Title: More bot bids...to simulate interest. Post by: Manticore on April 11, 2013, 02:08:13 PM To simulate interest....look at all these 0.02 bids. If we drop to these levels and lag, they will support the bid/ask.
EDIT: Always at key support levels.....we have a lag, then these bot bids appear. Bid/ask shoot up to the level of these tiny bids even though the stream of sells is much much lower. The slow motion of the lag make these bid/ask jumps much more pronounced, stemming the psychology of the sell-off. This is why we always jump back up so quickly after a minor sell-off (bizarre how bid/ask jump based on tiny 0.02 bids in spite of large 100s or 1000s of coin dumps). It's happened during the past 4 minor sell-offs and yesterday, although the selling was too strong for it to work yesterday. https://bitcointalk.org/index.php?topic=172540 https://i.imgur.com/umRmL7b.png https://bitcointalk.org/index.php?topic=170483 In real-time they would have no effect whatsoever. The reason they work is because of the lag.....in slow motion, they inflate the bid/ask. This affects the way people trade because, during a lag, the bid/ask keep shooting up well above the stream of sells, simulating a bounce. In real-time, the bids would be crushed. But in slow motion it helps stem the psychology of the panic because the inflated bid/ask stick for quite some time, giving everyone ample time to see it. 390.8 0.0200 111.98500 390.8 0.0200 111.94500 390.8 0.0200 111.90500 391.9 1.0926 111.90000 391.9 0.0200 111.86500 391.9 0.0200 111.82500 392.0 0.0200 111.78500 392.0 0.0200 111.74500 392.0 0.0200 111.70500 392.0 0.0200 111.66500 393.6 1.5498 111.63000 393.6 0.0200 111.62500 393.6 0.0200 111.58500 393.6 0.0200 111.54500 393.6 0.0200 111.50500 394.7 1.0500 111.50000 394.7 0.0200 111.46500 394.7 0.0200 111.42500 394.8 0.0200 111.38500 394.8 0.0200 111.34500 394.8 0.0200 111.30500 394.8 0.0200 111.26500 395.8 1.0000 111.23000 395.8 0.0200 111.22500 440.3 44.4567 111.21000 443.3 3.0000 111.20000 444.3 1.0000 111.19000 444.3 0.0200 111.18500 444.3 0.0200 111.14500 445.2 0.8345 111.12000 447.5 2.3512 111.11111 448.6 1.1000 111.11100 683.6 234.9418 111.11000 683.6 0.0200 111.10500 690.6 7.0000 111.10000 691.6 1.0000 111.09121 691.6 0.0200 111.06500 707.2 15.5658 111.04851 707.2 0.0200 111.02500 710.0 2.8000 111.02151 720.0 10.0000 111.02000 1135.4 415.4003 111.00000 1135.4 0.0200 110.98500 1135.4 0.0200 110.94500 1135.4 0.0200 110.90500 1135.5 0.0200 110.86500 1135.5 0.0200 110.82500 1135.5 0.0200 110.78500 1135.5 0.0200 110.74500 1135.5 0.0200 110.70500 1137.6 2.0200 110.70000 1137.6 0.0200 110.66500 1137.8 0.2500 110.62501 1137.9 0.0200 110.62500 1137.9 0.0200 110.58500 1137.9 0.0200 110.54500 1138.9 1.0000 110.51000 1138.9 0.0200 110.50500 1141.7 2.7548 110.50009 1143.0 1.3165 110.50000 1155.6 12.6087 110.47294 1155.6 0.0200 110.46500 1155.6 0.0200 110.42500 1155.7 0.0200 110.38500 1155.7 0.0200 110.34500 1205.7 50.0000 110.33000 1205.7 0.0200 110.30500 1210.7 5.0000 110.30000 1210.7 0.0200 110.26500 1210.9 0.2268 110.25000 1211.0 0.0200 110.22500 1215.0 4.0000 110.21110 2394.6 1179.6730 110.20003 3252.7 858.0232 110.20002 4252.7 1000.0000 110.20000 4252.7 0.0200 110.18500 4253.5 0.8366 110.15000 4253.5 0.0200 110.14500 4263.5 10.0000 110.13272 4263.6 0.0200 110.10500 4363.6 100.0000 110.10000 4373.1 9.5367 110.09000 4373.1 0.0200 110.06500 4374.1 1.0000 110.06325 4374.2 0.1371 110.03177 4374.3 0.0200 110.02500 4379.3 5.0000 110.02000 4382.1 2.8000 110.01251 5425.8 1043.7740 110.01000 5425.9 0.1000 110.00230 5525.9 100.0000 110.00100 7092.4 1566.5042 110.00000 7092.5 0.0200 109.98500 7092.5 0.0200 109.94500 7092.5 0.0200 109.90500 7093.8 1.2500 109.89998 7128.8 35.0000 109.87600 7128.8 0.0200 109.86500 7128.8 0.0200 109.82500 7165.2 36.4246 109.81600 7165.2 0.0200 109.78500 7165.3 0.0200 109.74500 7165.3 0.0200 109.70500 7165.3 0.0200 109.66500 7165.3 0.0200 109.62500 7165.3 0.0200 109.58500 7165.4 0.0200 109.54500 7165.4 0.0200 109.50500 7166.4 1.0500 109.50000 7166.5 0.0200 109.46500 7166.5 0.0200 109.42500 7166.5 0.0200 109.38500 7166.5 0.0200 109.34500 7166.5 0.0200 109.30500 7166.6 0.0200 109.26500 7166.6 0.0200 109.22500 7166.6 0.0200 109.18500 7166.6 0.0200 109.14500 7166.9 0.3000 109.14000 7168.9 1.9500 109.11900 7168.9 0.0200 109.10500 7171.1 2.2100 109.09440 7171.1 0.0200 109.06500 7171.1 0.0100 109.02884 7171.1 0.0200 109.02500 7276.6 105.4127 109.00000 7280.6 4.0300 108.99000 7280.9 0.3080 108.81766 7297.3 16.4454 108.56147 7445.6 148.2702 108.51805 7450.5 4.8930 108.51200 7451.6 1.0500 108.50000 7451.6 0.0200 108.46500 7451.6 0.0200 108.42500 7451.6 0.0200 108.38500 7451.6 0.0200 108.34500 7451.7 0.0200 108.30500 7461.7 10.0000 108.29508 7462.7 1.0000 108.28524 7462.7 0.0200 108.26500 7469.1 6.4665 108.25100 7469.2 0.0200 108.22500 7469.2 0.0100 108.20000 7469.2 0.0200 108.18500 7469.2 0.0200 108.14500 Title: Re: More bot buys...to simulate interest. Post by: Vandroiy on April 11, 2013, 02:21:03 PM The bots most likely impose some sort of price movement friction while being agnostic to market state, so they buy at that point.
It doesn't tell anything. Why do a magic conspiracy when there's money to be made without even caring why the market is as nutty as it is? Maniacs drive price around, bots take their share. It's just how it works. What is annoying is that those tiny orders are allowed and drive up the lag. If Gox took a little bit off their high fees and imposed a 1$ trade fee in turn, there would be a lot less noise. Title: Re: More bot buys...to simulate interest. Post by: Manticore on April 11, 2013, 02:24:14 PM The bots most likely impose some sort of price movement friction while being agnostic to market state, so they buy at that point. It doesn't tell anything. Why do a magic conspiracy when there's money to be made without even caring why the market is as nutty as it is? Maniacs drive price around, bots take their share. It's just how it works. What is annoying is that those tiny orders are allowed and drive up the lag. If Gox took a few % off their high fees and imposed a 1$ flat trade fee instead, there would be a lot less noise. In real-time they would have no effect whatsoever. The reason they work is because of the lag.....in slow motion, they inflate the bid/ask. This affects the way people trade because, during a lag, the bid/ask keep shooting up well above the stream of sells, simulating a bounce. In real-time, the bids would be crushed. But in slow motion it helps stem the psychology of the panic because the inflated bid/ask stick for quite some time, giving everyone ample time to see it.. Title: Re: More bot buys...to simulate interest. Post by: Manticore on April 11, 2013, 02:40:55 PM The bots most likely impose some sort of price movement friction while being agnostic to market state, so they buy at that point. It doesn't tell anything. Why do a magic conspiracy when there's money to be made without even caring why the market is as nutty as it is? Maniacs drive price around, bots take their share. It's just how it works. What is annoying is that those tiny orders are allowed and drive up the lag. If Gox took a little bit off their high fees and imposed a 1$ trade fee in turn, there would be a lot less noise. No magical conspiracy; they appear at key support levels because if those supports break -- yesterday happens. Someone or something with a vested interest to keep this up places these bot bids at key support levels to maintain the chart. People don't realize how close we've come to having a major sell-off over the past few weeks. We are always a support level away. Title: Re: More bot bids...to simulate interest. Post by: Manticore on April 11, 2013, 03:17:35 PM Gox Twitter: "Trading is suspended until 2013-04-12 02:00am UTC for market cooldown. Once back trading will be also faster."
IMO They halted this because we were about to go below key psychological level on the chart......yesterday's low. |