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Title: Depth right now at Bitstamp Post by: kryptopojken on June 05, 2014, 07:34:49 AM A market buy of 15837 BTC takes the price to $8000
A market sell of 27452 BTC takes the price to $50 Discuss Title: Re: Depth right now at Bitstamp Post by: the_sunship on June 05, 2014, 07:45:18 AM Neither will happen.
Title: Re: Depth right now at Bitstamp Post by: Raystonn on June 05, 2014, 07:46:37 AM A market buy of 15837 BTC takes the price to $8000 A market sell of 27452 BTC takes the price to $50 Discuss All else equal, and it never is, that means it's much more likely price will go to $8000 before $50. Title: Re: Depth right now at Bitstamp Post by: Dragonkiller on June 05, 2014, 07:46:41 AM Don't tell me what to discuss.
Title: Re: Depth right now at Bitstamp Post by: Raystonn on June 05, 2014, 07:47:40 AM Don't tell me what to discuss. Don't tell him what not to tell you. Title: Re: Depth right now at Bitstamp Post by: Dragonkiller on June 05, 2014, 07:48:51 AM Don't tell me what to discuss. Don't tell him what not to tell you. Don't tell me what not to tell him :D Title: Re: Depth right now at Bitstamp Post by: Raystonn on June 05, 2014, 07:50:45 AM Don't tell me what to discuss. Don't tell him what not to tell you. Don't tell me what not to tell him :D Don't... ah... just don't sell. ;) Title: Re: Depth right now at Bitstamp Post by: kryptopojken on June 05, 2014, 10:16:43 AM I'm just spreading information 8)
Title: Re: Depth right now at Bitstamp Post by: BTCfan1 on June 05, 2014, 10:22:04 AM 11 mil seems like a small amount of money when wall st. is about to get in the game
Title: Re: Depth right now at Bitstamp Post by: 10c on June 05, 2014, 10:33:42 AM now factor in all the other exchanges... ::)
Title: Re: Depth right now at Bitstamp Post by: blatchcorn on June 05, 2014, 11:03:28 AM This is just a snapshot perspective. The reality is that if a price crash were to happen, huge buy walls would quickly be established by bulls
Title: Re: Depth right now at Bitstamp Post by: jcoin200 on June 05, 2014, 05:13:39 PM 11 mil seems like a small amount of money when wall st. is about to get in the game I agree. It seems like the nature of bitcoin (seeing how there are only 12 million or so in circulation right now) is to go up in value. 1 single person could double BTC overnight hypothetically (or triple or quadruple!) Title: Re: Depth right now at Bitstamp Post by: Dalmar on June 05, 2014, 05:19:49 PM Most traders and miners have price alerts set on their phones... As price moves fast, the bids/asks will change rapidly as well. There's no point in looking at orders far off from price action.
Title: Re: Depth right now at Bitstamp Post by: Benjig on June 05, 2014, 06:02:09 PM Yes the current buy orders today means nothing, if the price were starting to crash i see the bulls putting so huge walls and the price wouldnt go below 350.. it would bounce back instantly
Title: Re: Depth right now at Bitstamp Post by: xybersurfer on June 05, 2014, 06:39:52 PM it's exactly like Benjig says
the order book can change very fast when things start going a different direction. i've watched it during times of high volume. the balance keeps changing usually Title: Re: Depth right now at Bitstamp Post by: ShakyhandsBTCer on June 14, 2014, 09:42:18 PM These are not really accurate numbers. They are only the numbers that have been entered into the market.
There are a lot of money and btc sitting at exchanges waiting to be traded when the price is right. |