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Title: I have come to the realization that the majority of the trading Post by: fleabag on July 05, 2013, 03:38:47 PM in bitcoin are just BOTS. .0001 buys and sells and a few large purchases sprinkled in here and there. I dont know how you can get a true representation of the price with all this crap going on. If I had an exchange 2 decimal places and thats it.
Title: Re: I have come to the realization that the majority of the trading Post by: vokain on July 05, 2013, 03:43:47 PM duh bitcoin.clarkmoody.com
Title: Re: I have come to the realization that the majority of the trading Post by: derpinheimer on July 05, 2013, 04:17:56 PM People have known this for awhile.
Some say without the bots the price would collapse. Title: Re: I have come to the realization that the majority of the trading Post by: Mhash pipe on July 05, 2013, 04:23:47 PM Same is true for the stock market...
Title: Re: I have come to the realization that the majority of the trading Post by: fleabag on July 05, 2013, 04:56:45 PM if I was a programmer I would be trying to figure out a way to pick off the bots. if you had market makers or legit shorting you could do it.
Title: Re: I have come to the realization that the majority of the trading Post by: Spaceman_Spiff on July 05, 2013, 05:04:55 PM I think it's generally a good thing that there are bots (based on how they work of course). They reduce the bid-ask spread or inter-exchange spreads.
Title: Re: I have come to the realization that the majority of the trading Post by: Arcas on July 05, 2013, 10:30:30 PM Bots are important for market stability.
Title: Re: I have come to the realization that the majority of the trading Post by: peonminer on July 05, 2013, 10:38:42 PM I am repeating everyone's answer so that it will add validity to the claim.
Title: Re: I have come to the realization that the majority of the trading Post by: Kuroth on July 05, 2013, 10:45:08 PM where do you find "legit" info on how to learn about Trading Bots for Bitcoin?
Title: Re: I have come to the realization that the majority of the trading Post by: peonminer on July 05, 2013, 10:46:32 PM where do you find "legit" info on how to learn about Trading Bots for Bitcoin? A simple Google search. https://www.google.com/search?q=bitcoin+trading+bot&oq=bitcoin+trading+bot&aqs=chrome.0.57.2908j0&sourceid=chrome&ie=UTF-8 Title: Re: I have come to the realization that the majority of the trading Post by: Kuroth on July 05, 2013, 11:19:18 PM Thanks.. Yes I know how to use Google... Was not sure if what comes up in the search is scams so was hopping some could recommend "Legit" ones.. But I am looking at the search results now..
Title: Re: I have come to the realization that the majority of the trading Post by: Zooey on July 05, 2013, 11:50:29 PM Thanks.. Yes I know how to use Google... Was not sure if what comes up in the search is scams so was hopping some could recommend "Legit" ones.. But I am looking at the search results now.. http://oi43.tinypic.com/9i5mwi.jpg Title: Re: I have come to the realization that the majority of the trading Post by: fleabag on July 06, 2013, 08:00:26 PM do you really need bots doing .0000001 trades? you call that helping out with stability? all that does is bottleneck the system with meaning-less trades.
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