etc I think your under estimating the significance of other markets getting bigger. and i do not think arbitrage always passes by Gox truth is we want to have 100 markets big markets. and not 1 huge one. Title: Re: What if I was buying coins, would you even notice? Post by: Litt on March 13, 2012, 03:35:35 AM What if i was to sell, 100,000 coins, But i was selling them slowly and on all the other markets and not MtGox
would this have an effect on MtGox? Title: Re: What if I was buying coins, would you even notice? Post by: Coinabul on March 13, 2012, 03:41:51 AM What if i was to buy, 100,000 coins, But i was buying them slowly and on all the other markets and not MtGox I am officially buying 100,000 pennies. would this have an effect on MtGox? (buy buy buy?) Title: Re: What if I was buying coins, would you even notice? Post by: Hunterbunter on March 13, 2012, 03:47:22 AM I think your under estimating the significance of other markets getting bigger. and i do not think arbitrage always passes by Gox truth is we want to have 100 markets big markets. and not 1 huge one. Yeah I agree with that - I meant that they are invariably connected through the fact they all pair up fiat <-> btc. One way all exchanges can be used as an indicator for each other is if you average the bids across all exchanges...It doesn't really matter which market is the big one...just that you can move between them at whim. If gox became the second biggest, whoever had the cheaper price will sell more coins (usually). Title: Re: What if I was buying coins, would you even notice? Post by: Mageant on March 13, 2012, 01:10:40 PM I just calculated the volumes on http://bitcoincharts.com/markets/ and Mt.Gox had 65% of the volume.
Title: Re: What if I was buying coins, would you even notice? Post by: cpt_howdy on March 13, 2012, 01:27:38 PM MtGox has 71% of the volume over last 24 hours, and 87% over last 30 days.
Think that 50% figure was an anomaly - perhaps you were calculating [MtGoxUSD / market] rather than [MtGox all currencies / market]? more then 50% of coins traded in the past 24 hour was not on mtgox Title: Re: What if I was buying coins, would you even notice? Post by: P_Shep on March 13, 2012, 06:02:58 PM The bitcoin market is very good at arbitrage. is it really? wana buy some coins at 4.64? I'll buy some coins off you for $4.64 :) Title: Re: What if I was buying coins, would you even notice? Post by: evoorhees on March 13, 2012, 06:12:42 PM Of course buying 100,000 coins from anywhere will impact the price on Gox. You will be removing that much supply which otherwise would've been purchased by someone else, meaning when those others come looking for coins, they'll have to bid up the prices on an exchange to get them.
|