Chinese bots at work!
http://bitcoinpricelive.com/chinese-bitcoins-crash-market/
https://bitcointalksearch.org/topic/fake-chinese-bitcoins-crash-bitcoin-market-812315
Topic: Do Trading bots control the market (Read 3797 times)
I find it hard to trade without them at the moment.
Bots can lose big money if the owner doesn't know how to use also, as a bot user I've only seen at best 5-10% profit over a month. So in reality, Bots provide volume growth and stabilization more then anything.
I know this is a newbie account but I've been a long time BCT reader.
I know this is a newbie account but I've been a long time BCT reader.
a 5-10% profit over a month is a 60-120% profit a year!!!
Which is complete bullshit btw... People throw %'s out there when they can't do 5 - 4
Bots can lose big money if the owner doesn't know how to use also, as a bot user I've only seen at best 5-10% profit over a month. So in reality, Bots provide volume growth and stabilization more then anything.
I know this is a newbie account but I've been a long time BCT reader.
I know this is a newbie account but I've been a long time BCT reader.
a 5-10% profit over a month is a 60-120% profit a year!!!
Bots can lose big money if the owner doesn't know how to use also, as a bot user I've only seen at best 5-10% profit over a month. So in reality, Bots provide volume growth and stabilization more then anything.
I know this is a newbie account but I've been a long time BCT reader.
I know this is a newbie account but I've been a long time BCT reader.
Bot or not, money is what controls the btc markets. Forget about alt coins man, If you guys don't keep it together for bitcoin, nothing will make it
Trading bots are in the altcoins market now.
They always put up buy and sell walls to manipulate the market for small swings.
They always put up buy and sell walls to manipulate the market for small swings.
well, I think majority of all trading is automated by using bots. Same with BTC trading, except the markets are thinner and insider trading and pump and dump schemes are par for the course.
It's not the bots in and of themselves that control the market, but rather the volume of money being traded. Bots are just the next logical step since trading manually is very tedious and prone to error
Trading bots are in the altcoins market now.
They always put up buy and sell walls to manipulate the market for small swings.
They always put up buy and sell walls to manipulate the market for small swings.
well, I think majority of all trading is automated by using bots. Same with BTC trading, except the markets are thinner and insider trading and pump and dump schemes are par for the course.
Trading bots are in the altcoins market now.
They always put up buy and sell walls to manipulate the market for small swings.
They always put up buy and sell walls to manipulate the market for small swings.
Alt coin exchanges are riddled with them now
I think sooner or later the bots will control the market. Even at stock exchanges they mostly use high speed trading bots these days.
+1
I think sooner or later the bots will control the market. Even at stock exchanges they mostly use high speed trading bots these days.
well we all know in forex trading bots control the market.
in BTC it's no clear enough (not enough samples), so all we know is just speculation
in BTC it's no clear enough (not enough samples), so all we know is just speculation
G-BOT does a massive mechanical scalping/hedging action
A customer of mine considers the trading bots to be ultimately in control of the market able to manipulate the market up or down, even to zero. Any insight I could pass on ?
this would only be possible if the bots had access to an unlimited amount of funds and we only know of one group with this
A customer of mine considers the trading bots to be ultimately in control of the market able to manipulate the market up or down, even to zero. Any insight I could pass on ?
Yes, indeed
Money & Speed: Inside the Black Box is a true thriller that takes us to the heart of our automated financial world. On the basis of interviews with people directly involved and data visualizations to the millisecond, a reconstruction of the fastest and deepest drop in U.S. stock markets ever.
http://www.youtube.com/watch?v=H4BzsevJthw
bots have minimal control over a smart trader
Any relationship here to S3052's newsletter?
(deliberately vague question, open for your interpretation)
(deliberately vague question, open for your interpretation)
Cheers Luno, big traders not advertising there bid or asks , do you mean they just buy or sell at the market price? Anyway need to do my own reaserch I haven't got trader blood running through my veins 
Hi, I have no idea if there any ex pro traders here, It could be nice with some tips.
The big traders don't show their intent by having big orders on the book. So big walls are almost always fake.
They have their target price and buy small chunks below a certain price. When they got enough coins they put up a buy wall to drive the price up ad as the price rise, they put up a new wall at a higher price.
When they gained enough, they start selling, not in one big dump but little amounts not to scare anyone.
In the end they either dump a lot to drop the price down to their buy order exactly, or they put up sell walls to drive price down.
The buy orders value here down to $11.75 is 80.000BTC but I'm pretty sure that 20.000 of them are fake.
So the big trader uses bots to manage his simulated walls and moving them around to make it look like there are nervous buyers or sellers, by moving orders closer to the current price. The instant he chooses to "break out" of a price range his fake orders are cancelled instantly and the small traders left get wiped.
I figured that at least a few of those mtgox bots are down to the .25% commission rate. so if the price is at $17, you only need a 9 cent swing to make a profit, eh? quite often the bid & ask are more than 10c apart.. might not be as easy now as it was when it was at $6-8 all summer
right now someone is selling 0.01 whenever it goes up. why would you do that unless you intended to buy? afaik, there is still no way to short bitcoins
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