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Title: WTH? Someone playing ping pong? Post by: P4man on February 12, 2012, 12:12:17 PM Title: Re: WTH? Someone playing ping pong? Post by: bulanula on February 12, 2012, 12:15:15 PM No. It is called "stable market" ;D Title: Re: WTH? Someone playing ping pong? Post by: P4man on February 12, 2012, 12:43:04 PM More like someone calibrating a price fixing bot. Or Mt Gox messing up:
http://img860.imageshack.us/img860/6129/4122395128orig.jpg Title: Re: WTH? Someone playing ping pong? Post by: BTCurious on February 12, 2012, 12:44:41 PM C'mon guys, let me have my fun! Sometimes I like playing ping pong :-X
Title: Re: WTH? Someone playing ping pong? Post by: Qoheleth on February 12, 2012, 02:05:42 PM No. It is called "stable market" ;D I've never seen a stable market that looks like that.Title: Re: WTH? Someone playing ping pong? Post by: cbeast on February 12, 2012, 02:19:57 PM Looks like a Bandsaw. Bitcoin sent has increased to .4M in last 24H. Difficulty factor at 1,379,647 and climbing. I smell rally.
Title: Re: WTH? Someone playing ping pong? Post by: rebuilder on February 12, 2012, 02:24:34 PM Someone has a bot that sometimes trades very small amounts back and forth. How was the volume for that period?
Title: Re: WTH? Someone playing ping pong? Post by: YoYa on February 12, 2012, 02:36:37 PM Question for some of the more experienced here:
Can HFT be used to manipulate charts? One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals. Title: Re: WTH? Someone playing ping pong? Post by: bulanula on February 12, 2012, 02:42:26 PM Question for some of the more experienced here: Can HFT be used to manipulate charts? One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals. Don't tell me it is that Title: Re: WTH? Someone playing ping pong? Post by: YoYa on February 12, 2012, 02:55:27 PM Question for some of the more experienced here: Can HFT be used to manipulate charts? One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals. Don't tell me it is that Grrr! Let me state outright that I do not subscribe to that bullshit. Small cap market, easy for big players to make waves, more then one big player makes a market. Also, no more proof for the Manipulator exists on the movement of the charts then proof of God lies in weather patterns. Humans recognizing patterns. But the original question remains, other then HFT being used as a means to accumulate/dump without moving price too much, can it also be used to tweak indicators? Title: Re: WTH? Someone playing ping pong? Post by: RandyMarsh on February 12, 2012, 02:58:25 PM 14:56:52 5.74000 0.0001
14:56:42 5.70000 0.0001 14:56:39 5.74000 0.0001 14:56:33 5.70000 0.0001 14:56:26 5.74000 0.0001 14:56:22 5.70000 0.0001 14:56:19 5.74000 0.0001 14:56:13 5.70000 0.0001 14:56:10 5.74000 0.0001 14:56:07 5.71604 0.0001 14:56:05 5.74000 0.0001 14:56:02 5.71604 0.0001 14:55:59 5.74000 0.0001 14:55:57 5.70000 0.0001 14:55:54 5.74000 0.0001 :D Title: Re: WTH? Someone playing ping pong? Post by: CombustibleLemon on February 12, 2012, 05:34:53 PM I posted this somewhere else so I'll post it here too.
Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least. This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 cents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and the behavior runs for ten hours or so) # of losses per minute = 5 (ie 60/12) # of minutes per hour = 60 Amount of trade = .0001 The spread of the trade or loss = .04 #of hours = 10 5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost While this person has lost only about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has pooped out yet again. Title: Re: WTH? Someone playing ping pong? Post by: bittenbob on February 12, 2012, 05:38:08 PM This bot has been trading back and forth with 0.0001BTC back and forth is what is going on. I thought that was less than the minimum transaction size? Either way this is definitely someones bot causing this bandsaw effect.
Title: Re: WTH? Someone playing ping pong? Post by: Elwar on February 12, 2012, 05:42:08 PM Title: Re: WTH? Someone playing ping pong? Post by: teflone on February 12, 2012, 06:02:44 PM Its a barcode..
scan it, it says PWNED... Title: Re: WTH? Someone playing ping pong? Post by: teflone on February 12, 2012, 06:07:11 PM I posted this somewhere else so I'll [pst it here too. Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least. This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 bitcents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and runs for ten hours or so) # of losses per minute = 5 (ie 60/12) # of minutes per hour = 60 Amount of trade = .0001 The spread of the trade or loss = .04 #of hours = 10 5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost But while this person has lost about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has popped out yet again. Hmmmm, this is clever. this could explain a lot... Title: Re: WTH? Someone playing ping pong? Post by: cbeast on February 12, 2012, 06:12:44 PM I posted this somewhere else so I'll [pst it here too. Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least. This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 bitcents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and runs for ten hours or so) # of losses per minute = 5 (ie 60/12) # of minutes per hour = 60 Amount of trade = .0001 The spread of the trade or loss = .04 #of hours = 10 5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost But while this person has lost about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located. This will let them build their own chart of where the price is at any given moment regardless of whether the APi has popped out yet again. Hmmmm, this is clever. this could explain a lot... Title: Re: WTH? Someone playing ping pong? Post by: GeniuSxBoY on February 12, 2012, 06:58:22 PM FOR THE LOVE OF GOD MAKE IT STOP
Title: Re: WTH? Someone playing ping pong? Post by: proudhon on February 12, 2012, 06:59:13 PM FOR THE LOVE OF GOD MAKE IT STOP It's pretty clever. I'm sure it's fucking with some traders' heads. Title: Re: WTH? Someone playing ping pong? Post by: N12 on February 12, 2012, 07:01:25 PM It is incredible MtGox allows volumes of 0.0001.
That’s a ten thousandth Bitcoin. I wonder how much fees they make off this? Title: Re: WTH? Someone playing ping pong? Post by: GeniuSxBoY on February 12, 2012, 07:05:03 PM FOR THE LOVE OF GOD MAKE IT STOP It's pretty clever. I'm sure it's fucking with some traders' heads. It's not clever at all. A 3rd grader can think it. 1) It's annoying 2) It's attention whoring (hey! look at me! i can see visible output from my own actions on mtgoxlive!) 3) It's attention whoring (hey! look at me! people are talking about me and complaining about me and they can't do anything about it!) 4) It's attention whoring (hey! look at me! i'm fucking up people's ability to read history data of trades) Title: Re: WTH? Someone playing ping pong? Post by: proudhon on February 12, 2012, 07:10:29 PM FOR THE LOVE OF GOD MAKE IT STOP It's pretty clever. I'm sure it's fucking with some traders' heads. It's not clever at all. A 3rd grader can think it. 1) It's annoying 2) It's attention whoring (hey! look at me! i can see visible output from my own actions on mtgoxlive!) 3) It's attention whoring (hey! look at me! people are talking about me and complaining about me and they can't do anything about it!) 4) It's attention whoring (hey! look at me! i'm fucking up people's ability to read history data of trades) See, it appears to be working. Title: Re: WTH? Someone playing ping pong? Post by: rampone on February 12, 2012, 07:15:37 PM http://www.youtube.com/watch?v=3UCLHCZJMXg (http://www.youtube.com/watch?v=3UCLHCZJMXg)
Title: Re: WTH? Someone playing ping pong? Post by: GeniuSxBoY on February 12, 2012, 07:26:29 PM i'm going to start padding with .0001 bid, see if you can see me
okay no I'm not, apparently GOX doesn't block small trades from their API, but it does block them on their GUI and I'm too lazy to build one. Title: Re: WTH? Someone playing ping pong? Post by: phelix on February 12, 2012, 09:20:56 PM FOR THE LOVE OF GOD MAKE IT STOP It's pretty clever. I'm sure it's fucking with some traders' heads. It's not clever at all. A 3rd grader can think it. 1) It's annoying 2) It's attention whoring (hey! look at me! i can see visible output from my own actions on mtgoxlive!) 3) It's attention whoring (hey! look at me! people are talking about me and complaining about me and they can't do anything about it!) 4) It's attention whoring (hey! look at me! i'm fucking up people's ability to read history data of trades) yeah, it is spamming the data feeds. mtgox: set trade minimum Title: Re: WTH? Someone playing ping pong? Post by: notme on February 12, 2012, 10:52:49 PM All we need is another bot set to place orders at prices that make this as expensive as possible. If you have the lowest fee tier, you might even squeeze out a few satoshis.
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