Hi there,
Yesterday, I traded on low market cap currencies on bit-z and I found some strange behaviour. As always on low market cap currencies there is bots that try to manipulate the market but putting huge sell/buy order at a price and small buy/sell order below/above, in order to drive the market in the direction they want and they update each time a new order is coming in the orderbook.
I know this is common and this is not what's bothering me.
What I noticed and what's bothering me it's that the small sell/buy order was below the minimal quantity allowed by Bit-z!
Indeed Bit-z on each currency have put minimal and maximal buy/sell order size.
To explain in detail this I will take an example.
In OXY Market, there is a limit on the minimum buy/sell order size of 5 token.
Yesterday the bot was putting huge sell order (around 50k token) at 0.000022 and small buy order at 0.000021 but of only 0.0001 tokens even if the minimal amount is 5 tokens. and thoses small order were not remaining part of previous order because they moved with each new order on the order book.
Did someone noticed it?
If this is real, how are those bots able to put order below the minimal size?
Are they managed by Bit-z?
Topic: Weird Bot Behaviour in Bit-z (Read 120 times)
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