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Title: I have a QUESTION about BITTREX orders Post by: ~Money~ on September 02, 2017, 09:21:25 AM Wondering what is this, I just went to Verge page at bittrex, and I found this, Someone is constantly buying only 1.99 Verge coins and keep buying it from an hour or more, Remember Verge is just 115 satoshi price, he is buying it in every two seconds or so. When I tried to purchase verge the same (just for the checking purpose) Bittrex System disallowed me by saying minimum sale orders are 50000 satoshis.
I have few questions from the experts, I wonder why is he doing this? Is he hiding the sale orders or what? how it will gonna effect the price of the coin? How he is able to buy less than 50000 satoshis when bittrex doesnt allow it? http://www.hostpic.org/images/1709021448100093.jpeg http://www.hostpic.org/images/1709021448110098.jpeg Title: Re: I have a QUESTION about BITTREX orders Post by: Captain_Planet on September 02, 2017, 10:26:03 AM Good question, even I want to know about these types of purchase orders.
Title: Re: I have a QUESTION about BITTREX orders Post by: DaMut on September 02, 2017, 10:36:14 AM i have something in my mind regarding this type of trade,
it can be happen when the trade made by the Bots, Bittrex doesn't allow us[a human] to make a trade below than 50.000 satoshi, because the fee that they will get is very small,so in order to get a better profit for every trade we made,they made the limit for every transaction. but it doesn't work for them who's using a Bots for trade,because the Bot will not make a single trade, and it might be happen for those who's using their API for trade. or i don't really understand about it, what can i see in my view is they're deliberately make it that way in order to show the market is active. Title: Re: I have a QUESTION about BITTREX orders Post by: Captain_Planet on September 02, 2017, 11:30:32 AM i have something in my mind regarding this type of trade, it can be happen when the trade made by the Bots, Bittrex doesn't allow us[a human] to make a trade below than 50.000 satoshi, because the fee that they will get is very small,so in order to get a better profit for every trade we made,they made the limit for every transaction. but it doesn't work for them who's using a Bots for trade,because the Bot will not make a single trade, and it might be happen for those who's using their API for trade. or i don't really understand about it, what can i see in my view is they're deliberately make it that way in order to show the market is active. So in your opinion they (the developers of that particular coin) wants to show the buyers that market is not dead? Will it be a good signal for the coin price to go up or not? |
