Bitcoin Forum

It is only me that see bots selling 1btc all the time on Mt.Gox to start people panic and make them selli the BTC ?

Bots and auto-trading are part of the system. They don't make the price go up or down. Just play the market to make a profit.

To make a profit You need to buy low sell hight and they are making panic to buy low and sell high.

You know how all bots work do you?

Bots work to create profit, that's all. There are many algos to do that. "Buy low and sell high" is not an algo.

Bots are kind of like high frequency traders in the stock market, they can actually be helpful by helping stabilize the price and add liquidity to the market.

Thanks for adding a voice of reason. Bots are not good or bad, just market players the same as the rest of us.

Hahahahahha serious?


SELL


After that kind of flood selling over a hour they Buy like 5 - 100 BTC one transaction when the price go high they do the same shit panic and buying low. What do You think happen when they decide to sell all of the BTC with profit all of those BTC ? Where do You see helping stabilize price ? And why the market lags sometimes? Because bots sell/buy 1000 - 0,01BTC in a second.


People that are on the BTC market looks like this when price go down.

http://bunny1980.files.wordpress.com/2011/07/buy-buy-sell-sell.jpg

^typical idiot bull. The bots spam tiny buys just as often, if not more frequently, than sells.

^typical "tusk lover" that don't understand how BTC stock market works

People should be informed about it, since the liquidity is ver shallow, bot actions can have influence.

I think bots should not been allowed on stock market deleting the API for connection should do the trick and the price will be stable like table.

You sound like you come from the 1970's

Try to sell something fast when there is all the time lag. Because some dumb asses use bots and lag the market network.

Bots are completely normal part of all trading systems. To someone watching and paying attention bots do not effect anything. People who arent paying attention and panic are effected buy bots when they see stupid buy/sell orders.

I'm sure bots are the reason of you losing money on your trades.

Yes but they lag the market system.


Nope nothing is the reason of loosing my money because i did not loose even 1cent

They only lag the system if the system is badly designed e.g gox

Any user is the cause of lag in a system. Better systems can handle more users, so its the website fault for not accommodating for their user base, not the user base trying to use the system. 

More bots = better website
better website = more money costs
if someone don't have money to buy/rent better server and have normal one = lags

less bots/no bots = normal website
normal website = less money costs
if someone don't have money to buy/rent better server and have normal one = no lags

Then you increase your fees to cover the user base, which in return would make bots more costly and reduce their use. Most bot programs operate on a small profit margin, but they are making so many trades that small margins add up to be gain. you reduce that margin they lose their big gain. Normal people and trades will barely be effected because they look for larger profit trades over a longer period.

Something my father fails to understand... nothing goes up forever constantly. When something sells off, it's not some grand conspiracy by manipulators... stop being so greedy.

Bots have as much right to be there as any other speculator trying to 'cash in' on ever increasing prices of bitcoin, and by that very nature they undermine it's use as a currency, because nobody is going to use something as a currency that fluctuates 10-20% on any given day.   Wanting bitcoin to go to $10,000 is a greedy, selfish desire that does nothing to further crypto currencies... honest people can at least admit this and not hide behind this guise of wanting to 'escape the corrupt fiat system' or anything like that.

Good day profit mongers. :)

Completely off-topic

off-topic ? i will say off-galaxy of earth...




And do You think if fees on Mt.gox will be 0,8% and there will be a way to use bots by API and there will be 0,1% fee on Bitstamp and there will be no way to run bot there. Where do You think people will run ?

ye, bots you may call them, trolls or just clueless

A perspective must be maintained.  Bitcoin has gained over 100 dollars per coin since January 1.  If that pattern continues linearly for this year, bitcoin will be worth over $4,500 by the end of the year.

And with that you need to take account that in 2.4 days, you'll see an increase in difficulty of nearly 30%. That will be necessarily be taking into account by miners, as it will make their profit drop if they don't decide to boycott the market under a given btc/usd price. By boycotting I mean, enter into the market at a higher price than now, and since all the miners will do that, it will create an equilibrium greater than now, because non-mining seller tend to price there bitcoin to the high not to the low... Supply has a greater influence than demand in bitcoin economy, since the main purpose of bitcoin is to transfer money from a person A to a person B. A and B don't give a damn shit how much he buys/sell btc, since they just want the damn money to go from A to B, without gov and banks to fuck them half the amount.


In this economy everyone wants the price to go up. Speculators, bitcoin holder, businesses, miners...

The only problem is that a fear of future liquidity crises will led price to go down.

If you know that the liquidity crises is here, you won't bother sell something that is lost.

And people need to know that this fear of future liquidity crises is absolut BS, because, let assume it was possible, then the one who has the power and interest to do it, would do it, and would not show bullshit redflags about it (redflags that let you believe the liquidity crisis will happen).

And if you tell me that the redflags come from the market and not the menace, then it means you are already in the process of fear.

Btc cannot be beaten by the gov and banks because of Godel works on systems.

Who is fearing a liquidity crisis?

I think we need to rise up against the robots and reclaim humanity for mankind. The cyborgs will enslave the human race and turn the world into one giant scrapyard filled with robot orgies and oil changing parties

http://www.virtualworldlets.net/Books/Covers/RobotRevolution.jpg

You seem to forget that prices went down to 600 2 months ago

bots can't make price go down.. just 10+ 10- no worrys buddy!

I was asking a simple question? Just looking for a simple answer.