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Author Topic: To all people who defend the value of the BTC  (Read 1048 times)
fadisaaida
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May 27, 2011, 06:43:50 AM
 #1

"Can't fill complete order!
Buy 31637.13 BTC for 321448.3 USD

Can't fill complete order!
Sell 24200.2 BTC for 181720.18 USD"


With the very basic logic i have with me , doesn't this show that the supply is 30% higher than demand ? even though the depth shows open orders ( which can be laregly speculative).

average whole market bidding ( 7.5$ )
average whole market asking ( 10.1$ )

put it in another words , it would take me 24000 coins to cover alll the coins demands on the cost of almost half of the whole supply.

someone can explain this to me  ( in basic english ? )

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airdata
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May 27, 2011, 04:27:05 PM
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Look at the USD..  Left in the hands of the federal reserve that just prints money out of thin air to the point where all of the other money loses value.
FooDSt4mP
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May 27, 2011, 04:47:34 PM
 #3

"Can't fill complete order!
Buy 31637.13 BTC for 321448.3 USD

Can't fill complete order!
Sell 24200.2 BTC for 181720.18 USD"


With the very basic logic i have with me , doesn't this show that the supply is 30% higher than demand ? even though the depth shows open orders ( which can be laregly speculative).

average whole market bidding ( 7.5$ )
average whole market asking ( 10.1$ )

put it in another words , it would take me 24000 coins to cover alll the coins demands on the cost of almost half of the whole supply.

someone can explain this to me  ( in basic english ? )

First, this post will likely be moved to bitcoin discussion, or perhaps economics.  Marketplace->Selling is for selling items you will accept BTC for.  Second, in this market, there are less bids because new USD funds are usually spent fairly quickly once they arrive at mtgox, and those receiving them tend to cash out.  Bitcoins can be moved in and out much quicker.  This will not always be the case, but during the initial growth, it likely will be a strong tendency.

As we slide down the banister of life, this is just another splinter in our ass.
Littleshop
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May 27, 2011, 05:36:59 PM
 #4

"Can't fill complete order!
Buy 31637.13 BTC for 321448.3 USD

Can't fill complete order!
Sell 24200.2 BTC for 181720.18 USD"


With the very basic logic i have with me , doesn't this show that the supply is 30% higher than demand ? even though the depth shows open orders ( which can be laregly speculative).

average whole market bidding ( 7.5$ )
average whole market asking ( 10.1$ )

put it in another words , it would take me 24000 coins to cover alll the coins demands on the cost of almost half of the whole supply.

someone can explain this to me  ( in basic english ? )
This is how the real stock market works as well.  There are usually many more sell orders listed (at out of market prices) vs the buy orders. 

The demand/supply curve is where these two meet, and there is a lot of volume at mtgox.

PS - this thread should be moved to trading discussion or general discussion. 

fadisaaida
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May 27, 2011, 05:45:11 PM
 #5

thanks all for answering , i though i have deleted the thread in the wrong section but i see now im not allowed to do so Smiley. if a moderator plz deleted this one since it's a duplicate !

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