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Author Topic: long term high sell order prices may affect cost of BTC  (Read 799 times)
Kaiji
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May 14, 2013, 07:19:14 AM
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If a large number of people put out sell orders much higher than current market prices in the hope of not missing a spike in the price; will that indirectly force prices to rise? Hope that makes sense.
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May 14, 2013, 07:58:11 AM
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If a large number of people put out sell orders much higher than current market prices in the hope of not missing a spike in the price; will that indirectly force prices to rise? Hope that makes sense.

If liquidity were an issue for a large buyer, they might take the opportunity to make a large investment.  Other than that, no, and there seems to be plenty of liquidity anyway arm, just no market orders.

https://www.bitcoin.org/bitcoin.pdf
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May 14, 2013, 09:05:22 AM
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How could increasing the number of sells orders make the price to increase?Huh
Supply and demand, it should indirectly force prices to decrease...
BitcoinAshley
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May 14, 2013, 12:21:55 PM
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Not unless there is limited liquidity.

I.E. HUGE buyer places HUGE buy order at market price. All the market price sell orders get filled, all the market price sell orders at price  + 5, 10, 15, 20, etc. get filled. However this spike would probably be momentary and there would be a significant correction.

All the sell orders spaced from 250, 500, etc. on will simply slow down any rise that happens. A lot of people learned their lesson from the sharp rise to $260. Same thing with buy orders. As we saw in April, there are enough buy orders at and below 50 to catch a pretty sharp falling knife.
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May 14, 2013, 12:38:28 PM
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Not unless there is limited liquidity.

I.E. HUGE buyer places HUGE buy order at market price. All the market price sell orders get filled, all the market price sell orders at price  + 5, 10, 15, 20, etc. get filled. However this spike would probably be momentary and there would be a significant correction.

All the sell orders spaced from 250, 500, etc. on will simply slow down any rise that happens. A lot of people learned their lesson from the sharp rise to $260. Same thing with buy orders. As we saw in April, there are enough buy orders at and below 50 to catch a pretty sharp falling knife.

Some walls push, some walls pull, some walls do both, depending on what the rest of the market is doing.

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