Author

Topic: Bitstamp should be wary of the 0.01 Trades (Read 593 times)

member
Activity: 72
Merit: 10
November 05, 2013, 12:42:10 AM
#4
I've been noticing a large number of "0.01" sells on Bitstamp, which reminds me of the Gox lag days when people gummed up the system and gave the impression of collapse by jamming the system with tiny sell orders. It would be nice to see/know if Bitstamp is being proactive about this in advance.

why dont Bitstamp stop 0.01 Trades.
legendary
Activity: 896
Merit: 1000
November 04, 2013, 07:18:51 PM
#3
I've been noticing a large number of "0.01" sells on Bitstamp, which reminds me of the Gox lag days when people gummed up the system and gave the impression of collapse by jamming the system with tiny sell orders. It would be nice to see/know if Bitstamp is being proactive about this in advance.

Nonsense. The only people dumb enough to fall for this trick are those complaining about it.
member
Activity: 90
Merit: 10
November 04, 2013, 07:05:28 PM
#2
Well that sounds like good advice... seeing as they seem to be down right now they probably should have heeded it.  Unless it's just down for me. Smiley

edit: nm, working again
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
November 04, 2013, 11:12:28 AM
#1
I've been noticing a large number of "0.01" sells on Bitstamp, which reminds me of the Gox lag days when people gummed up the system and gave the impression of collapse by jamming the system with tiny sell orders. It would be nice to see/know if Bitstamp is being proactive about this in advance.
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