It's interesting how after buying everything up to $110 and selling everything down to $101 that the bids and asks filled the middle in again so quickly at a variety of prices, creating a market depth profile that looked like nothing had just happened.
I was thinking that same thing. Who's providing the stability?
Like many others, I'm placing bids and asks to try and take advantage of the situation to make a few bucks. The depth is probably a result of everyone doing the same thing.
How? With this lag?
There isnt any lag? And its mostly irrelevant at a time like this. Place a bid somewhere pretty low, depending on how risky you are, behind 500-5k of bids... then place asks 500-5k behind the other asks.
If you did this throughout this situation, you'd have made a killing. All it relies on is that the market acts extraordinarily stupid, so this wont usually work, and you wont be able to tell it would have until after the fact.
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Imagine what people are going to think when they wake up and check the charts.. see no volume followed by 50k... and no significant change in price. I know if I were that person, I'd squint, check bitcoinium, clarkmoody, etc... and then of course, check the wall thread to see live reactions.