This is a rare occasion for us to publicly discuss such matters, but it seems like someone is purposefully trying to lower prices of ISR on bittrex. We just thought everyone should be aware. And that person should be aware that we are seeing what he is doing.
I trade ISR and there are at least 2 bots that I can tell running on bittrex and has been since the last big low. The bot waits until someone buys then automatically dumps into himself pushing the price lower in hopes that the buyer will dump and because of all the p&d scams.
The bot places one point above or below your orders until they are no longer within a profit range for the bots last trades. Pretty crappy because there are not a lot of trades yet so it pretty much always wins because people come and go.
Cant tell you if it's purposefully keeping the price low or just the results of low traders vs greedy bot runners who probably don't know how to trade anyways. You can see the bot put up one position away even before you have time to see your own order refresh.
I think issues like these and also server lag plus little nuances in the code really put bittrex off for me, hope it ISR gets added to a larger exchange soon.
I think I've also noticed what you're talking about. The bids are constantly being put in at the same time interval and even though there is low/no volume...
yea, low volume plus the bots running 24/7, it can wait for some people to come up and make a buy then scam them while nobody else is around.
Oh also if you look at the Market history, he will buy up and sell to people who panic and buy/sell at a really good price within his range. It is so fast that sometimes they don't even have a chance to show up on my screen. The bot see's the trade happen and lightning fast buys it.
Kinda like HFT, I think it can trade fast but does not have the ability to frontload, so it's definately a bot that can see the trade orders but not directly frontloaded by bittrex.
