Killerpotleaf
Sr. Member
 Offline
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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August 24, 2012, 06:56:48 PM |
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holy shit 10.40!  Time to build up the bids and dump again?
i have a bad feeling about this..... but i cannot bring my self to hit the buy button atm |
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dopamine
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August 24, 2012, 06:58:32 PM |
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all big wall offers get pulled and then we rally  |
Bitcoinica still has not given me 50% of my claim of 600 BTC
INTERSANGO can go down with bitcoinica for abandoning customers
Alberto Armandi is a SCAMMER
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Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
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August 24, 2012, 06:59:51 PM |
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Someone needs bitcoins |
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humanitee
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August 24, 2012, 07:00:15 PM |
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holy shit 10.40! Time to build up the bids and dump again?
i have a bad feeling about this..... but i cannot bring my self to hit the buy button atm I'm definitely not buying. Too fake. |
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
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| Whitepaper
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niko
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August 24, 2012, 07:03:35 PM |
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Is there any primer on how to read these walls again within the 100+ pages for us eco noobs watching from the sidelines?
I get the walls idea but so what, if there's a huge ask (selling) wall, the price should stay where it's at, right? If there's a huge bid (buying) wall, the price shouldn't move down too much either?
Should the charts be mirroring each other ideally?
Otherwise if the orange line is flat, all the lower priced orders could be bought up sold into so the price crashes?
Different opinions on walls, but you have the right idea. Correction to your terminology, when the bids are thin, they are sold into, crashing the price. When the asks are thin, they are bought up quicker (rally). That's what usually happens in my opinion, so I like trading based on depth (bid depth vs ask depth). Others think its better to ignore, because they are sometimes manipulation attempts ("fake" walls that get removed). I usually trade on the spot, without placing an order on the book. I want to buy - go ahead and buy. I want to sell - go ahead and sell. I only pay attention to the order book to see how much I'll move the price, and what the average price will be. |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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Killerpotleaf
Sr. Member
Offline
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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August 24, 2012, 07:06:27 PM |
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Is there any primer on how to read these walls again within the 100+ pages for us eco noobs watching from the sidelines?
I get the walls idea but so what, if there's a huge ask (selling) wall, the price should stay where it's at, right? If there's a huge bid (buying) wall, the price shouldn't move down too much either?
Should the charts be mirroring each other ideally?
Otherwise if the orange line is flat, all the lower priced orders could be bought up sold into so the price crashes?
Different opinions on walls, but you have the right idea. Correction to your terminology, when the bids are thin, they are sold into, crashing the price. When the asks are thin, they are bought up quicker (rally). That's what usually happens in my opinion, so I like trading based on depth (bid depth vs ask depth). Others think its better to ignore, because they are sometimes manipulation attempts ("fake" walls that get removed). I usually trade on the spot, without placing an order on the book. I want to buy - go ahead and buy. I want to sell - go ahead and sell. I only pay attention to the order book to see how much I'll move the price, and what the average price will be. i almost never do this, unless its like a total frenzy, i always place bids or asks and wait |
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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August 24, 2012, 07:07:44 PM |
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Looks like the volume is ticking up now, I wonder what the play is? It shouldn't last with everyone being so hesitant.
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Tired of substandard power distribution in your ASIC setup??? Chris' Custom Cablez will get you sorted out right! No job too hard so PM me for a quote
Check my products or ask a question here: https://bitcointalk.org/index.php?topic=74397.0
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humanitee
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August 24, 2012, 07:24:58 PM |
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I'd say up.
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
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waspoza
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August 24, 2012, 07:27:44 PM |
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MANIPULATION! ... but this time we have no clue which way the manipulator wants us to go   |
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kentrolla
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August 24, 2012, 08:10:01 PM |
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this weekend is going to be fun
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████████▄▀████▀█████▄▄ | .
"I could either watch it
happen or be a part of it"
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morkai421
Newbie
Offline
Activity: 18
Merit: 0
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August 24, 2012, 08:25:56 PM |
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I'm starting to wonder if some are not into btc just for the thrill of gambling
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Yuhfhrh
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August 24, 2012, 10:24:04 PM |
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I'm starting to wonder if some are not into btc just for the thrill of gambling
Lol ^.^ |
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LoweryCBS
Sr. Member
Offline
Activity: 364
Merit: 250
firstbits 1LoCBS
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August 24, 2012, 10:59:14 PM |
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I'm starting to wonder if some are not into btc just for the thrill of gambling
Not me. I'm in it for the chicks. |
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Spekulatius
Legendary
Offline
Activity: 1022
Merit: 1000
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August 25, 2012, 12:16:18 AM |
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I'm starting to wonder if some are not into btc just for the thrill of gambling
Not me. I'm in it for the chicks.  |
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Killerpotleaf
Sr. Member
Offline
Activity: 812
Merit: 250
A Blockchain Mobile Operator With Token Rewards
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August 25, 2012, 06:00:28 AM |
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humanitee
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August 25, 2012, 01:53:08 PM |
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Why does it feel like this is the most easily manipulated market ever? No walls are ever tested, people just flip out and sell or buy in front of them. I don't believe the depth chart at all for the bid side, a lot of those walls look fake.
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Fast, Secure, and Fully
Decentralized Trading | BACKED BY:
─────────────────────────
| BINANCE
─────── LAB | & | █████████████████████████████████ █ ███
█▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █
█ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██
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█████ █ ██ ███ █ ████ ████ ▄ ███
█▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██
████████████████████████████████████████ |
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| Whitepaper
Medium
Reddit
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arklan
Legendary
Offline
Activity: 1778
Merit: 1008
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August 25, 2012, 02:29:13 PM |
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i'd trust the bid walls far more then i ever would the asks. i mean, who wouldn't want to get some coins cheaper then the current price by catching them as the price shifts? it's risky, of course, cause the price could just go down farther then your bid. but catch the right flucation and you're golden. ah, gambling.  |
i don't post much, but this space for rent.
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