Ok guys - what's the REAL story with BTC-E?? I honestly haven't watched it closely until the last few days. But what is really going on there? They show 80-90% of the volume of Gox and Stamp, but that's just bots. Its like 95% bots. And since they charge 2% in transactions fees, there is no way the owners of those bots could be paying those fees and still have any money left. So are the bots just set up to make it appear like there is volume, so as to give the exchange the appearance of legitimacy so that they can make their money with pumping and dumping the alt coins?
I mean, I am probably the farthest from a conspiracy theorists on this entire forum, but I cannot figure out any other reasonable answer to what is going on there.
I would love insight from someone who knows more than me on this matter. I am really curious to understand BTC-E and how they are really operating.
EDIT: and I am not suggesting the owners of the exchange pump and dump. However, if the volume of the BTC exchange is manipulated, then since the alt coin prices are measured against the BTC price, it makes the alt coin prices look more legitimate. Then more money can be attracted to the exchange in the alt coin markets.
It's 0.2% fees, not 2%.
You trade on there. What is your opinion about what I am saying/seeing?
Firstly, I do not trade that much. That said, I like to trade there because everything happens 5 or 10 seconds after it happens on Gox. If there is no big movement on Gox (or the current leading exchange), the guys and bots at btc-e are just happy trailing and alt-trading.
Another thing I am starting to like more and more is the fact that in Gox you're trying to predict whales. That's very hard and almost always sudden. It seems to me like trying to predict bot behaviour (positions are more clearly seen on the charts) in a trailing exchange is a LOT easier. But idk, that just might be how my mind works.
What I do now for sure, is that I've been far more successful trading at Btc-e than at Gox.
EDIT: forgot to say, bots in btc-e force constant minor movements, which don't really happen at stagnation in other exchanges. Most of my positions are played that way, get in and out quickly.
