Author

Topic: More bot bids...to simulate interest. (Read 1034 times)

member
Activity: 70
Merit: 10
April 11, 2013, 10:17:35 AM
#5
Gox Twitter: "Trading is suspended until 2013-04-12 02:00am UTC for market cooldown. Once back trading will be also faster."

IMO They halted this because we were about to go below key psychological level on the chart......yesterday's low.
member
Activity: 70
Merit: 10
April 11, 2013, 09:40:55 AM
#4
The bots most likely impose some sort of price movement friction while being agnostic to market state, so they buy at that point.

It doesn't tell anything. Why do a magic conspiracy when there's money to be made without even caring why the market is as nutty as it is? Maniacs drive price around, bots take their share. It's just how it works.

What is annoying is that those tiny orders are allowed and drive up the lag. If Gox took a little bit off their high fees and imposed a 1$ trade fee in turn, there would be a lot less noise.

No magical conspiracy; they appear at key support levels because if those supports break -- yesterday happens. Someone or something with a vested interest to keep this up places these bot bids at key support levels to maintain the chart. People don't realize how close we've come to having a major sell-off over the past few weeks. We are always a support level away.
member
Activity: 70
Merit: 10
April 11, 2013, 09:24:14 AM
#3
The bots most likely impose some sort of price movement friction while being agnostic to market state, so they buy at that point.

It doesn't tell anything. Why do a magic conspiracy when there's money to be made without even caring why the market is as nutty as it is? Maniacs drive price around, bots take their share. It's just how it works.

What is annoying is that those tiny orders are allowed and drive up the lag. If Gox took a few % off their high fees and imposed a 1$ flat trade fee instead, there would be a lot less noise.

In real-time they would have no effect whatsoever. The reason they work is because of the lag.....in slow motion, they inflate the bid/ask. This affects the way people trade because, during a lag, the bid/ask keep shooting up well above the stream of sells, simulating a bounce. In real-time, the bids would be crushed. But in slow motion it helps stem the psychology of the panic because the inflated bid/ask stick for quite some time, giving everyone ample time to see it..
legendary
Activity: 1036
Merit: 1002
April 11, 2013, 09:21:03 AM
#2
The bots most likely impose some sort of price movement friction while being agnostic to market state, so they buy at that point.

It doesn't tell anything. Why do a magic conspiracy when there's money to be made without even caring why the market is as nutty as it is? Maniacs drive price around, bots take their share. It's just how it works.

What is annoying is that those tiny orders are allowed and drive up the lag. If Gox took a little bit off their high fees and imposed a 1$ trade fee in turn, there would be a lot less noise.
member
Activity: 70
Merit: 10
April 11, 2013, 09:08:13 AM
#1
To simulate interest....look at all these 0.02 bids. If we drop to these levels and lag, they will support the bid/ask.

EDIT: Always at key support levels.....we have a lag, then these bot bids appear. Bid/ask shoot up to the level of these tiny bids even though the stream of sells is much much lower. The slow motion of the lag make these bid/ask jumps much more pronounced, stemming the psychology of the sell-off. This is why we always jump back up so quickly after a minor sell-off (bizarre how bid/ask jump based on tiny 0.02 bids in spite of large 100s or 1000s of coin dumps). It's happened during the past 4 minor sell-offs and yesterday, although the selling was too strong for it to work yesterday.

https://bitcointalksearch.org/topic/doing-all-they-can-to-hold-it-above-200-172540
https://i.imgur.com/umRmL7b.png
https://bitcointalksearch.org/topic/gox-bizarrity-170483

In real-time they would have no effect whatsoever. The reason they work is because of the lag.....in slow motion, they inflate the bid/ask. This affects the way people trade because, during a lag, the bid/ask keep shooting up well above the stream of sells, simulating a bounce. In real-time, the bids would be crushed. But in slow motion it helps stem the psychology of the panic because the inflated bid/ask stick for quite some time, giving everyone ample time to see it.


390.8   0.0200   111.98500
390.8   0.0200   111.94500
390.8   0.0200   111.90500

391.9   1.0926   111.90000
391.9   0.0200   111.86500
391.9   0.0200   111.82500
392.0   0.0200   111.78500
392.0   0.0200   111.74500
392.0   0.0200   111.70500
392.0   0.0200   111.66500

393.6   1.5498   111.63000
393.6   0.0200   111.62500
393.6   0.0200   111.58500
393.6   0.0200   111.54500
393.6   0.0200   111.50500

394.7   1.0500   111.50000
394.7   0.0200   111.46500
394.7   0.0200   111.42500
394.8   0.0200   111.38500
394.8   0.0200   111.34500
394.8   0.0200   111.30500
394.8   0.0200   111.26500

395.8   1.0000   111.23000
395.8   0.0200   111.22500
440.3   44.4567   111.21000
443.3   3.0000   111.20000
444.3   1.0000   111.19000
444.3   0.0200   111.18500
444.3   0.0200   111.14500

445.2   0.8345   111.12000
447.5   2.3512   111.11111
448.6   1.1000   111.11100
683.6   234.9418   111.11000
683.6   0.0200   111.10500
690.6   7.0000   111.10000
691.6   1.0000   111.09121
691.6   0.0200   111.06500
707.2   15.5658   111.04851
707.2   0.0200   111.02500
710.0   2.8000   111.02151
720.0   10.0000   111.02000
1135.4   415.4003   111.00000
1135.4   0.0200   110.98500
1135.4   0.0200   110.94500
1135.4   0.0200   110.90500
1135.5   0.0200   110.86500
1135.5   0.0200   110.82500
1135.5   0.0200   110.78500
1135.5   0.0200   110.74500
1135.5   0.0200   110.70500

1137.6   2.0200   110.70000
1137.6   0.0200   110.66500
1137.8   0.2500   110.62501
1137.9   0.0200   110.62500
1137.9   0.0200   110.58500
1137.9   0.0200   110.54500

1138.9   1.0000   110.51000
1138.9   0.0200   110.50500
1141.7   2.7548   110.50009
1143.0   1.3165   110.50000
1155.6   12.6087   110.47294
1155.6   0.0200   110.46500
1155.6   0.0200   110.42500
1155.7   0.0200   110.38500
1155.7   0.0200   110.34500

1205.7   50.0000   110.33000
1205.7   0.0200   110.30500
1210.7   5.0000   110.30000
1210.7   0.0200   110.26500
1210.9   0.2268   110.25000
1211.0   0.0200   110.22500
1215.0   4.0000   110.21110
2394.6   1179.6730   110.20003
3252.7   858.0232   110.20002
4252.7   1000.0000   110.20000
4252.7   0.0200   110.18500
4253.5   0.8366   110.15000
4253.5   0.0200   110.14500
4263.5   10.0000   110.13272
4263.6   0.0200   110.10500
4363.6   100.0000   110.10000
4373.1   9.5367   110.09000
4373.1   0.0200   110.06500
4374.1   1.0000   110.06325
4374.2   0.1371   110.03177
4374.3   0.0200   110.02500
4379.3   5.0000   110.02000
4382.1   2.8000   110.01251
5425.8   1043.7740   110.01000
5425.9   0.1000   110.00230
5525.9   100.0000   110.00100
7092.4   1566.5042   110.00000
7092.5   0.0200   109.98500
7092.5   0.0200   109.94500
7092.5   0.0200   109.90500

7093.8   1.2500   109.89998
7128.8   35.0000   109.87600
7128.8   0.0200   109.86500
7128.8   0.0200   109.82500

7165.2   36.4246   109.81600
7165.2   0.0200   109.78500
7165.3   0.0200   109.74500
7165.3   0.0200   109.70500
7165.3   0.0200   109.66500
7165.3   0.0200   109.62500
7165.3   0.0200   109.58500
7165.4   0.0200   109.54500
7165.4   0.0200   109.50500

7166.4   1.0500   109.50000
7166.5   0.0200   109.46500
7166.5   0.0200   109.42500
7166.5   0.0200   109.38500
7166.5   0.0200   109.34500
7166.5   0.0200   109.30500
7166.6   0.0200   109.26500
7166.6   0.0200   109.22500
7166.6   0.0200   109.18500
7166.6   0.0200   109.14500

7166.9   0.3000   109.14000
7168.9   1.9500   109.11900
7168.9   0.0200   109.10500
7171.1   2.2100   109.09440
7171.1   0.0200   109.06500
7171.1   0.0100   109.02884
7171.1   0.0200   109.02500
7276.6   105.4127   109.00000
7280.6   4.0300   108.99000
7280.9   0.3080   108.81766
7297.3   16.4454   108.56147
7445.6   148.2702   108.51805
7450.5   4.8930   108.51200
7451.6   1.0500   108.50000
7451.6   0.0200   108.46500
7451.6   0.0200   108.42500
7451.6   0.0200   108.38500
7451.6   0.0200   108.34500
7451.7   0.0200   108.30500

7461.7   10.0000   108.29508
7462.7   1.0000   108.28524
7462.7   0.0200   108.26500
7469.1   6.4665   108.25100
7469.2   0.0200   108.22500
7469.2   0.0100   108.20000
7469.2   0.0200   108.18500
7469.2   0.0200   108.14500
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