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Title: who buys 0.01 BTC ? Post by: bbit on September 05, 2013, 05:48:50 AM I see a lot of 0.01 BTC buys on http://bitcoinity.org/markets who does that?
Title: Re: who buys 0.01 BTC ? Post by: GreenBits on September 05, 2013, 05:51:22 AM could be test transactions, but it seems like market manipulation
Title: Re: who buys 0.01 BTC ? Post by: bbit on September 05, 2013, 05:52:48 AM could be test transactions, but it seems like market manipulation I should have said that was on mt.gox I just realized it was defaulted on bitcoinity. Bitstamp doesn't seem to have it happening there... Title: Re: who buys 0.01 BTC ? Post by: melon on September 05, 2013, 05:55:14 AM bots...trading bots
Title: Re: who buys 0.01 BTC ? Post by: bbit on September 05, 2013, 05:55:42 AM Title: Re: who buys 0.01 BTC ? Post by: melon on September 05, 2013, 05:57:57 AM should change it though...getting stale
Title: Re: who buys 0.01 BTC ? Post by: saif313 on September 05, 2013, 06:25:53 AM what is this and why peoples crying about this
Title: Re: who buys 0.01 BTC ? Post by: bbit on September 05, 2013, 06:39:38 AM what is this and why peoples crying about this I was just curious nobody is crying about it Title: Re: who buys 0.01 BTC ? Post by: Cudahuda on September 05, 2013, 06:44:43 AM Arbitrage bots possibly?
Title: Re: who buys 0.01 BTC ? Post by: Lethn on September 05, 2013, 09:28:48 AM I'd say bots like a lot of other people, there's a lot of fuss about this on the usual stock exchanges etc. too and people claim that it's knocking out the small time investors.
Title: Re: who buys 0.01 BTC ? Post by: Kuroth on September 05, 2013, 02:37:42 PM Easy.. Run a Bot where you can set your Tick time to whatever you want(Instead of top of the Hour where all the manipulators play)..
Check out my Sig below for the best Trading bot around.. Made me $200 yesterday when BTC started to drop.. ;D "Money For nothing and Chicks for Free" Title: Re: who buys 0.01 BTC ? Post by: elor70 on September 05, 2013, 07:46:20 PM Bots probably
Title: Re: who buys 0.01 BTC ? Post by: SnowDog2003 on September 05, 2013, 08:37:50 PM It's just change that gets mopped up. When you put bitcoins up for sale on an exchange, or when you want to buy them, there is not a 100% match between what is being sold and what is being purchased. So if I am selling 110.09 bitcoins, and someone puts in an order to buy 110 bitcoins, then .09 bitcoins is leftover for the next purchase. That's all that's going on.
Title: Re: who buys 0.01 BTC ? Post by: monbux on September 05, 2013, 09:31:46 PM I'm guessing it's bots playing it safe.
Title: Re: who buys 0.01 BTC ? Post by: hayek on September 05, 2013, 11:22:45 PM bots
Title: Re: who buys 0.01 BTC ? Post by: geetee on September 06, 2013, 12:31:46 AM trading bots filling the space between significant buy and sell levels
Title: Re: who buys 0.01 BTC ? Post by: b!z on September 06, 2013, 10:32:14 AM possibly bots testing the market or playing safe.
Title: Re: who buys 0.01 BTC ? Post by: BitAddict on September 06, 2013, 02:14:12 PM I agree with trading bots.
Title: Re: who buys 0.01 BTC ? Post by: NewLiberty on September 06, 2013, 02:22:42 PM For an example: The bots push the last price to one or the other side of the bid/ask. If you are a seller you want the last to show the ask, if a buyer you want to sell .01 so the last is the bid.
If you have a big transaction which is off-exchange but set at the exchange price and you can sell 0.01 on exchange to set the last to the buy price you can buy your coins cheaper. So if you are watching these, it could be a contrary indicator. Title: Re: who buys 0.01 BTC ? Post by: Luckybit on September 06, 2013, 02:40:14 PM I see a lot of 0.01 BTC buys on http://bitcoinity.org/markets who does that? People who want to buy a dollar. Not everyone is American or European and that 0.01 means something different in another country. Title: Re: who buys 0.01 BTC ? Post by: Luckybit on September 06, 2013, 02:40:46 PM bots Yeah it could be bots too. |