Bid walls are obsolete | Bitcointalksearch.org

Bro

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Quote from: Hunterbunter on March 20, 2012, 08:10:34 PM

The other thing about walls that's become apparent to me over time, is that they're largely irrelevant as an indicator of price movements.

They're either just a show of "look how powerful I am" or an actual "I want to pay this much for BTC/USD". Someone acting in the marketplace has more of an effect on prices.

walls only affect those who look at them, wow epiphany.. Wink

Hunterbunter

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Activity: 994

Merit: 1000

The other thing about walls that's become apparent to me over time, is that they're largely irrelevant as an indicator of price movements.

They're either just a show of "look how powerful I am" or an actual "I want to pay this much for BTC/USD". Someone acting in the marketplace has more of an effect on prices.

Hunterbunter

hero member

Activity: 994

Merit: 1000

Quote from: bb113 on March 20, 2012, 07:28:36 PM

Quote from: Hunterbunter on March 20, 2012, 06:13:18 AM

That's the second time it's happened in as many weeks. Clearly some people are playing with massive amounts of cash.

Having said that...the market is still larger than one person, so they can still get mobbed...unless that person secretly has about $100m in a gox account ready to go or something.

Is there a way we can guess the max USD any given individual has? Different regulations for holding money over a certain amount or something.

If people are trading with 1% risk on NAV...I suppose you could make some estimates. Very difficult though, I'm sure, and I doubt many people actually adhere to that rule strictly.

bb113

hero member

Activity: 728

Merit: 500

Quote from: Hunterbunter on March 20, 2012, 06:13:18 AM

That's the second time it's happened in as many weeks. Clearly some people are playing with massive amounts of cash.

Having said that...the market is still larger than one person, so they can still get mobbed...unless that person secretly has about $100m in a gox account ready to go or something.

Is there a way we can guess the max USD any given individual has? Different regulations for holding money over a certain amount or something.

gewure

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Activity: 364

Merit: 250

[#][#][#]

yeah. and i heard they got herpes.

Hunterbunter

hero member

Activity: 994

Merit: 1000

That's the second time it's happened in as many weeks. Clearly some people are playing with massive amounts of cash.

Having said that...the market is still larger than one person, so they can still get mobbed...unless that person secretly has about $100m in a gox account ready to go or something.

bb113

hero member

Activity: 728

Merit: 500

Papabull manipulator made it so by buying out everyone 20 cents higher during a panic crash.

Topic: Bid walls are obsolete (Read 1578 times)