Topic: Automated trades (Read 640 times)
interesting.
Just noticed what looks like automated buying and selling:
The bot is buying 0.01 every transaction
Surely this would just lead to being eaten away by the commission...
unless...
the bot is run by mtgox = no commission
or perhaps
it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission.
The bot is buying 0.01 every transaction
Surely this would just lead to being eaten away by the commission...
unless...
the bot is run by mtgox = no commission
or perhaps
it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission.
ZOMG! Conspiracy!
Oh, wait. 5.01901 * 1.0025 * 1.0025 = 5.044136, and these were at 5.04643, for a miniscule profit, after fees.
Hmmm
looks like the amount is dropping over time
at this rate it will be at 0 by about 13:33
http://s2.postimage.org/rjd9ef0ry/trades.png
looks like the amount is dropping over time
at this rate it will be at 0 by about 13:33
http://s2.postimage.org/rjd9ef0ry/trades.png
Just noticed what looks like automated buying and selling:
http://s4.postimage.org/5ykk1dlad/algo2.png
The bot is buying 0.01 every transaction
Surely this would just lead to being eaten away by the commission...
unless...
the bot is run by mtgox = no commission
or perhaps
it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission.
http://s4.postimage.org/5ykk1dlad/algo2.png
The bot is buying 0.01 every transaction
Surely this would just lead to being eaten away by the commission...
unless...
the bot is run by mtgox = no commission
or perhaps
it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission.
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