|Market Depth Snapshot @BitFloor|
The ticker shows bid at $8.62, but what if you need to sell 50BTC? You can't at this price. The bid size is only 2 bitcoins, so you will need to keep eating bids at lower price before you could actually sell. You will end up getting price down to $8.50 before you complete the trade.
This makes it important to know the market depth. Unfortunately, not all markets have depth data easily accessible. Many would only provide the raw order book data. In order to address this issue, I wrote a Bitcoin Market Info tool. It's not one of those complex android applications that take your breath away, but what do you want, it's free.
|Bitcoin Market Info tool QR code|
Download and enjoy real-time data on your market depth. Everybody's feedback is mostly appreciated.