Any chance that the bots place these low bids (e.g. .0123, .01, etc.) to gather market data? Almost like a bat using echolocation.
I believe that is at least part of why they do it.
Topic: del (Read 2975 times)
I have no problem with this, but the exchange has it's own operationg costs, and every transaction requires processing power, db space, bandwidth...
It sounds reasonable to set a minimum fee amount. But as I said, it is not my problem.
It sounds reasonable to set a minimum fee amount. But as I said, it is not my problem.
There already is a 0.01 minimum, with the exception of leftovers from a partial fill, which can be as small as 1 satoshi. They make enough money to beef up their infrastructure enough to handle a few thousand socket users.
I have no problem with this, but the exchange has it's own operationg costs, and every transaction requires processing power, db space, bandwidth...
It sounds reasonable to set a minimum fee amount. But as I said, it is not my problem.
It sounds reasonable to set a minimum fee amount. But as I said, it is not my problem.
I am not experienced at all... but seems to me that all their costs should be covered in their fees.
Just set a minimum fee, like every stock exchange in the world. So you can do very small trades but it will cost you.
... is this really an insurmountable problem? Mtgox just needs to fix their shit to allow this kind of trading times 1000.
Bots
Y U no trade 0.067. Or 7.513. Or 15.
Y U no trade 0.067. Or 7.513. Or 15.
3 0.01 transaction per second this is interesting
It's not consistent though.... Still, bot is very hungry.
The 0.0123 btc trader makes for some pretty graphs. He grappled with my bid and took dozens of bites out of it. Maybe the bot owner's goal is to generate thousands of trades, pulling the bids and asks into a tighter spread and then attacking the dumb market by suddenly buying or selling thousands of bitcoins. It appears to be working again. I predict another wild swing in the next few hours.
┬──┬ ノ( ゜-゜ノ)
that's better...no need for violence now :]
I wish I were creative enough to draw
with special characters
with special characters
i like the guy with the 0.0123 bot
Haters gonna hate. Apparently even bitcoiners hate free markets.
I agree that 0.01 is too small of a tick. I'm not sure what the tick size should be, but I'm going to guess 0.05.
Somebody's listening.
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