Bitcoin Forum
May 05, 2024, 05:52:30 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > re: market depth
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: re: market depth  (Read 1285 times)
weinerk (OP)
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
March 12, 2011, 09:04:56 PM
 #1
re: market depth
All of MtGox offer depth is less than 50K USD?  http://www.taters.net/cgi-bin/btc/matrix.pl?axisinc=0.1
What if someone will want to buy 100K ?
1714931550
Hero Member
*
Offline Offline

Posts: 1714931550

View Profile Personal Message (Offline)

Ignore
1714931550
1714931550
Reply with quote  #2
1714931550
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714931550
Hero Member
*
Offline Offline

Posts: 1714931550

View Profile Personal Message (Offline)

Ignore
1714931550
1714931550
Reply with quote  #2
1714931550
Report to moderator
Grinder
Legendary
*
Offline Offline

Activity: 1284
Merit: 1001


View Profile
March 12, 2011, 09:34:37 PM
 #2
A lot of new sellers would appear if it looked like they actually could get for instance $1.50. It's just no point transferring funds to mtgox to add a sell order for a price they don't expect to get anyway.
barbarousrelic
Hero Member
*****
Offline Offline

Activity: 675
Merit: 502


View Profile
March 12, 2011, 09:53:02 PM
 #3
Quote from: weinerk on March 12, 2011, 09:04:56 PM
re: market depth
All of MtGox offer depth is less than 50K USD?  http://www.taters.net/cgi-bin/btc/matrix.pl?axisinc=0.1
What if someone will want to buy 100K ?



Assuming that buying up all the dark pool asks doesn't get you to 100k, you would not be able to buy 100k bitcoins at once.

(Dark pools are bids or asks in excess of 1000 that don't show up on the market depth chart. It's a bonus you get just for being a big trader.)
Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
Pages: [1]
  Print  
Bitcoin Forum > Bitcoin > Bitcoin Discussion > re: market depth
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!