.The difference is huge profit for the trading bot owner.This is just my theory,anyway.
Topic: Who also notice the trading bots aiming a price war at 1,666,666??? (Read 297 times)
December 12, 2017, 08:03:09 AM
If this is true,i don`t think that it`s a market manipulation.It`s an attempt to make money from the people ,who placed wrong orders and forgot to cancell them.Someone could make a typing mistake and place an order to buy 1 bitcoin for 1666,66 USD instread for 16666,6 USD .The difference is huge profit for the trading bot owner.
This is just my theory,anyway.
.The difference is huge profit for the trading bot owner.This is just my theory,anyway.
December 12, 2017, 01:59:14 AM
Op, I will like to know the exchange platform that this thing happened. Like the posters above me has saying, please can you provide us with the links when this things happen! I think we should have think that a cent has no power over this market and I think even if the whole traders place such trade with the aim of bringing bitcoin down will not happen.
December 11, 2017, 11:01:16 PM
they send millions of offers 1 cent under in a attempt to bring the price down
how do you bring the price down with 1 cent sell orders?
we say bitcoin market is small and orderbooks are thin but that small
Quote
You can still see this on the charts if you look at the 24 mark you'll see a straight line peaked at 16,666,666 which never happens... Odd still researching.
where?
the straight line peaked at
$17270 @bitstamp
$17450 @bitfinex
$17485 @coinbase
in the past 24 hours.
can you show us a screenshot of what you mean?
December 11, 2017, 05:05:15 PM
I trade bitcoin and notice the huge trading volumes trying to move the price on bitcoin down so they send millions of offers 1 cent under in a attempt to bring the price down so they can jump in at a cheaper price. This is nothing new however to day the bots seem to be pegging the exchanges to a 1666,666 price this went on for hours 3:00am to 11:300 pst time yet I haven't read a single report on it...You can still see this on the charts if you look at the 24 mark you'll see a straight line peaked at 16,666,666 which never happens... Odd still researching.
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