Title: understanding bitcoincharts market depth Post by: phathash on May 15, 2011, 10:30:42 AM I read the following on their mtgoxUSD_depth.html page for example -
Bid Volume BTC USD 7.50 174 (3) 1200 8485 7.73 5 (1) 1250 8868 7.75 40 (1) 1290 9178 7.76 25 (1) 1315 9372 What is the volume field? What does the "174" and "3" mean in the 7.50 bid? Is this 3 people offering to sell @ 7.50? Title: Re: understanding bitcoincharts market depth Post by: vuce on May 15, 2011, 10:33:51 AM there are 174 bitcoins offered at that price range (7.5$/btc) and there are 3 different prices in that bucket (eg. 7.4999, 7.499, 7.5).
Title: Re: understanding bitcoincharts market depth Post by: phathash on May 15, 2011, 10:35:14 AM there are 174 bitcoins offered at that price range (7.5$/btc) and there are 3 different prices in that bucket (eg. 7.4999, 7.499, 7.5). Thanks, but what is the 1200 figure ? Title: Re: understanding bitcoincharts market depth Post by: vuce on May 15, 2011, 10:36:36 AM ah yes, that would be cumulative number of bitcoins (how many you would have to buy to actually get to that price range), eg. someone who desperately wants to buy 10000 btc would drive the price up to 9.69 $/btc.
Title: Re: understanding bitcoincharts market depth Post by: phathash on May 15, 2011, 10:37:30 AM tyty! I'm a little slow at this.
Title: Re: understanding bitcoincharts market depth Post by: phathash on May 15, 2011, 10:54:24 AM So sry. but last question.. given the following -
Ask Volume BTC USD 6.76 43 (8) 43 292 6.77 10 (5) 53 358 6.80 13 (1) 66 445 6.88 1 (1) 67 455 Cumulative value is 67. Say I wanted those 67, how much do you bid in mtgox? If you enter 67 x 6.88 in mtgox, it calculates cost at US$460.96. However, there are cheaper asks under 6.88, would I get those first... would only $455 be deducted from the account? Title: Re: understanding bitcoincharts market depth Post by: vuce on May 15, 2011, 10:55:54 AM So sry. but last question.. given the following - mtgox will buy the cheapest it can get.Ask Volume BTC USD 6.76 43 (8) 43 292 6.77 10 (5) 53 358 6.80 13 (1) 66 445 6.88 1 (1) 67 455 Cumulative value is 67. Say I wanted those 67, how much do you bid in mtgox? If you enter 67 x 6.88 in mtgox, it calculates cost at US$460.96. However, there are cheaper asks under 6.88, would I get those first... would only $455 be deducted from the account? Title: Re: understanding bitcoincharts market depth Post by: Enky1974 on May 16, 2011, 12:02:16 PM So sry. but last question.. given the following - mtgox will buy the cheapest it can get.Ask Volume BTC USD 6.76 43 (8) 43 292 6.77 10 (5) 53 358 6.80 13 (1) 66 445 6.88 1 (1) 67 455 Cumulative value is 67. Say I wanted those 67, how much do you bid in mtgox? If you enter 67 x 6.88 in mtgox, it calculates cost at US$460.96. However, there are cheaper asks under 6.88, would I get those first... would only $455 be deducted from the account? Example, if best bid it's at 7.30 and best ask at 7.60 put a limit order at 7.45, you will buy at a better price compared to buying at market. |