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Topic: who buys 0.01 BTC ? (Read 1831 times)

hero member
Activity: 714
Merit: 510
September 06, 2013, 10:40:46 AM
#21
hero member
Activity: 714
Merit: 510
September 06, 2013, 10:40:14 AM
#20
I see a lot of 0.01 BTC buys on http://bitcoinity.org/markets  who does that?

People who want to buy a dollar. Not everyone is American or European and that 0.01 means something different in another country.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
September 06, 2013, 10:22:42 AM
#19
For an example: The bots push the last price to one or the other side of the bid/ask.  If you are a seller you want the last to show the ask, if a buyer you want to sell .01 so the last is the bid.
If you have a big transaction which is off-exchange but set at the exchange price and you can sell 0.01 on exchange to set the last to the buy price you can buy your coins cheaper.  So if you are watching these, it could be a contrary indicator.
legendary
Activity: 1190
Merit: 1001
September 06, 2013, 10:14:12 AM
#18
I agree with trading bots.
b!z
legendary
Activity: 1582
Merit: 1010
September 06, 2013, 06:32:14 AM
#17
possibly bots testing the market or playing safe.
newbie
Activity: 12
Merit: 0
September 05, 2013, 08:31:46 PM
#16
trading bots filling the space between significant buy and sell levels
sr. member
Activity: 370
Merit: 250
September 05, 2013, 07:22:45 PM
#15
bots
legendary
Activity: 1736
Merit: 1024
September 05, 2013, 05:31:46 PM
#14
I'm guessing it's bots playing it safe.
jr. member
Activity: 41
Merit: 1
September 05, 2013, 04:37:50 PM
#13
It's just change that gets mopped up. When you put bitcoins up for sale on an exchange, or when you want to buy them, there is not a 100% match between what is being sold and what is being purchased. So if I am selling 110.09 bitcoins, and someone puts in an order to buy 110 bitcoins, then .09 bitcoins is leftover for the next purchase. That's all that's going on.
member
Activity: 84
Merit: 10
September 05, 2013, 03:46:20 PM
#12
Bots probably
full member
Activity: 196
Merit: 100
September 05, 2013, 10:37:42 AM
#11
Easy..  Run a Bot where you can set your Tick time to whatever you want(Instead of top of the Hour where all the manipulators play)..

Check out my Sig below for the best Trading bot around..  Made me $200 yesterday when BTC started to drop..    Grin  "Money For nothing and Chicks for Free"

legendary
Activity: 1540
Merit: 1000
September 05, 2013, 05:28:48 AM
#10
I'd say bots like a lot of other people, there's a lot of fuss about this on the usual stock exchanges etc. too and people claim that it's knocking out the small time investors.
newbie
Activity: 52
Merit: 0
September 05, 2013, 02:44:43 AM
#9
Arbitrage bots possibly?
legendary
Activity: 1330
Merit: 1000
Bitcoin
September 05, 2013, 02:39:38 AM
#8
what is this and why peoples crying about this

I was just curious nobody is crying about it
member
Activity: 84
Merit: 10
September 05, 2013, 02:25:53 AM
#7
what is this and why peoples crying about this
full member
Activity: 134
Merit: 100
September 05, 2013, 01:57:57 AM
#6
should change it though...getting stale
legendary
Activity: 1330
Merit: 1000
Bitcoin
September 05, 2013, 01:55:42 AM
#5
full member
Activity: 134
Merit: 100
September 05, 2013, 01:55:14 AM
#4
bots...trading bots
legendary
Activity: 1330
Merit: 1000
Bitcoin
September 05, 2013, 01:52:48 AM
#3
could be test transactions, but it seems like market manipulation

I should have said that was on mt.gox I just realized it was defaulted on bitcoinity. Bitstamp doesn't seem to have it happening there...
legendary
Activity: 1148
Merit: 1048
September 05, 2013, 01:51:22 AM
#2
could be test transactions, but it seems like market manipulation
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