bid and ask depth of an exchange
Thank You!
So from the chart it means there are more people waiting to sell above the current price than there are people wanting to buy below the current price?
Is the chart Gox or another exchange ?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31241. (Read 26610853 times)
December 08, 2013, 07:44:03 PM
Thank You!
So from the chart it means there are more people waiting to sell above the current price than there are people wanting to buy below the current price?
Is the chart Gox or another exchange ?
December 08, 2013, 07:43:14 PM
Could someone explain in simpleton terms this type of chart please. I have seen it 100's of times but never understood it.
bid and ask depth of an exchange
Thank You!
So from the chart it means there are more people waiting to sell above the current price than there are people wanting to buy below the current price?
Is the chart Gox or another exchange ?
December 08, 2013, 07:41:25 PM
anyone just buy in the last hour over $800? If so, how are you feeling?
I bought one or two coins for 900+ last week, still feel good. whats there to worry about? I bought bitcoin in general cause I think its robust and undervalued.
I wonder how people who sold at 650-700 are feeling right now to be honest.
if those people buy now they have "lost" money just like you "lost" when you bought 900+ and not now, i'm not trying to be a smart ass, just telling numbers
December 08, 2013, 07:39:06 PM
Could someone explain in simpleton terms this type of chart please. I have seen it 100's of times but never understood it.
bid and ask depth of an exchange
December 08, 2013, 07:38:36 PM
Could someone explain in simpleton terms this type of chart please. I have seen it 100's of times but never understood it.
December 08, 2013, 07:36:54 PM
anyone just buy in the last hour over $800? If so, how are you feeling?
I bought one or two coins for 900+ last week, still feel good. whats there to worry about? I bought bitcoin in general cause I think its robust and undervalued.
I wonder how people who sold at 650-700 are feeling right now to be honest.
December 08, 2013, 07:35:29 PM
I'm pretty sure the trendline mentioned is the one formed with the lease squares method on the log chart over the longest period of available data, not the current parabolic uptrend. Hope that helps.
My point was, any trendline can only describe the past. Whether it can be extrapolated into the future in any meaningful sense is entirely speculative. (Ha ha.) If you were to draw the trend 10 years from now, using the same method, the portion of it corresponding to the market data we've seen up to now might or might not be close to the trendline as drawn now.
Bitcoin is not a conservative market. I'd be very surprised if it conformed to a trend estimated from a few years of data for very long.
Oh, yeah, I totally get what you are saying. Like my brother is fond of saying 'The chart is good until it isn't'. I guess I have more *faith*, while speculating, when I pair my tea leaves with analysis that also includes S-curve adoption. And, THAT trendline is quite stable... so far. By which I mean, not only do we have scads of data on S-Curves, but XRP is fitting the more horizontal portion nicely... so far.
And the steeper and higher the steep bit of the S-Curve goes, the bigger will be the necessity to zoom in on the chart as it shows today to see how far off we were in retrospect. As much respect as I have for rpietila I think his belief that the curve showing in these early days is a reasonable indicator of the future is misguided. If it becomes true it will either be luck or because enough people believe that will be the pattern that we collectively draw it as such with our trades!
December 08, 2013, 07:34:26 PM
I think what really happening is the exchange would prefer to let China ride the top for the next while
December 08, 2013, 07:31:27 PM
anyone just buy in the last hour over $800? If so, how are you feeling?
December 08, 2013, 07:30:22 PM
Who gives a shit about Ripple?
Why are we even discussing that in here?
Why are we even discussing that in here?
December 08, 2013, 07:29:19 PM
What is XRP? Is that what we are calling it lately?
No XBT anymore?
No XBT anymore?
Ripple I believe.
December 08, 2013, 07:28:39 PM
What is XRP? Is that what we are calling it lately?
No XBT anymore?
No XBT anymore?
December 08, 2013, 07:25:47 PM
I'm pretty sure the trendline mentioned is the one formed with the lease squares method on the log chart over the longest period of available data, not the current parabolic uptrend. Hope that helps.
My point was, any trendline can only describe the past. Whether it can be extrapolated into the future in any meaningful sense is entirely speculative. (Ha ha.) If you were to draw the trend 10 years from now, using the same method, the portion of it corresponding to the market data we've seen up to now might or might not be close to the trendline as drawn now.
Bitcoin is not a conservative market. I'd be very surprised if it conformed to a trend estimated from a few years of data for very long.
Oh, yeah, I totally get what you are saying. Like my brother is fond of saying 'The chart is good until it isn't'. I guess I have more *faith*, while speculating, when I pair my tea leaves with analysis that also includes S-curve adoption. And, THAT trendline is quite stable... so far. By which I mean, not only do we have scads of data on S-Curves, but
December 08, 2013, 07:24:55 PM
You guys are all arguing about the fib numbers...
High 1242
Low 212
L1 0.00% 1242.0
L2 38.20% 848.5
L3 50.00% 727.0
L4 61.80% 605.5
L5 76.40% 455.1
L6 100.00% 212.0
High 1242
Low 212
L1 0.00% 1242.0
L2 38.20% 848.5
L3 50.00% 727.0
L4 61.80% 605.5
L5 76.40% 455.1
L6 100.00% 212.0
December 08, 2013, 07:17:36 PM
buy now and put your coins in cold storage, in all previous bubbles, the only people who lost money were those who sold
You're preaching to the choir, bro.
That bit was for ibrahim11 . . .
December 08, 2013, 07:17:09 PM
when we bubble again, it will not drop anywhere near $800.
Yea, that's a little low, it shouldn't fall much past double the previous bubble's high.
buy now and put your coins in cold storage, in all previous bubbles, the only people who lost money were those who sold
You're preaching to the choir, bro.
oh wow... chills..
December 08, 2013, 07:08:44 PM
when we bubble again, it will not drop anywhere near $800.
Yea, that's a little low, it shouldn't fall much past double the previous bubble's high.
buy now and put your coins in cold storage, in all previous bubbles, the only people who lost money were those who sold
You're preaching to the choir, bro.
December 08, 2013, 07:08:37 PM
I'm pretty sure the trendline mentioned is the one formed with the lease squares method on the log chart over the longest period of available data, not the current parabolic uptrend. Hope that helps.
My point was, any trendline can only describe the past. Whether it can be extrapolated into the future in any meaningful sense is entirely speculative. (Ha ha.) If you were to draw the trend 10 years from now, using the same method, the portion of it corresponding to the market data we've seen up to now might or might not be close to the trendline as drawn now.
Bitcoin is not a conservative market. I'd be very surprised if it conformed to a trend estimated from a few years of data for very long.
December 08, 2013, 07:01:44 PM
December 08, 2013, 06:59:26 PM
why hello gox whale!
Jump to: