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Topic: Junk Orders on GDAX? (Read 208 times)

member
Activity: 210
Merit: 10
November 13, 2017, 12:55:04 PM
#3
Hey guys,

I've been watching the order history on GDAX for the last few minutes and I've noticed a trend popup: There's a reoccuring buy order of 0.00000172 BTC which is roughly 0.0099 USD at the time of writing this.  Perhaps I'm still too green around the ears and don't understand it well enough, but are these just spam orders to fill up the network?  Or something completely normal and I'm just not in the know?



I think it's somone testing a trading bot. You don't want it to instantly spend all your money prior to excessive testing.

That makes sense.  Thank you
member
Activity: 392
Merit: 41
This text is irrelevant
November 13, 2017, 02:15:25 AM
#2
Hey guys,

I've been watching the order history on GDAX for the last few minutes and I've noticed a trend popup: There's a reoccuring buy order of 0.00000172 BTC which is roughly 0.0099 USD at the time of writing this.  Perhaps I'm still too green around the ears and don't understand it well enough, but are these just spam orders to fill up the network?  Or something completely normal and I'm just not in the know?



I think it's somone testing a trading bot. You don't want it to instantly spend all your money prior to excessive testing.
member
Activity: 210
Merit: 10
November 12, 2017, 05:50:34 PM
#1
Hey guys,

I've been watching the order history on GDAX for the last few minutes and I've noticed a trend popup: There's a reoccuring buy order of 0.00000172 BTC which is roughly 0.0099 USD at the time of writing this.  Perhaps I'm still too green around the ears and don't understand it well enough, but are these just spam orders to fill up the network?  Or something completely normal and I'm just not in the know?

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