Topic: WTH? Someone playing ping pong? (Read 2342 times)
All we need is another bot set to place orders at prices that make this as expensive as possible. If you have the lowest fee tier, you might even squeeze out a few satoshis.
FOR THE LOVE OF GOD MAKE IT STOP
It's pretty clever. I'm sure it's fucking with some traders' heads.
It's not clever at all. A 3rd grader can think it.
1) It's annoying
2) It's attention whoring (hey! look at me! i can see visible output from my own actions on mtgoxlive!)
3) It's attention whoring (hey! look at me! people are talking about me and complaining about me and they can't do anything about it!)
4) It's attention whoring (hey! look at me! i'm fucking up people's ability to read history data of trades)
yeah, it is spamming the data feeds. mtgox: set trade minimum
i'm going to start padding with .0001 bid, see if you can see me
okay no I'm not, apparently GOX doesn't block small trades from their API, but it does block them on their GUI and I'm too lazy to build one.
okay no I'm not, apparently GOX doesn't block small trades from their API, but it does block them on their GUI and I'm too lazy to build one.
FOR THE LOVE OF GOD MAKE IT STOP
It's pretty clever. I'm sure it's fucking with some traders' heads.
It's not clever at all. A 3rd grader can think it.
1) It's annoying
2) It's attention whoring (hey! look at me! i can see visible output from my own actions on mtgoxlive!)
3) It's attention whoring (hey! look at me! people are talking about me and complaining about me and they can't do anything about it!)
4) It's attention whoring (hey! look at me! i'm fucking up people's ability to read history data of trades)
See, it appears to be working.
FOR THE LOVE OF GOD MAKE IT STOP
It's pretty clever. I'm sure it's fucking with some traders' heads.
It's not clever at all. A 3rd grader can think it.
1) It's annoying
2) It's attention whoring (hey! look at me! i can see visible output from my own actions on mtgoxlive!)
3) It's attention whoring (hey! look at me! people are talking about me and complaining about me and they can't do anything about it!)
4) It's attention whoring (hey! look at me! i'm fucking up people's ability to read history data of trades)
It is incredible MtGox allows volumes of 0.0001.
That’s a ten thousandth Bitcoin. I wonder how much fees they make off this?
That’s a ten thousandth Bitcoin. I wonder how much fees they make off this?
FOR THE LOVE OF GOD MAKE IT STOP
It's pretty clever. I'm sure it's fucking with some traders' heads.
FOR THE LOVE OF GOD MAKE IT STOP
I posted this somewhere else so I'll [pst it here too.
Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.
This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 bitcents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and runs for ten hours or so)
# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost
But while this person has lost about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has popped out yet again.
Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.
This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 bitcents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and runs for ten hours or so)
# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost
But while this person has lost about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has popped out yet again.
Hmmmm, this is clever. this could explain a lot...
I posted this somewhere else so I'll [pst it here too.
Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.
This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 bitcents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and runs for ten hours or so)
# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost
But while this person has lost about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has popped out yet again.
Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.
This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 bitcents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and runs for ten hours or so)
# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost
But while this person has lost about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has popped out yet again.
Hmmmm, this is clever. this could explain a lot...
Its a barcode..
scan it, it says PWNED...
scan it, it says PWNED...
means BUY!!!!
This bot has been trading back and forth with 0.0001BTC back and forth is what is going on. I thought that was less than the minimum transaction size? Either way this is definitely someones bot causing this bandsaw effect.
I posted this somewhere else so I'll post it here too.
Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.
This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 cents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and the behavior runs for ten hours or so)
# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost
While this person has lost only about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has pooped out yet again.
Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.
This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 cents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and the behavior runs for ten hours or so)
# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost
While this person has lost only about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has pooped out yet again.
14:56:52 5.74000 0.0001
14:56:42 5.70000 0.0001
14:56:39 5.74000 0.0001
14:56:33 5.70000 0.0001
14:56:26 5.74000 0.0001
14:56:22 5.70000 0.0001
14:56:19 5.74000 0.0001
14:56:13 5.70000 0.0001
14:56:10 5.74000 0.0001
14:56:07 5.71604 0.0001
14:56:05 5.74000 0.0001
14:56:02 5.71604 0.0001
14:55:59 5.74000 0.0001
14:55:57 5.70000 0.0001
14:55:54 5.74000 0.0001
14:56:42 5.70000 0.0001
14:56:39 5.74000 0.0001
14:56:33 5.70000 0.0001
14:56:26 5.74000 0.0001
14:56:22 5.70000 0.0001
14:56:19 5.74000 0.0001
14:56:13 5.70000 0.0001
14:56:10 5.74000 0.0001
14:56:07 5.71604 0.0001
14:56:05 5.74000 0.0001
14:56:02 5.71604 0.0001
14:55:59 5.74000 0.0001
14:55:57 5.70000 0.0001
14:55:54 5.74000 0.0001
Question for some of the more experienced here:
Can HFT be used to manipulate charts?
One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.
Can HFT be used to manipulate charts?
One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.
Don't tell me it is that
Grrr!
Let me state outright that I do not subscribe to that bullshit.
Small cap market, easy for big players to make waves, more then one big player makes a market. Also, no more proof for the Manipulator exists on the movement of the charts then proof of God lies in weather patterns. Humans recognizing patterns.
But the original question remains, other then HFT being used as a means to accumulate/dump without moving price too much, can it also be used to tweak indicators?
Question for some of the more experienced here:
Can HFT be used to manipulate charts?
One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.
Can HFT be used to manipulate charts?
One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.
Don't tell me it is that
Question for some of the more experienced here:
Can HFT be used to manipulate charts?
One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.
Can HFT be used to manipulate charts?
One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.
Someone has a bot that sometimes trades very small amounts back and forth. How was the volume for that period?
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