Bitcoin Sign up or log in to customize your list._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote down vote favorite 7 On the bitcointalk forums I hear a lot of talk about "bid walls".I have never heard of these in other types of financial markets.It seems that people use them as a way to support the price of a bitcoin.I think i read the forums too much that I have become confused.From what I understand.If someone makes a limit buy below the current market price then that puts it on the bid side of the order book.This will show there is demand for bitcoins.If there is no changes to the supply of bitcoins then the market price will increase.If someone were to put a limit sell order on bitcoins above the current market price, this would add supply of bitcoins to the market.If there are no other changes in demand then the price will decrease.Correct me if I am wrong, but what I read on the bitcoin forums seem to say that if someone puts a limit buy order up large enough then that will keep the price from increasing because there is not enough supply to overcome that "wall".

Also the converse is said often.That someone puts up a large sell order that supports a higher price since there is not enough demand to take that supply. are writing on bid walls?exchanges speculation up vote down vote Traders often view the market depth using real-time graphical tools like btccharts or mtgoxlive.joey bitcoinThese display the bids and asks as sloping lines moving up and away from the current price.bitcoin pool apiWhen there is a large bid or large ask, the sloping line goes vertical, resembling a wall.bitcoin faucet direct payment, we can see a bid wall at $3.90, where someone is offering to buy 10,000 bitcoins for $3.90 each: I think you must be misunderstanding the Bitcoin forums.bitcoin kym

People use all kinds of strategies when trading on the Bitcoin markets.One such strategy (known as spoofing) is for a trader to put up a large bid wall, making it look like there's a huge demand, with the sole intention of driving the price up by tricking other speculators into buying.ethereum asic minerOnce the price has risen, the trader cancels his large bid wall and sells his bitcoins at an artificially inflated price.asrock bitcoin proIf the price starts to fall instead of rise, the bid walls will often be taken down before they are sold into, indicating that perhaps they were never genuine offers to buy in the first place.bitcoin pos terminalIt's often said that the presence of walls in the orderbook don't really give a clear indication of future price movements in either direction, since they are so easy to create if you have deep enough pockets.bitcoin atm in italy

Edit: I just noticed this forum thread in which people are discussing "the wall at 3.9".That's the one I took the photo of!:) Your Answer Sign up or log in Sign up using Google Sign up using Email and Password Post as a guest Name Email discard By posting your answer, you agree to the privacy policy and terms of service.bitcoin nasıl işlerBrowse other questions tagged exchanges speculation or ask your own question.TOKYO—A joint venture between a Chinese and an American company plans to launch a new bitcoin exchange in Japan by August, attempting to fill the void left by the collapse of Mt.Gox, once the world's largest trading platform for the cryptocurrency.BitOcean, a Beijing-based bitcoin automated teller machine maker, will team up with Atlas ATS, a New York-based exchange-platform provider that has worked for large Wall Street financial... Most Popular Videos Film Clip: 'The Big Sick' Lower Your Wireless Bill With These Tips 'Bridge Crew': Voice Command Comes to 'Star Trek' VR Videogame A New Road to Income: Barron's Buzz Opinion Journal: Macron vs.

_ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 9 down vote favorite 8 I understand the idea behind 'bid walls', but on Kraken, prices are being kept low through the use of 'sell walls'.The volume on this exchange is too low to have a chance of getting through these walls, even when prices on other exchanges are skyrocketing.Every so often, when the price falls a bit, up comes a new 'buy wall' keeping it there.The price on Kraken falls when other markets fall, but gets stopped at the wall on the way back up.I am curious to know what the strategy behind this tactic could be.Added 21 Nov for elucidation On this small volume exchange, a 30 BTC ask equals 10% of the 24hr.It is the equivalent of a 4500 BTC ask on Bitstamp.It alters the way bidders approach the market.When you see such a wall sitting just above the current price, you can be sure the price will not be rising beyond it for at least the next few hours.

I watched this person re-position this block four times over the course of the day.Each time, lowering it to sit just above the current bid price.It was altering the dynamics of this small volume exchange.I am not asking for you to read anyone’s mind.I was baffled by this behavior.I had not seen this strategy before.I thought that there must be some method to this madness, but I could not see what I might be.I thought that somewhere in the collective experiences of Stack Exchange there might be someone who was familiar with this strategy and might be able to provide some insight, not necessarily on this person’s behavior, but on the theory behind the strategy being employed.Assuming, of course, that there is one.exchanges buy-bitcoins sell-bitcoins up vote 8 down vote A large investor might be trying to move the market.Sell walls create an impression of a strong supply.This makes some people, unwilling to wait for the wall to break down, pitch their sales offers below the wall.

By moving the wall closer to the current bid again, a large investor might be able to move the market to a small extent and then buy at a lower price.The investor's goal is to move the market, not to actually sell his supply at that price, so when the price gets too close, such walls often disappear or move to a higher price.Especially, if you see the same amount popping up at different prices, there is probably someone trying to move the market without actually fulfilling orders or bids.Another type of sell wall is composed of many combined sales offers at certain landmark prices, e.g.These usually don't move around.up vote 0 down vote Sell walls are whales trying to suppress the price of a currency, usually in order to buy up more of it themselves.up vote down vote The point of sell walls is to encourage people who are in need or urge to sell their coins at a lower price,thus keeping or moving the market in the direction needed by the owner or owners of the stack.