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Author Topic: Why does the Mt Gox depth chart end?  (Read 1024 times)
SgtSpike
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May 17, 2011, 11:32:21 PM
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I'm just curious if anyone knows the answer to this... currently, the market depth chart, as shown as part of the Mega Chart, ends at about $5.25 on the bottom end and about $12.00 at the top end.  Why does it not go further?  I am certain there are sell orders out there at outlandish amounts (like $200 or something), so why are these not shown on the depth chart?  Is there a way to see these outlier orders?
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May 17, 2011, 11:50:42 PM
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I'm just curious if anyone knows the answer to this... currently, the market depth chart, as shown as part of the Mega Chart, ends at about $5.25 on the bottom end and about $12.00 at the top end.  Why does it not go further?  I am certain there are sell orders out there at outlandish amounts (like $200 or something), so why are these not shown on the depth chart?  Is there a way to see these outlier orders?

I was wondering that too.  Also, the depth chart and table show a greater amount of the sell range than the buy range.  The current buy range shown is about $5.35-$7.40 ($2.05 range), and the current sell range shown is about $7.45-$12.27 ($4.82 range).  You can submit buy and sell orders beyond the displayed ranges, but they won't show up in the chart.
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May 18, 2011, 12:19:47 AM
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Mtgox used to publish the full order sheet but then for some reason they reverted to showing only the cropped version.

Not sure why.  Perhaps some traders were trying to manipulate the market by placing large asks a safe distance above the highest bid, in order to scare people into selling their BTC cheaply.  There was some evidence for that a while ago. Perhaps mtgox thinks that placing orders that you intend to retract as soon as the price moves is an abuse of their site.

This is pure speculation on my part of course.

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ribuck
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May 18, 2011, 10:53:10 AM
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The chart is cropped for efficiency, I presume. It takes about 10 seconds to plot on my phone, so I wouldn't want it to have any more data points.

And the way-out bids and offers don't mean much, because they inevitably disappear before the price gets anywhere near them.

They would be interesting though, because they would reveal how many coins and dollars are held by MtGox.
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May 18, 2011, 03:40:58 PM
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The chart is cropped for efficiency, I presume. It takes about 10 seconds to plot on my phone, so I wouldn't want it to have any more data points.
 

I assumed the same at first, but why not put them on the list? It's only an issue when there are big swings. I asked Jed a long time ago and don't recall getting an answer. I imagine it'll get changed when the whole site inevitably gets redone.

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