I bet when this starts back it will lag immediately and you'll see those tiny bot bids
Limiting tiny bids would be a good start. Or btc penalty for more than say 100 bids pr. hour.
!! We got a winner!!!! Im been trying to get awareness out and even started a thread but retards took it over!
ill quote myself to save time as its from multiple threads!!
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Ok now to the goods...
We got people attacking the community and bitcoin in general via ddos attacks and coordinated bot action !Example! Ill quote myself from the other thread later but its not hard to see. We have issues outside of the DDOS which is obviously giving the exchanges a hard time!(!
Not just mtgox either)
The issues are a bots making trades under the minimum amount not doubt using high frequency trading algorithms that make purchases a few peanuts at a time !
The effect is they can make purchase via api and custom bots that come in
a lot faster than regular traders can purchase.. so the bots just make a load of
low price high volume trades(micro trades) and on lookers (noobs) staring at charts that they dont even understand are seeing red arrows pointing downwards and the price per bitcoin falling and they cant even make a trade because of the lag being put on the system because of the DDOS and the BOTS!!
It looks likes the price is tanking and it ensues a panic sell off at which point a crap load of people loose funds ( those people are the new comers whos confidence we need!!) we need onlookers and investors to embrace bitcoin. We dont need people looking at it like a noob slaughter house where you show up and get scammed out of your btc or fiat money!
So the bots only have to initiate the landslide and the herd just follows like dumb arses!!here is a quote from the other thread regarding micro trade filtering and DDOS!
(
i was referring to mtdox when i said ask them)
ask em about that!!!
Macro order flooding via bots that trap out regular customer but computer systems dont get trapped out in a panic and they can drive it down via 50 a pop or smaller!! happens every-time is there is a panic! Like someone is manipulating !! Doesn't care about $ its micro manipulate and watch it tank! (look at the dam pics!!)
Gox needs to filter out micro or macro trades or do something! Thats whats cause's the
wild drops and panic !! Probably banks with some bots and endless fiat money!
Needs to be addressed!Drive it down via those small trades and watch the herd jump ship ! Since there is no cooling period or auto shut off its disastrous! !
Thats whats gonna kill it! We need a % slide rule and cooling period put in like the real wall-street trading platforms do!
If it falls by x amount they stop trading for x amount of time! "Cooling period" Hours .. till the next day! Whatever .. something is better than nothing!
At this rate in this setup.. a foreign entity with
negative intention's towards bitcoin could micro trades us to our deaths!
Look.. they switch it up .. this time 50c at a time!
Its the same bots!! getting in faster than everyone else to make the trades at 50c a pop and driving it downwards!
while the regular folks are stuck watching .. trapped cant make a trade and just watch the landslide until they can stop the bleeding and get in to "sell".
Then after the herd sells the same bot operator grabs a
crap load of cheap coins .. RINSE & Repeat!!
Happens every-time there is a panic !! EVERY-TIME!!YOURE ARE BEING PLAYED LIKE A VIDEO GAME!!Get mtgox and the other exchanges to
acknowledge this and take steps!!
The wont unless there is massive
pressure because they profit obnoxiously from these mass sell off .. to the tune of millions!!!!
they get a % of all the trades people!
