Topic: Wall Observer - MtGoxUSD wall movement tracker - page 504. (Read 1811607 times)
The numbers here still have a certain fantastical property to them. If someone wants to put 100000 BTC on mtgox and sell them for $1 trillion each, that'll show up in that chart as 100000 BTC "for sale".
I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
This doesn't make sense. On the ask side they are selling BTC, on the bid side they are selling USD. Its perfectly natural and intuitive to denominate the amount of BTC that are up for sale in BTC and the amount of USD that are up for sale in USD.
Besides one could sell 1 BTC for 100.000.000 and completely invalidate the whole graph if it was USD on both sides.
That is why I would multiply by the actual BTC price as I did in my previous post....
For me, it would be much more informative to see 'the value' that is being offered to bid and 'the value' that is being offered to sell.
Given that the USD is still a lot less volatile than BTC, I would denominate this value in USD.
I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
This doesn't make sense. On the ask side they are selling BTC, on the bid side they are selling USD. Its perfectly natural and intuitive to denominate the amount of BTC that are up for sale in BTC and the amount of USD that are up for sale in USD.Exactly. If one would multiply the amount of $thing that is up for sale with some wishful thinking $price of the seller then all you get are meaningless phantasy numbers. If you instead just count the number of $thing that is up for sale without any price you always get the same exact amount of $thing that is actually currently available on this market, no matter how much its seller actually wants for it today.
I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
This doesn't make sense. On the ask side they are selling BTC, on the bid side they are selling USD. Its perfectly natural and intuitive to denominate the amount of BTC that are up for sale in BTC and the amount of USD that are up for sale in USD.
Besides one could sell 1 BTC for 100.000.000 and completely invalidate the whole graph if it was USD on both sides.
I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
This doesn't make sense. On the ask side they are selling BTC, on the bid side they are selling USD. Its perfectly natural and intuitive to denominate the amount of BTC that are up for sale in BTC and the amount of USD that are up for sale in USD.
Mr Bullz. Tear down this wall!
Some violin plots of the order book history would contain more information. I don't have the data or else I would try.
I'd like to see this plot.
Maybe this?: https://bitcointalksearch.org/topic/mtgox-usd-depth-historic-data-for-your-pleasure-88054
I know which costume I have to wear^^ At least on thing in my communication that made sense. 
I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
Yes, I second this.
At the moment it is 8.3 M bid and 5.1 M ask, but of course I don't have the historic data
Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.
Well, to me you're not really a real bear. You're like, a unicorn dressed in a bear outfit.
Actual self-portrait:
I didn't think anyone would ever notice.
rofl
We're going down!
Question is for how long. A month? One week? I don't care. To me the current situation is more enjoyable with fiat on Mount Gox.
Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.
Well, to me you're not really a real bear. You're like, a unicorn dressed in a bear outfit.
Actual self-portrait:
I didn't think anyone would ever notice.
We're in some real uncharted territory here, and it's a bit confusing.
One part of me wants to say that all these bids are just fuel for the next rocket, but why isn't that rocket moving at all yet?
I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
Yes, I second this.
I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.
I'm the same right now.
Of course once I make a purchase I'll want it to go up as high as possible.
Separate in your head what you want from what you actually think will happen. You may become a better trader. And you are a bull/bear based on your projections not your desires... you both sound like bulls to me. Bulls who are hoping for a little downward knife cut.
An experienced trader who knows how price usually moves would just put his bid at $30 and wait.
Yes, the guy who put the huge bid in at $30 probably knows his stuff so I just copied him and put my own in at around 31.
If you understand that little then I'd suggest staying out or just buying and holding then enjoying the entertainment of watching the action without sweating what to do and when and whether it was the right decision. That's what I'm doing
Says the guy with a huge bid at $30....
An experienced trader who knows how price usually moves would just put his bid at $30 and wait.
Yes, the guy who put the huge bid in at $30 probably knows his stuff so I just copied him and put my own in at around 31.
If you understand that little then I'd suggest staying out or just buying and holding then enjoying the entertainment of watching the action without sweating what to do and when and whether it was the right decision. That's what I'm doing
Im not saying it wont go up, it really could keep going up. But man, that weekly chart is scary...
As scary as when we hit $15
I repeat: just because things went up, does not mean things go down. Remember that or learn through losing.
I repeat: just because things went
Its simple to go on opposite thinking.
Just the simple fact that the BB line puts 0 as a possibility is scary... i dont know for you, but most people would freak out if they see that.
Actually you would think one would go to himself "my chart says bitcoin might collapse to zero, does that make any sense AT ALL?". Then he might have a moment where he realizes his charts are useless.
Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.
I'm the same right now.
Of course once I make a purchase I'll want it to go up as high as possible.
like this:
https://bitcointalksearch.org/topic/m.1595225
Uhh I don't know about the rest of the bears, but I want it to go lower so I can buy more.
Well, to me you're not really a real bear. You're like, a unicorn dressed in a bear outfit.
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