Quick Market Analysis - 7/29 10 PM EST

[DrYe5]

You're misinterpreting what IS made available.

Or do you really think that EUR, GBP, OTC transactions, and even SSL don't make the market?

Where is that information available?

[bearbones]

You're misinterpreting what IS made available.

Or do you really think that EUR, GBP, OTC transactions, and even SSL don't make the market?

Where is that information available?

I don't know what to say. Is this your first time on the internet? ^^^links^^^

If you can make it onto IRC, I'd recommend it. You'll find market makers, among others. Always remember that bitcoin was created and pushed by pseudonymous figures. Privacy is one of the biggest benefits of bitcoin. Even if we counted all the orders on every public exchange of every currency, this type of analysis would be very speculative.

1,336,206.55 BTC have been sent in the last 24h. http://bitcoinwatch.com/

We will never know how 99% of them were spent.

[EDIT]Doing the math, 99% is probably an exaggeration. You might get up to 10%, if you tried really really hard[/EDIT].

[Timo Y]

The order book is very unreliable.  It's only a snapshot. There are lots of buyers and sellers with BTC or USD sitting in mtgox who don't place orders until the last moment. There are dark pools. There are large trades going on on bitcoin-otc. And finally, mtgox doesn't publish most of the order book. Only a narrow range. 

[Litt]

who is this guy and why is this on the discussion forum

[hazek]

Maybe I'm a noob here... but how are these figures relevant when there are "dark pools" which hide X amount of orders?

Furthermore, how many people just sit on the sidelines watching, without putting in formal bids? If I want to trade at X price, it doesn't mean I'll have a standing bid.

Seems that these are very big unknowns, no?

Not only that but mtgox, even though they plan on changing that, still only shows 0.73/1.73 of the depth table. That's right you only see the bids that are up to 27% under spot and you only see asks that are up to 73% above spot.

At least with TH we see the whole depth table.