Author

Topic: Whats the sense of ask-orders like this (Read 2221 times)

legendary
Activity: 1246
Merit: 1016
Strength in numbers
June 15, 2011, 04:05:37 AM
#11
Probably testing trailing orders script they wrote.
hero member
Activity: 809
Merit: 501
Always verify deals with me through my public key!
Someone's playing games with the order book again this morning:
08:31:46 > Add Bid 0.068 @ 0.0123457
08:31:45 > Add Bid 0.058 @ 0.0123457
08:31:45 > Add Bid 0.177 @ 0.0123457
08:31:44 > Add Bid 0.114 @ 0.0123457
08:31:44 > Add Bid 0.608 @ 0.0123457
08:31:44 > Add Bid 0.311 @ 0.0123457
08:31:43 > Add Bid 0.001 @ 0.0123457
08:31:43 > Add Bid 0.449 @ 0.0123457
08:31:42 > Add Bid 0.433 @ 0.0123457
08:31:42 > Add Bid 0.334 @ 0.0123457
08:31:42 > Add Bid 0.14 @ 0.0123457


What, why? It's not as if the value of BTC is just built in to one exchange.....
legendary
Activity: 1428
Merit: 1000
https://www.bitworks.io
June 14, 2011, 09:32:51 PM
#9
hmm I enter the URL and appropriate values, and it returns this error:

{"error":"Not logged in. Log in<\/a>"}
 
Any ideas?  I know I'm using the right login/pass.

You can't do it in the address bar of your browser (without a dev plugin of some kind), you need to POST those URLs. If you want an easy client toytrader comes to mind, it's a CLI php based trader.
hero member
Activity: 609
Merit: 500
June 14, 2011, 08:59:05 PM
#8
hmm I enter the URL and appropriate values, and it returns this error:

{"error":"Not logged in. Log in<\/a>"}
 
Any ideas?  I know I'm using the right login/pass.
donator
Activity: 2772
Merit: 1019
June 14, 2011, 08:41:38 PM
#7
MtGox won't let me put in orders smaller than 0.1 

Everytime I put in a value less than 0.1 (such as 0.05), it gets red and won't accept it.  How are people doing that?

use the mtgox trading api: https://mtgox.com/support/tradeAPI
hero member
Activity: 609
Merit: 500
June 14, 2011, 07:03:08 PM
#6
or are that data from a different exchange site?
hero member
Activity: 609
Merit: 500
June 14, 2011, 01:24:40 PM
#5
MtGox won't let me put in orders smaller than 0.1 

Everytime I put in a value less than 0.1 (such as 0.05), it gets red and won't accept it.  How are people doing that?
newbie
Activity: 46
Merit: 0
June 14, 2011, 09:46:00 AM
#4
i question the importance of trying to manipulate the price up by 2/10 of 1 cent.  i'm not sure you could achieve any kind of true manipulation with those orders, but then again i'm sure the bots people are running are quite unsophisticated still so maybe it would accomplish something.  i can't really see the point of entering orders like this though.
full member
Activity: 154
Merit: 103
June 14, 2011, 07:50:10 AM
#3
The price goes progressively up, displays as such on the charts & live feed, and you can buy from yourself to make the price appear to have risen quickly.
Since the transaction amounts are so small, the Gox fees don't effect you in anyway.

I must admit I've used this a few times to create a couple-dollar rallies. But not with a bot, just manually.
Mt. Gox allows unlimited transactions per day at any specified amount of BTC so that's what's making it possible.

There is no risk of failure either, because you buy the small bids yourself, driving the price up a bit every time.


This.  It could also be someone trying to front run a large sell order at 20.19.
sr. member
Activity: 252
Merit: 251
June 14, 2011, 07:20:48 AM
#2
The price goes progressively up, displays as such on the charts & live feed, and you can buy from yourself to make the price appear to have risen quickly.
Since the transaction amounts are so small, the Gox fees don't effect you in anyway.

I must admit I've used this a few times to create a couple-dollar rallies. But not with a bot, just manually.
Mt. Gox allows unlimited transactions per day at any specified amount of BTC so that's what's making it possible.

There is no risk of failure either, because you buy the small bids yourself, driving the price up a bit every time.
member
Activity: 98
Merit: 10
June 14, 2011, 07:11:34 AM
#1
Actually to be seen on the Real Time Bitcoin Market Data:

ASK           SIZE
20.188   0.0005   
20.1882   0.0004   
20.1883   0.0004   
20.1884   0.0003   
20.1885   0.0006   
20.1886   0.0008   
20.1888   0.0004   
20.1889   0.0010   
20.1893   0.0015   
20.1894   0.0014   
20.1895   0.0014   
20.1897   0.0012   
20.1898   0.0012   

I dont get it. Suggestions? Ideas? Conspiracy theories? Anyone?
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