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Topic: Beware of Bots - page 2. (Read 392 times)

sr. member
Activity: 1092
Merit: 250
October 26, 2018, 05:59:40 PM
#5
to stop the bots is easy for exchange just disable the API Keys features,,
because most of bots is use API keys
but, in my opinion exchange will not do that,
because bots help to increase their trading volume too  Wink
sr. member
Activity: 798
Merit: 281
October 26, 2018, 05:47:51 PM
#4
These bots are everywhere on the exchanges, although i think there are less on decentralised exchanges. Binance is full of bots which makes it difficult to trade there, only thing good about it is the high volumes.
full member
Activity: 486
Merit: 100
October 26, 2018, 10:58:59 AM
#3
It's really difficult to stop trading bot. If today you can update your exchange to stop trading bot on your exchange, tomorrow new bots will be available and you'll have to update your exchange again. LOL. It's really really difficult and all crypto exchanges are still finding out the way to disqualified trading bot.
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
October 26, 2018, 10:23:38 AM
#2
Skilled exchange traders learned to use the programs facilitating trading process long ago. It can be as semi-automatic trade advisers and completely automatic bots.

These programs trace the price chart of an asset and find an optimum point for an entrance to the market. Completely automated soft does not assume intervention of the trader in process of the auction.

The strategy of bots in the crypto foreign exchange market, as a rule, comes down to the creation of "false" warrants. Warrants are formed with one purpose to provide the illusion around a digital asset. Thus, manipulate the price in the necessary direction, deceiving other investors. Fake warrants at the right time are simply canceled.

‼Bots in the market of cryptocurrencies is a serious problem. Owners of the crypto exchanges need to think seriously of maintaining own reputation and to introduce internal rules and restrictions.
It looks so difficult consider about even some exchange sites have used the bot to create fake orders, I have seen some people have proven it so many times. Remember the exchange site just like exrate, yobit and more shitty exchange sites are using bot to create fake orders.
member
Activity: 416
Merit: 21
October 26, 2018, 09:05:52 AM
#1
 Skilled exchange traders learned to use the programs facilitating trading process long ago. It can be as semi-automatic trade advisers and completely automatic bots.

These programs trace the price chart of an asset and find an optimum point for an entrance to the market. Completely automated soft does not assume intervention of the trader in process of the auction.

The strategy of bots in the crypto foreign exchange market, as a rule, comes down to the creation of "false" warrants. Warrants are formed with one purpose to provide the illusion around a digital asset. Thus, manipulate the price in the necessary direction, deceiving other investors. Fake warrants at the right time are simply canceled.

Bots in the market of cryptocurrencies is a serious problem. Owners of the crypto exchanges need to think seriously of maintaining own reputation and to introduce internal rules and restrictions.
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