Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29990. (Read 26686437 times)

legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
someone just dumped 820 coins on stamp  Shocked

But it didn't make that much of a dent.  BTC E is still $15 cheaper.   Bearstamp is still tied to Huobi and BTC E is off on a frolic of its own.
hero member
Activity: 601
Merit: 503
btc-e makes me sad

Its better than Huobi making all of us sad. Stamp will not move w/o clear instructions from China.

gox must save us again with a 3k market buy Smiley
hero member
Activity: 812
Merit: 1000
someone just dumped 820 coins on stamp  Shocked

maybe he misstyped the price into the amount of coins Cheesy
full member
Activity: 182
Merit: 100
someone just dumped 820 coins on stamp  Shocked
sr. member
Activity: 397
Merit: 250
btc-e makes me sad

Its better than Huobi making all of us sad. Stamp will not move w/o clear instructions from China.
hero member
Activity: 812
Merit: 1000
btc-e makes me sad
legendary
Activity: 1120
Merit: 1012
What's going on at btc-e? Always lower than bitstamp lately but now its almost $20 difference  Huh

Bitstamp is used more by payment processors like Coinbase/BitPay etc. keeping a steady flow, while btc-e is mainly speculation folk.

Wouldn't that (being used by payment processors) increase the downward pressure resulting in a lower exchange rate at BitStamp?

Do payment processors like Coinbase/BitPay purchase coins?
hero member
Activity: 910
Merit: 1003
theres always the awesome beaches of ubatuba just a few hrs away and some interesting mtns btw them if you hike...
I was there last october actually.  But "few hours" is more like six, on low traffic days...

Yes, the Serra do Mar plateau scarp covered with semitropical forest may be the best scenery in the whole State.  I know of at least one "Amazon jungle" movie that was actually shot there.
sr. member
Activity: 560
Merit: 250
"Trading Platform of The Future!"
BTC is officially STABLE
Nope... it's just CCMFing at a constant speed... See for yourself!

We need to eliminate friction and grav
then we can accelerate and CC2DAM00NMF
See for yourself
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
BTC is officially STABLE
Nope... it's just CCMFing at a constant speed... See for yourself!
sr. member
Activity: 560
Merit: 250
"Trading Platform of The Future!"
full member
Activity: 182
Merit: 100
What's going on at btc-e? Always lower than bitstamp lately but now its almost $20 difference  Huh
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
In this example, the existence of the big wall triggered a price drop that would have been delayed indefinitely without it.  Does this sort of thing happen in reality?  If so, is it common enough to negate the "protective" effect of big walls?

Constantly.  Any change in the available liquidity creates a new market environment for takers, and their rational choices change. 

In an unregulated environment, you will see liquidity taken away from the BBO.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
hero member
Activity: 910
Merit: 1003
Your terrors prescient, your fate cemented - eternal night in my "ignore".
Smiley
legendary
Activity: 1120
Merit: 1012
Sup with btc-e overdumping

That is their m.o.

BTC-e BTC/USD correlates better with BTC-e LTC/USD than it does with other bitcoin markets.
hero member
Activity: 812
Merit: 1000
Sup with btc-e overdumping
legendary
Activity: 1120
Merit: 1012
Now, on topic:

One would expect that a big "wall" - an offer to buy or sell 100 BTC or more, sitting in the order book - would be a barrier for the price, halting its fall or rise for a while.

But could it be that a big wall also attracts large transactions that "eat" it instantly?  

Yes, walls sometimes attract long term buyers or sellers who are interested in a slippage free exchange rate.
legendary
Activity: 1246
Merit: 1010
Campinas is sort of like like Finland in winter, without the winter. "Entertainment" is four shopping malls
Just because I wrote that... A foot-long lizard came into our living room, scared the hell out little doge doggy.  We shooed him out. (Doesn't seem to be a native species, may be some neighbor's escaped pet.)

But proves nothing, it surely could have happened in Finland too, with a reindeer or something.

theres always the awesome beaches of ubatuba just a few hrs away and some interesting mtns btw them if you hike... too bad you didnt post this 2 weeks ago I really would have appreciated exchanging some btc for brl...
hero member
Activity: 910
Merit: 1003
Now, on topic:

One would expect that a big "wall" - an offer to buy or sell 100 BTC or more, sitting in the order book - would be a barrier for the price, halting its fall or rise for a while.

But could it be that a big wall also attracts large transactions that "eat" it instantly?  

Suppose that the highest bid is at 900$ and there are only small bids all the way down to 700$, adding to 20 BTC.  

Someone who wants to sell 100 BTC at 800$ minimum will probably wait.  If he sells 10 BTC to the small bidders in the 800-900 range, the price will fall to 800$.  Some bidders will get scared and lower their bids even more, further away from his sell goal.

Now suppose someone puts up a bid for 150 BTC at 800$; then that seller would immediately sell his batch.

In this example, the existence of the big wall triggered a price drop that would have been delayed indefinitely without it.  Does this sort of thing happen in reality?  If so, is it common enough to negate the "protective" effect of big walls?




Jump to: