Replies to post #4398 on BTCS Inc (BTCS)

[jeffn]

you obviously don't.

[trading.jeff]

You can only see just the "best" bids and asks from each MM, not "ALL" the bids and asks.

When orders are placed, they are placed through many different market makers and other market participants. Level II will show you a ranked list of the best bid and ask prices from each of these participants

http://www.investopedia.com/articles/trading/06/level2quotes.asp

$TUCN

[purefreewater]

No. Is that like meditating and after a while you see who is selling and buying ?

Like yesterday, when the "LAST" was at Ask of 48,
then the Ask became 57 with the Bid rising (with no trades in between 48 and 57 )
and then when 57 got bought out in panic and we had the Bid on 59,
the PPS dropped down to 42, 41, and 43 for a few trades !!! ? on a LOW volume !

I meditated like crazy and still could not figure out what was that all about !

Perhaps if we could reach Level 3 or even 4 we could get a better understanding ..................

Like when the infamous NITE is showing 200K at 57
and there is only like a few MMs all the way to .01 , with only 10K each , for a TOTAL of 80K to 120k (?)
Then when 57 sells out and NITE leaves 57, and then they (NITE) show up on 58 with 2,000,000 to sell and we'r screwed again ?

is that what you mean ?

TIA