Bitcoin Forum
December 05, 2016, 04:47:51 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Market Depth. Why is the price so low?  (Read 500 times)
BitMiner223
Newbie
*
Offline Offline

Activity: 1


View Profile
September 08, 2011, 03:51:02 PM
 #1

I was looking at the market depth figures.  There are clearly WAY more buyers than sellers.  In these conditions one would expect the price to rise, not drop.  The price continues to hover, if not be falling.  Anyone care to explain the economics?

http://bitcoincharts.com/charts/mtgoxUSD/orderbook.png

1480913271
Hero Member
*
Offline Offline

Posts: 1480913271

View Profile Personal Message (Offline)

Ignore
1480913271
Reply with quote  #2

1480913271
Report to moderator
1480913271
Hero Member
*
Offline Offline

Posts: 1480913271

View Profile Personal Message (Offline)

Ignore
1480913271
Reply with quote  #2

1480913271
Report to moderator
1480913271
Hero Member
*
Offline Offline

Posts: 1480913271

View Profile Personal Message (Offline)

Ignore
1480913271
Reply with quote  #2

1480913271
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480913271
Hero Member
*
Offline Offline

Posts: 1480913271

View Profile Personal Message (Offline)

Ignore
1480913271
Reply with quote  #2

1480913271
Report to moderator
1480913271
Hero Member
*
Offline Offline

Posts: 1480913271

View Profile Personal Message (Offline)

Ignore
1480913271
Reply with quote  #2

1480913271
Report to moderator
1480913271
Hero Member
*
Offline Offline

Posts: 1480913271

View Profile Personal Message (Offline)

Ignore
1480913271
Reply with quote  #2

1480913271
Report to moderator
laclede
Newbie
*
Offline Offline

Activity: 7


View Profile
September 08, 2011, 08:59:03 PM
 #2

They are 'buyers' but they aren't buying, they are effectively backstopping.  The price is sliding, so is the support.  This is also why there are big swings, people are looking for the bottom, but the buying bottom is sliding to find where the 'actual' buyers are.
Cosbycoin
Full Member
***
Offline Offline

Activity: 140


View Profile
September 12, 2011, 10:13:54 PM
 #3

Not enough buyers. Simply put.
worldinacoin
Hero Member
*****
Offline Offline

Activity: 658



View Profile WWW
September 13, 2011, 02:30:52 AM
 #4

Exchange, buying and selling of bitcoin is only one thing.  The most crucial thing is the usage of bitcoin, the more widespread the usage, the more demand and the more the bitcoin will go up in value and in price.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!