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The thing I find interesting is how thin the order book is: https://www.bitstamp.net/market/order_book/ https://www.bitstamp.net/market/order_book/ It shows th
by vijayboyapati 12y ago
The thing I find interesting is how thin the order book is:
https://www.bitstamp.net/market/order_book/ https://www.bitstamp.net/market/order_book/
It shows that you don't need to sell a particularly large block of btc to substantially move the price in either direction. If one big buyer jumped into the market it could easily move the price $50+. This shows that bitcoin is still immature and in its infancy. The more the liquidity of bitcoin grows, the less this kind of volatility will plague the market.
- paulgb 12y agoCouldn't there be automated traders waiting to jump in if the price changes, rather than having orders on the books? (I know they exist, I just don't know whether they would appear in the order book)
- jcfrei 12y agoAt the current levels of volatility it's probably not a good idea to keep a lot of open orders - unless you can watch the markets 24/7. Automated traders would likely wait for a significant price change and then execute a market order or just place an order on very short notice.