Post
Topic
Board Speculation
Re: The Historical Depth Blog -- updates once a day
by
JohnOliver
on 18/12/2011, 21:53:56 UTC
Depth charts would be an interesting information to have, but I think that people give too much importance to walls and standing orders. Anyone can make an order. I can easily write a bot to put random orders up there and I won't lose a cent. Market depth by itself is not an accurate measure of the buy/sell strength.

You would, of course, have to have funds deposited in the exchange though, correct? That in itself is interesting information to have, although I wouldn't give it too much importance either.
standing orders can be bought/sold into...  that makes a difference

Key word there being "can". Bot-controlled walls can disappear or shift in terms of milliseconds, so they are extremely misleading. Especially when you consider that you're relying on misinformation that someone is purposely feeding you.