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Title: Bid walls are obsolete Post by: bb113 on March 20, 2012, 10:53:59 AM Papabull manipulator made it so by buying out everyone 20 cents higher during a panic crash.
Title: Re: Bid walls are obsolete Post by: Hunterbunter on March 20, 2012, 11:13:18 AM That's the second time it's happened in as many weeks. Clearly some people are playing with massive amounts of cash.
Having said that...the market is still larger than one person, so they can still get mobbed...unless that person secretly has about $100m in a gox account ready to go or something. Title: Re: Bid walls are obsolete Post by: gewure on March 20, 2012, 01:05:12 PM yeah. and i heard they got herpes.
Title: Re: Bid walls are obsolete Post by: bb113 on March 21, 2012, 12:28:36 AM That's the second time it's happened in as many weeks. Clearly some people are playing with massive amounts of cash. Having said that...the market is still larger than one person, so they can still get mobbed...unless that person secretly has about $100m in a gox account ready to go or something. Is there a way we can guess the max USD any given individual has? Different regulations for holding money over a certain amount or something. Title: Re: Bid walls are obsolete Post by: Hunterbunter on March 21, 2012, 12:53:38 AM That's the second time it's happened in as many weeks. Clearly some people are playing with massive amounts of cash. Having said that...the market is still larger than one person, so they can still get mobbed...unless that person secretly has about $100m in a gox account ready to go or something. Is there a way we can guess the max USD any given individual has? Different regulations for holding money over a certain amount or something. If people are trading with 1% risk on NAV...I suppose you could make some estimates. Very difficult though, I'm sure, and I doubt many people actually adhere to that rule strictly. Title: Re: Bid walls are obsolete Post by: Hunterbunter on March 21, 2012, 01:10:34 AM The other thing about walls that's become apparent to me over time, is that they're largely irrelevant as an indicator of price movements.
They're either just a show of "look how powerful I am" or an actual "I want to pay this much for BTC/USD". Someone acting in the marketplace has more of an effect on prices. Title: Re: Bid walls are obsolete Post by: Bro on March 21, 2012, 10:30:36 PM The other thing about walls that's become apparent to me over time, is that they're largely irrelevant as an indicator of price movements. They're either just a show of "look how powerful I am" or an actual "I want to pay this much for BTC/USD". Someone acting in the marketplace has more of an effect on prices. walls only affect those who look at them, wow epiphany.. ;) |