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Author Topic: What do you think of mt. gox bid orders?  (Read 838 times)
Edward50
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September 16, 2011, 04:06:13 PM
 #1

Bid   3.6   4923.06
Bid   3.65   1031.26
Bid   3.7     1499.11
Bid   3.75   527.34
Bid   3.8     2617.32
Bid   3.85   1389.09
Bid   3.9    6106.15
Bid   3.95   483.18
Bid   4      7292.03
Bid   4.05   6084.98
Bid   4.1    4490.52
Bid   4.15   2270.45
Bid   4.2    3741.56
Bid   4.25   2259.17
Bid   4.3    2147.02
Bid   4.35   1485.28
Bid   4.4    2678.29
Bid   4.45   1911.72
Bid   4.5    3167.15
Bid   4.55   530.19
Bid   4.6    998.17
Bid   4.65   149.93
Bid   4.7    2841.89
Bid   4.75   1180.95

Seems pretty high. If all these people really wanted so many bitcoins, why do they just not buy them at the current price?


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sukiho
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September 16, 2011, 04:13:19 PM
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perhaps because they dont want to?
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September 16, 2011, 04:14:43 PM
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Well obviously cause they are idiots.

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September 16, 2011, 04:15:51 PM
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they are waiting for you to dump your massive coin collection Cool
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September 16, 2011, 04:17:03 PM
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Wow that totalled 61797 coins in bid orders.



Rally?
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September 16, 2011, 05:47:15 PM
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Seems pretty high. If all these people really wanted so many bitcoins, why do they just not buy them at the current price?

....PROFIT?

They're not long on Bitcoin. They're in position to buy on a wild dip. I have some buys at 4.70, b/c I could see a moderate dip hitting that price point. If the price slowly trends lower, I may adjust my buys to $4.65. I don't have the time or the precision to buy on every little $0.05  blip. I have to hit swings of $0.15 or more to make trading worthwhile.
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September 16, 2011, 07:12:05 PM
 #7

All it will take is a few more people selling 20000 BTC all at once to change their bid habits.
Their bots will not act quick enough and will be stuck with a lot of over priced BTC.
And then watch the ask wall just grow by leaps and bounds as they push things even lower
to get rid of the stuff 30 cents higher then they paid.. which no one will buy.
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September 17, 2011, 03:10:59 AM
 #8

Seems pretty high. If all these people really wanted so many bitcoins, why do they just not buy them at the current price?

It's like everything else in investing: people won't buy if the price is too high.  You could ask the same about US housing, and why people won't pay $200k for a house anymore.  They won't pay it because that house will be $150k next year, so why buy today?

I like a lot of other people have low bids to take advantage of the market becoming irrational, and automatically place asks at profit when those bids are fulfilled.  Only problem is, if a lot of other people are doing exactly the same thing then we all lose in the long term.  We need new money to come into the market.  There are 7200 bitcoins made each and every single day.  If only half of those are sold on average that means we need over $17k of new money every day just to keep the price stable.  Not much in the grand scheme of things, but finding people willing to dump $17k into bitcoins on a daily basis is no easy task.

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September 17, 2011, 03:52:53 AM
 #9

Wow that totalled 61797 coins in bid orders.



Rally?
hopeful, but in reality, no
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