Huobi going down, Bitfinex refusing to follow any further

ensurance982

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Quote from: WhatTheGox on April 09, 2015, 05:50:14 AM

Quote from: ensurance982 on April 08, 2015, 09:29:11 AM

Huobi seems to have gone lower than Bitfinex today, and the order book on finex also looks rather empty on the ask side, compared to the bid side and the ask side on Huobi, which is rather balanced in comparison.

Finex is probably about 3 times as important as huobi, dont trust the china exchanges they aren't as liquid. Seems like the volume is spread equally over huobi/btcchina/okcoin but we dont know.

Thing is: They're very often leading the rallies and dumps. Even if it is just because people are looking at the Chinese exchanges, they still influence (or lead) the market.

zcxvbs

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Quote from: WhatTheGox on April 09, 2015, 05:50:14 AM

Quote from: ensurance982 on April 08, 2015, 09:29:11 AM

Huobi seems to have gone lower than Bitfinex today, and the order book on finex also looks rather empty on the ask side, compared to the bid side and the ask side on Huobi, which is rather balanced in comparison.

Finex is probably about 3 times as important as huobi, dont trust the china exchanges they aren't as liquid. Seems like the volume is spread equally over huobi/btcchina/okcoin but we dont know.

Well, don't trust Chinese exchanges? Then trust who? MTGOX?
Yes, probably some Chinese are not trustworthy, but some likes BTCChina that have been running since 2011 is trustworthy. Basically it's old as MTGOX but go well so far.

WhatTheGox

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Quote from: ensurance982 on April 08, 2015, 09:29:11 AM

Huobi seems to have gone lower than Bitfinex today, and the order book on finex also looks rather empty on the ask side, compared to the bid side and the ask side on Huobi, which is rather balanced in comparison.

Finex is probably about 3 times as important as huobi, dont trust the china exchanges they aren't as liquid. Seems like the volume is spread equally over huobi/btcchina/okcoin but we dont know.

NUFCrichard

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Quote from: ensurance982 on April 08, 2015, 09:29:11 AM

Huobi seems to have gone lower than Bitfinex today, and the order book on finex also looks rather empty on the ask side, compared to the bid side and the ask side on Huobi, which is rather balanced in comparison.

Personification and assuming that single whales are controlling the market are two of the 2 weird ideas of these boards...

These moves are more than likely due to trading bots working on each exchange, they follow money and can then move the prices in large jumps. These moves can be just on one exchange as a small price move is exacerbated by the bots jumping in after the first move.

mrhelpful

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Not surprised, since they pretty can control $50 difference or more.

Its like they want a huge volume discount for a certain price, so why not try on how the market reacts right? I would probably do the same thing if I was a whale too.

ensurance982

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Quote from: 1Referee on April 08, 2015, 10:02:55 AM

That was a nice dump with nearly a 7K volume peak as result, where the rest of the day was quite low on volume.

Orderbooks are just there for the show. Whales from time to time pull back orders to make it look like something is going to happen.

Thing is, I really would have expected the order book to fill back up on the ask-side. At least a bit more than it did. Finex bears seem to be low on ammo now Cheesy

1Referee

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That was a nice dump with nearly a 7K volume peak as result, where the rest of the day was quite low on volume.

Orderbooks are just there for the show. Whales from time to time pull back orders to make it look like something is going to happen.

ensurance982

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Activity: 518

Merit: 500

Trust me!

Huobi seems to have gone lower than Bitfinex today, and the order book on finex also looks rather empty on the ask side, compared to the bid side and the ask side on Huobi, which is rather balanced in comparison.

Topic: Huobi going down, Bitfinex refusing to follow any further (Read 901 times)