Bitcoin Forum

Economy => Trading Discussion => Topic started by: the joint on August 29, 2011, 11:12:59 PM



Title: WTF?
Post by: the joint on August 29, 2011, 11:12:59 PM
Just got back from work.  Can anyone explain to me why that 1 1/2 hour long section of Mt. Gox Live looks like a fucking comb?  /\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\


Title: Re: WTF?
Post by: 322i0n on August 29, 2011, 11:22:37 PM
I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.


Title: Re: WTF?
Post by: the joint on August 29, 2011, 11:29:13 PM
I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.

Seems like a dumb idea with the transaction fees?  Wouldn't they lose $ on every single one of those?


Title: Re: WTF?
Post by: 322i0n on August 29, 2011, 11:35:28 PM
I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.

Seems like a dumb idea with the transaction fees?  Wouldn't they lose $ on every single one of those?
the initial trades were fractions of btc. from what i can remember the volume was around 50 btc. the rally that followed it was genuine. the volume that was dumped was around 5000 btc. like I said don't know if it was planned or just fortuitous circumstances for someone who had 5000btc to drop.