I get the feeling that "dark" bids/asks are getting more common

[chriswilmer]

It's hard to tell what's going on with Bitstamp's price, when looking at the order book, but it would make sense if there were large invisible bid/ask walls. Does anybody else get a sense that dark bids/asks are getting more common?

*shrugs*

[wtfvanity]

Screen shot or some examples?

You're saying the price sits where it's at while volume increases, but you can't see the bids or asks in the charts?

[sinner]

Screen shot or some examples?

You're saying the price sits where it's at while volume increases, but you can't see the bids or asks in the charts?

http://www.examiner.com/article/the-bitcoin-frenzy-interview-with-tradehill-ceo-jered-kenna

NP: What about the dark pools feature you added? How are people going to benefit?

JK: Dark pools are really useful, because they allow people to buy and sell large amounts of bitcoins without moving the price. If you want to buy 1 million dollars worth of bitcoins, you'll run the price up and that's what's happening now with the volatile prices. They eat up all the supplies and the price goes up. Dark pools allow you to do that, same for selling large amounts without running the price down. It's a big advantage, next to an open book infrastructure.

gonna be difficult to find info on dark pool stats

[chriswilmer]

Thanks for the suggestion. Here is what I mean:




The price has stayed at $350 all day, despite Mt.Gox and BTCChina going all over the place, even though the bid/ask depth looks very thin. That makes me think there are invisible walls in the form of bots who just buy or sell small amounts whenever the price moves beyond a threshold.

Obviously this has been possible (and going on) for years already, but I just wonder if it is becoming more prevalent.

[ajax3592]

It's hard to tell what's going on with Bitstamp's price, when looking at the order book, but it would make sense if there were large invisible bid/ask walls. Does anybody else get a sense that dark bids/asks are getting more common?

*shrugs*

Not every person on the planet buys their bitcoins from online exchanges, their are things like localbitcoins whose statistics do not contribute to charts/graphs

[TERA]

It's called Bitfinex.

[Zangelbert Bingledack]

Don't forget the BIT.

[derpinheimer]

Thanks for the suggestion. Here is what I mean:




The price has stayed at $350 all day, despite Mt.Gox and BTCChina going all over the place, even though the bid/ask depth looks very thin. That makes me think there are invisible walls in the form of bots who just buy or sell small amounts whenever the price moves beyond a threshold.

Obviously this has been possible (and going on) for years already, but I just wonder if it is becoming more prevalent.

No, there arent and have not been invisible walls on Gox, and most likely not on Stamp either.

Just because the price isnt moving doesnt mean there is an invisible wall. It takes volume to move the price. If there is no volume, there is no volatility.

If you somehow saw a 1k volume spike and the price barely moved, then there is something going on (Or, a visible wall).

But thats not happening. Some of the 200-500 volume spikes on Stamp have moved the price a lot; no invisible walls.

[notme]

Bitfinex has dark pools.  Bitfinex trades on bitstamp.

[calian]

No, there arent and have not been invisible walls on Gox, and most likely not on Stamp either.

In early 2011 on MtGox there were. They brought them all out into the light when people started becoming doubtful about their market.

[TERA]

Bitfinex used to trade on gox too until goxs issues.