Author

Topic: WTF? (Read 780 times)

full member
Activity: 196
Merit: 101
August 29, 2011, 06:35:28 PM
#4
I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.

Seems like a dumb idea with the transaction fees?  Wouldn't they lose $ on every single one of those?
the initial trades were fractions of btc. from what i can remember the volume was around 50 btc. the rally that followed it was genuine. the volume that was dumped was around 5000 btc. like I said don't know if it was planned or just fortuitous circumstances for someone who had 5000btc to drop.
legendary
Activity: 1834
Merit: 1020
August 29, 2011, 06:29:13 PM
#3
I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.

Seems like a dumb idea with the transaction fees?  Wouldn't they lose $ on every single one of those?
full member
Activity: 196
Merit: 101
August 29, 2011, 06:22:37 PM
#2
I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.
legendary
Activity: 1834
Merit: 1020
August 29, 2011, 06:12:59 PM
#1
Just got back from work.  Can anyone explain to me why that 1 1/2 hour long section of Mt. Gox Live looks like a fucking comb?  /\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\
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