yeah it sad when on bittrex a sell price is placed a lot lower then the going rate lol to drive the price down its so obvious lol Helllo bittrex can you not see this lol and they say they want to help stop bots lmao right .
For the record, we never said we want to stop bots... bots are a natural progression of how trading works. A high percentage of trades on wallstreet happen in this manner:
"It is estimated that as of 2009, HFT accounted for 60-73% of all US equity trading volume, with that number falling to approximately 50% in 2012."
http://en.wikipedia.org/wiki/High-frequency_trading
[edited better data]
"Today, 90 to 95 percent of all quotes emanate from High Frequency machines…… This doesn’t imply share volumes just quotes traveling on the tape."
http://www.forbes.com/sites/richardfinger/2013/09/30/high-frequency-trading-is-it-a-dark-force-against-ordinary-human-traders-and-investors/
What we want to stop is bots placing min order sizes to hide the order books... Please do not confuse the two. The first is an artifact of trading. Bots will always be doing it to gain financial advantage. The second is there to just disrupt the orderbooks without actually filling.
Thanks,
richie@bittrex
There should not be such bots like yours in the first place.
The whole idea behind cryptocurrencies has been to avoid imitating traditional financial system of fiat monetary exchange and financial manipulations.
Bots at Wall Street - just, because something has been used at Wall Street and is taken for granted without questioning, doesn't make it right.
The whole idea of bots at Wall Street was designed to manipulate the prices and increase corporate and banking profits without any social and environmental concern. Wall Street, their bots and their socio/psychopathic investor/broker addicts have been the core reason of current financial crisis. Their psychopathic trade on derivates has build up debt amounting to hundreds of billions of dollars.
To imitate Wall Street is to imitate psychopaths with brain damage.
There was an interesting article about in Wall Street Journal (ironically) called:
"Lessons From The Brain-Damaged Investor"
http://online.wsj.com/articles/SB112190164023291519
or how Max Keiser explains it here, in this short video:
https://www.youtube.com/watch?v=gLDWpP4Dcsc
Yes just look at the price when bittrex stopped trading ltcd it went near 1979 sats then bittrex starts trading and bot crushes the price back down for some ones greed lol .There was a sell at 1000 sats when the high was at 1979 who on earth would sell for half the going price wtf. Its just sad though when a community and devs work so hard to get something done and promote the crypto then have some ones greed take over lol .Oh well keep up the great work team and community. It just shows how much people want this crypto gen 2.0
