... 7 sold at the bid
Does Ghost Trader ever sleep???
Hello,
I mostly just read the board so its been awhile since posting.
I have to say... yes please buy "ghost trader" a beer... and dump it all over its bot trading hardware.
I wondered if it was a bot. You think so?
totally. Just look at any low volume coin and watch the .001 to a few hundred unit trades... I have been trading glyph as an example daily for a while but now its totally ruled by nothing trades. Just look at the trade history. Put in an order and several nothing orders appear above mine ... bittrex, cryptsy and even mintpal have the same issue. Been noticing this patten on allcoin as well, but while they have a nice site, the liquidity is low.
Yes the trading pattern is very 'bottish' and the numbers are telling also. Looking roughly at the math here (back of the envelope stuff)
Most pools are doing well to keep a return rate of 0.001 BC / Mhz/Day hash return
At the current difficulty of 5-6 you get around 400 solar/Mhz/Day return.
Botting the SLR price down to 0.00000275 or so makes sense for someone wanting to mine without the big Mhz machines pushing the difficulty up.
Most of the larger players are using some form of automated price sensing software that changes coins on perceived mining value (diff/price). These systems are not sophisticated enough (or at least the ones I have looked at) to look at volume - they work on last traded price.
Hence forcing a sale, even to yourself, at a low price (but not too low to make it obvious) will keep the automatic switchers away from SLR.
If I am right then this is quite a clever tactic from someone mining with enough Mhz to make the sacrifice worth while. Casual observation of price v overall Mhz would tend to support this theory.
There are other trades that are just miners / pools clearing coins at day end. If I had the time I would use the Wallet API and track the sales. I would expect that all the roads lead to Rome....
T.
