Why so many BIDs on LakeBTC where price is high

[Mieehayii]

according to http://bitcoincharts.com/markets/  

LakeBTC has a leading price these days, and there are somebody doing arb on it cerrently.


quite high price



But do not be should sell bitcoins on LakeBTC? Why so many bids on it? And this is only part of the orders which onened by LakeBTC, do you think this reverse thinking could make profits?

so many bids

[Mieehayii]

Are there so many people believe bitcoin will fall to $327?

[rogerdonkey]

Are there so many people believe bitcoin will fall to $327?

maybe will happen in 2 days or 3 days bitcoin fall to $300

[BTCjust]

Are there so many people believe bitcoin will fall to $327?

maybe will happen in 2 days or 3 days bitcoin fall to $300

why do you think it? i hope it was true that I can bump a lot!

[Mieehayii]

Many this forum people are convinced that the price of a fancy to be below $300 within a couple of days

[rebuilder]

Looks to me like there are very few bids and asks there. It seems not to be a very liquid exchange, that tends to result in price differences versus the bigger exchanges.

[Fioraver]

Many this forum people are convinced that the price of a fancy to be below $300 within a couple of days

maybe this news http://www.coindesk.com/bitcoin-investment-trust-wins-48000-btc-us-marshals-bitcoin-auction/, but i don't think it

[GreenCoin22]

Looks to me like there are very few bids and asks there. It seems not to be a very liquid exchange, that tends to result in price differences versus the bigger exchanges.

No, LakeBTC didn't public all of the order book, which is just part of open orders.

BTC-e also only discloses a part

[rebuilder]

100 BTC to go down to 327 tells me it's not a very liquid exchange.

[Mieehayii]

Perhaps this is the wisdom of the selective public book, this part of open orders did not follow the price sort.

[SanMerryDro]

100 BTC to go down to 327 tells me it's not a very liquid exchange.

market depth is low 

[Fioraver]

100 BTC to go down to 327 tells me it's not a very liquid exchange.

The problem is that we do not know how it is showing its limited orders

[Francesca]

I did trading both on LakeBTC and BTC-e, but never had arbitrage

my intuition told me that is not reliable 

[genuise]

Hi, this is interesting discussion,

and I would like to share my concerns about lakeBTC trades.

maybe somebody can share my thoughts and give any idea?

here I prepared a screenshot. First is btcUSD market price and trades, second is lakeBTC.

This charting service separates each trade by its side bid or ask. What we can expect to see on all exchanges in general
that the number of bid trades will be almost the same as of ask trades. In other words sellers activity is counter weighted by the buyers activity.

This you can see on the increased screenshot for btceUSD trades. on the right.

What concerns me in case of lakeBTC there distribution of trades by type of the trade looks a "bit" fixed. There are the majority of trades grouped only on one side. As depicted on the second increased screenshot on the right.

The same one side grouping of trades is also present for lakeCNY trades too.

It would be interesting to try to clear this question. I would be glad to hear your opinion on this.

I am not trying to accuse anyone I am just trying to understand this problem more.

[Mieehayii]

Hi, this is interesting discussion,

and I would like to share my concerns about lakeBTC trades.

maybe somebody can share my thoughts and give any idea?

here I prepared a screenshot. First is btcUSD market price and trades, second is lakeBTC.

This charting service separates each trade by its side bid or ask. What we can expect to see on all exchanges in general
that the number of bid trades will be almost the same as of ask trades. In other words sellers activity is counter weighted by the buyers activity.

This you can see on the increased screenshot for btceUSD trades. on the right.

What concerns me in case of lakeBTC there distribution of trades by type of the trade looks a "bit" fixed. There are the majority of trades grouped only on one side. As depicted on the second increased screenshot on the right.

The same one side grouping of trades is also present for lakeCNY trades too.

It would be interesting to try to clear this question. I would be glad to hear your opinion on this.

I am not trying to accuse anyone I am just trying to understand this problem more.

Thanks for your analysis much, but I don't very understand this chart, it seems to BTC-e has a more compact data while LakeBTC's depth is really unreliability

[Frabcesco]

I only want to know why the price is down and down stopless 

[sandykho47]

The people who BIDS think bitcoin price will fall soon, so they sell their bitcoin
And that can really happen 

[Nrcewker]

I only want to know why the price is down and down stopless 

your worry is unnecessary, someday Bitcoin prices will take off 

[bounst]

I only want to know why the price is down and down stopless 

your worry is unnecessary, someday Bitcoin prices will take off 

agreen a part, the stable prices is that we all need, if the price suddenly rose to $ 1000, do not hesitate and quickly dump it, it will soon fell to the bottom