|
Title: Whats the sense of ask-orders like this Post by: btcLeger on June 14, 2011, 11:11:34 AM 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? Title: Re: Whats the sense of ask-orders like this Post by: Jack of Diamonds on June 14, 2011, 11:20:48 AM 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. Title: Re: Whats the sense of ask-orders like this Post by: AyeYo on June 14, 2011, 11:50:10 AM 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. Title: Re: Whats the sense of ask-orders like this Post by: dumb_mother on June 14, 2011, 01:46:00 PM 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.
Title: Re: Whats the sense of ask-orders like this Post by: tonto on June 14, 2011, 05:24:40 PM 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? Title: Re: Whats the sense of ask-orders like this Post by: tonto on June 14, 2011, 11:03:08 PM or are that data from a different exchange site?
Title: Re: Whats the sense of ask-orders like this Post by: molecular on June 15, 2011, 12:41:38 AM 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 Title: Re: Whats the sense of ask-orders like this Post by: tonto on June 15, 2011, 12:59:05 AM 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. Title: Re: Whats the sense of ask-orders like this Post by: padrino on June 15, 2011, 01:32:51 AM 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. Title: Re: Whats the sense of ask-orders like this Post by: YoYa on June 15, 2011, 07:37:04 AM 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..... Title: Re: Whats the sense of ask-orders like this Post by: FreeMoney on June 15, 2011, 08:05:37 AM Probably testing trailing orders script they wrote.
|