The Litepresence Report on Cryptocurrency

[presence]

exactly right, presence
might have called a little premature thou...

seems right on time

 

[presence]

trading volume expressed in equal terms (CNY)

BTCCNY at okcoin:

LTCCNY at okcoin

In CNY terms; okcoin is trading litecoin just as hard as its trading bitcoin; the same is true at huobi.

The chinese are crazy for ltc!

 

[Suzu]

the small yellow triangle is the last price paid

I've got my strongest reading glasses on and cannot see a small yellow triangle.

BTW do those four-digit numbers indicate prices? If so, what kind of currency is it?

 

[presence]

I've got my strongest reading glasses on and cannot see a small yellow triangle.

BTW do those four-digit numbers indicate prices? If so, what kind of currency is it?

CNY; "offshore chinese yuan"

for current exchange rate to usd, divide by

https://www.google.com/#q=usdcny&gws_rd=ssl

 

[Suzu]

CNY; "offshore chinese yuan"

for current exchange rate to usd, divide by

https://www.google.com/#q=usdcny&gws_rd=ssl

The outcome, for me, of following your guidance here, is that Bitcoin is currently worth about $5.

 

[FSP-Rebel]

The outcome, for me, of following your guidance here, is that Bitcoin is currently worth about $5.

That's litecoin.

 

[FSP-Rebel]

As for bitcoin, next stop $630ish.

 

[presence]

The outcome, for me, of following your guidance here, is that Bitcoin is currently worth about $5.

lol

that's a litecoin chart; yes its trading for over $5 in china.

 

[bitman]

ah, BTC still at the same place
feels like china wants to do a small correction before a new launch, hmmm?

hard to evaluate who is stronger thou, coz of the fake chinese volume. how do u evaluate chinese volume, presence?
it definitely seems stronger than the USD denominated exchanges, but there are also the OKcoin futures, there is much volume there also, and it follows the chinese exchanges.

 

[presence]

hard to evaluate who is stronger thou, coz of the fake chinese volume. how do u evaluate chinese volume, presence?

Its hard to say... but I suspect, and academic literature alludes zero-fee and/or maker-taker policies 2X to 10X trading volume vs 0.1% to 0.2% flat fee exchanges.


here are a few articles of note; the colliard model is heavily cited

scholarly
http://pages.stern.nyu.edu/~jhasbrou/SternMicroMtg/SternMicroMtg2011/Accepted/liquidity_credits2.pdf
http://www.parisschoolofeconomics.eu/IMG/pdf/JobMarket-2paper-COLLIARD-PSE.pdf

.gov
https://www.sec.gov/spotlight/emsac/memo-maker-taker-fees-on-equities-exchanges.pdf

opinion
http://www.pionline.com/article/201...sec-for-limits-on-brokers-maker-taker-rebates

 

[presence]

This the LTCBTC orderbook at btce visualized as a

"Depth of Market Heatmap"
code open source at tradewave
https://discuss.tradewave.net/t/depth-of-market-live-contour-map/956/7

so here you're looking at yellow close line center and bands of asks and buys at 1%, 2%, 3%, 4%, and 5% from center; each with volume relative to the total book expressed as width approaching center.

superimposed on the center is the ((highest bid+lowest ask)/2) +/- current relative 1h volume


this is an alternative plotting method; where instead of set percentages from center you're looking at steps of orderbook pressure equal to 1/10th of the total book.:

 

[FSP-Rebel]

Looks like the stop losses got triggered in the order books and became self-fulfilling. Wonder if the Coinbase critters dumped to scoop up these cheaper coins or aren't happy w/ the recent protocol 'agreement'.

 

[fatjohn]

Testing the bottom of the trading range today. If it breaks 3750 to the downside the bull is dead.

The monkey has spoken.

 

[kfarnan]

Looks like the stop losses got triggered in the order books and became self-fulfilling. Wonder if the Coinbase critters dumped to scoop up these cheaper coins or aren't happy w/ the recent protocol 'agreement'.

Who's recent protocol agreement?

 

[FSP-Rebel]

Who's recent protocol agreement?

The compromise that was reached at the recent Hong Kong conference between the different factions.

 

[kfarnan]

The compromise that was reached at the recent Hong Kong conference between the different factions.

Who were the factions. Seems the miners should have the final word. There would be no btc network without the miners.

 

[bitman]

Its hard to say... but I suspect, and academic literature alludes zero-fee and/or maker-taker policies 2X to 10X trading volume vs 0.1% to 0.2% flat fee exchanges.


here are a few articles of note; the colliard model is heavily cited

scholarly
http://pages.stern.nyu.edu/~jhasbrou/SternMicroMtg/SternMicroMtg2011/Accepted/liquidity_credits2.pdf
http://www.parisschoolofeconomics.eu/IMG/pdf/JobMarket-2paper-COLLIARD-PSE.pdf

.gov
https://www.sec.gov/spotlight/emsac/memo-maker-taker-fees-on-equities-exchanges.pdf

opinion
http://www.pionline.com/article/201...sec-for-limits-on-brokers-maker-taker-rebates

around 8x ± 2x seems about right, china has more volume than all the $ exchanges combined for sure. dont know about futures thou, at the moment i have a feeling they dont have much will of their own and follow china. tnx for the literature, but its way over my head at the moment

 

[bullhammer]

lol

so we were between those two white lines all day (the day's channel); then price "popped" outside of the lines to the up side (bulled)

Hey LP! glad to see people in here again! And glad to see you helping people along. What do you think about ETH? a lot of people in BTC-e sour on it? looks like the AG AND AU Bull train is about to leave the station !!!

 

[muh_roads]

Who were the factions. Seems the miners should have the final word. There would be no btc network without the miners.

I think he means between Core and Classic. FSP, got more info?

 

[FSP-Rebel]