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Title: Automated trades Post by: SilverLining on September 19, 2011, 12:09:59 PM Just noticed what looks like automated buying and selling:
http://s4.postimage.org/5ykk1dlad/algo2.png The bot is buying 0.01 every transaction Surely this would just lead to being eaten away by the commission... unless... the bot is run by mtgox = no commission or perhaps it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission. Title: Re: Automated trades Post by: SilverLining on September 19, 2011, 12:27:22 PM Hmmm
looks like the amount is dropping over time at this rate it will be at 0 by about 13:33 http://s2.postimage.org/rjd9ef0ry/trades.png Title: Re: Automated trades Post by: kjj on September 19, 2011, 03:55:41 PM Just noticed what looks like automated buying and selling: The bot is buying 0.01 every transaction Surely this would just lead to being eaten away by the commission... unless... the bot is run by mtgox = no commission or perhaps it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission. ZOMG! Conspiracy! Oh, wait. 5.01901 * 1.0025 * 1.0025 = 5.044136, and these were at 5.04643, for a miniscule profit, after fees. Title: Re: Automated trades Post by: btcmsg on September 21, 2011, 12:59:20 PM interesting.
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