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Topic: Could someone explain to me the numbers highlighted in this capture? (Read 1002 times)
December 07, 2013, 01:21:57 AM
December 07, 2013, 12:56:11 AM
Okay, I think I can explain.
They are indeed buy and sell orders (the buy orders are the ones lower than the current price and the sell orders are the higher ones) The current price is the middle one in red.
In this case the last price is 650. The next sell order in a higher class is 662.00000 (trying to sell 42.970)
The remaining coins wanted at 650 price would be below in red. 434.99 at 650.0000.
The right column would have to be the amount of people/orders within a certain price range. This is a reversed bell curve because it is cumulative. The 88 sell orders for the 665 range would be 43 of the 660 range +45 of the 665 range and so on.
I don't know what you mean with the left column and numbers appearing. I guess orders being filled or added or withdrawn change the make-up of the table.
It would make sense for people to put more sell orders in for higher volumes if you want to sell. Suppose I have 10 bitcoins. (strategy 1) If the price goes up to 1000 I want to sell 1 and make a 1000. if it goes up to 10000, I want to sell 3 and make 30000 and so on. (strategy 2) If I put a sell order in for 4 coins at 1000 then if the price goes up to 10000 when I am sleeping, I sold those 4 coins for 1000 automatically and I only made 4000 when I could have made 31000 with strategy one.
The same goes for buying. If you put too much orders close to market price, you risk buying too high when the price drops completely.
(note I am not responsible for any of this info, just take it as a calculated and logical answer that could be partially wrong)
They are indeed buy and sell orders (the buy orders are the ones lower than the current price and the sell orders are the higher ones) The current price is the middle one in red.
In this case the last price is 650. The next sell order in a higher class is 662.00000 (trying to sell 42.970)
The remaining coins wanted at 650 price would be below in red. 434.99 at 650.0000.
The right column would have to be the amount of people/orders within a certain price range. This is a reversed bell curve because it is cumulative. The 88 sell orders for the 665 range would be 43 of the 660 range +45 of the 665 range and so on.
I don't know what you mean with the left column and numbers appearing. I guess orders being filled or added or withdrawn change the make-up of the table.
It would make sense for people to put more sell orders in for higher volumes if you want to sell. Suppose I have 10 bitcoins. (strategy 1) If the price goes up to 1000 I want to sell 1 and make a 1000. if it goes up to 10000, I want to sell 3 and make 30000 and so on. (strategy 2) If I put a sell order in for 4 coins at 1000 then if the price goes up to 10000 when I am sleeping, I sold those 4 coins for 1000 automatically and I only made 4000 when I could have made 31000 with strategy one.
The same goes for buying. If you put too much orders close to market price, you risk buying too high when the price drops completely.
(note I am not responsible for any of this info, just take it as a calculated and logical answer that could be partially wrong)
December 07, 2013, 12:19:40 AM
Bump
December 06, 2013, 10:27:54 PM
106 views and not one post?
You can even post it in short hand if you don't want to explain it thouroughly
You can even post it in short hand if you don't want to explain it thouroughly
December 06, 2013, 10:17:40 PM
So I've been watching bitcoinwisdom the past couple of weeks just for fun, but what confuses me about the information displayed are the values I have highlighted in the capture I'm posting.
It seems like they're ask/offers, but why do they form like a sort of inverse bell curve with the highest concentration of buy and sells at the highest and lowest values?
Also, what are those random numbers that appear occasionally in the left column?
And finally, why when even one extreme has much higher volume (something like 10k offers in the 800-900 range when only maybe 5k in the 500-700) does it not weigh the current price more in the favour of the higher volume?
Thanks to any answers!
It seems like they're ask/offers, but why do they form like a sort of inverse bell curve with the highest concentration of buy and sells at the highest and lowest values?
Also, what are those random numbers that appear occasionally in the left column?
And finally, why when even one extreme has much higher volume (something like 10k offers in the 800-900 range when only maybe 5k in the 500-700) does it not weigh the current price more in the favour of the higher volume?
Thanks to any answers!
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