Graphs and Price change question? | Bitcointalksearch.org

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: BitPirate on May 20, 2013, 03:52:08 AM

I think the "instant order" at Bitstamp just sets a limit order at the current "best price", and then moves it to the current "best price" every 5 minutes. It doesn't account for slippage. So it's not that bad.

What if more people are doing instant orders at the same time? Wouldn't you run the risk to sell lower than you wanted to when the bid side is rather thin?

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

I think the "instant order" at Bitstamp just sets a limit order at the current "best price", and then moves it to the current "best price" every 5 minutes. It doesn't account for slippage. So it's not that bad.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: bradbrad on May 20, 2013, 03:41:03 AM

Quote from: Miz4r on May 20, 2013, 03:35:58 AM

Only if you do a market order, which would not be an advisable thing to do at Bitstamp.

Why not? Tested it out, but it only sold 11BTC which caused the price to drop a bit, but obivously not the full amount because the full amount didnt get sold

Because it's more profitable to set a limit order just under the current lowest ask price.

bradbrad

newbie

Activity: 27

Merit: 0

Quote from: Miz4r on May 20, 2013, 03:35:58 AM

Only if you do a market order, which would not be an advisable thing to do at Bitstamp.

Why not? Tested it out, but it only sold 11BTC which caused the price to drop a bit, but obivously not the full amount because the full amount didnt get sold

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

You could take it to mean that "you would have to set your limit order at $114.48 if you wanted to fill an entire order of 50 BTC immediately".

Miz4r

legendary

Activity: 1246

Merit: 1000

Only if you do a market order, which would not be an advisable thing to do at Bitstamp.

RationalSpeculator

sr. member

Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

I think so, yes

bradbrad

newbie

Activity: 27

Merit: 0

Not sure if this is the right place to post this, but hoping someone can help me understand. Warning, I am a bit of a newbie to graphs

Looking at the volume on bitstamp, the bottom graph, if it says for example "50 BTC can be sold for a total of 5.83k USD untill price goes below 114,48" Does that mean if I sell 50 coins, the price will drop from 116.33 to 114.48?
http://www.vertexcentral.com/short.jpg

Topic: Graphs and Price change question? (Read 3869 times)