Bitcoin Forum

Economy => Speculation => Topic started by: Yuhfhrh on June 11, 2012, 05:32:09 AM



Title: what just happened?
Post by: Yuhfhrh on June 11, 2012, 05:32:09 AM
Can someone explain to me what just happened? Did someone just sacrifice their btc?


Title: Re: what just happened?
Post by: notme on June 11, 2012, 05:32:55 AM
Can someone explain to me what just happened? Did someone just sacrifice their btc?

That was a botfight.


Title: Re: what just happened?
Post by: Yuhfhrh on June 11, 2012, 05:35:27 AM
Can someone explain to me what just happened? Did someone just sacrifice their btc?

That was a botfight.

Oh I see... Thanks!


Title: Re: what just happened?
Post by: adamstgBit on June 11, 2012, 05:53:07 AM
Can someone explain to me what just happened? Did someone just sacrifice their btc?

That was a botfight.

this happened b4
they will go on trading and at one point, soon we'll see 0.00BTC buy  0.00BTC sell
kinda weird, and annoying
 



Title: Re: what just happened?
Post by: Bigpiggy01 on June 11, 2012, 11:55:38 AM
It's bots trying to identify a trend with microtrades which kind of dumps this guy on charting software:

https://i.imgur.com/CLjh9.png


Title: Re: what just happened?
Post by: Vandroiy on June 12, 2012, 04:15:56 PM
Looks to me like a destructive kid burning money in a hacked account.

This serves no purpose. You can't identify a trend with it, since bots or bored day-traders will compensate. At best, it produces pointless trading volume.


Title: Re: what just happened?
Post by: bitcoinBull on June 12, 2012, 04:56:31 PM
Looks to me like a destructive kid burning money in a hacked account.

This serves no purpose. You can't identify a trend with it, since bots or bored day-traders will compensate. At best, it produces pointless trading volume.

Could be either a bug in one bot, an unintentional bug between two bots, or one bot gaming another to intentionally drain it. Or an API key(s) stolen from some service (eg bitcoinbuilder.com) which stores them.