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RE: World's largest crypto exchange will now let you buy Bitcoin with Credit Cards!

in #crypto6 years ago

Buy and Sell walls can be so misleading I rarely even pay attention to them, though I admit sometimes they make for profitable trading. There is so much spoofing and pulling of orders before they are filled it's tough to tell what is real and what is not, ya know?

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I tend to lean on that nothing is "real", it's just matter of traders creating panic effect that depends on whether other traders think the value can continue going on in same direction or if it will reverse the direction. If they think it will reverse, they will pile up at sightly earlier rate.

There will always be small and big walls, it only depends on if there is trader willing to gamble and take a risk eating through the wall and still getting profit.