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Since the OP is being a ROYAL DICK to people asking simple questions i'll TRY to explain what I THINK he's trying to achieve with this bot of his, but I can't be certain because the OP is so vague and such a PRICK about it to people.
I BELIEVE this bot of his automates a pump and dump scheme (which is illegal and is easy for market's on any exchange, for any commodity* to identify because they data mine for it like a hawk). It's been used on wall street since like the 80's so theres been tools much more advanced i'm certain then the script of his bot to identify it and I would assume subsequently ban the account.
What that is is when you get a group of people with a bunch of what's being traded, in this case BTC and instead of a bunch of people a bot with the collective BTC that a bunch of people would have buy BTC at a purposefully (artificially) high price (PUMP up it's value). Then they wait for trader's to see it's artificially inflated (high) value and assume that that's it's new value (when it's not since it was a locally created event purposefully produced by the perpetrator to make trader's believe that BTCs (or whatever stocks, bonds, commodities) value has gone up) and they then proceed to purchase it at that value themselves.
The perpetrator(s) wait until enough volume (personal choice) at their rate has been acquired OR market fluctuations threaten to devalue BTC naturally and then DUMP (sell) the artificially value inflated BTC and make profit off the backs of the trader's who they tricked into believing it's value was higher then it actually it. It's a transient event.
*Which is probably why he openly admits to not doing it himself and which makes this bot more or less worthless
I'm in no way saying a bot wouldn't help someone do a pump and dump, in fact IF YOU COULD GET AWAY WITH IT it would make it easy because the bot would automate the process, be able to cycle through pump and dumps rapidly and identify natural market devaluation and sell (DUMP) so the perpetrator doesn't lose the BTC he's used to artificially inflate it's value for a short period if that starts happening.
The only way people actually get away with pump and dumps (on wall street anyways, perhaps BTC trading exchanges differ in some way) is if done by a bunch of people at random times with a LARGE volume of BTC (he neglected to mention you need a lot of BTC to make this work at all) because the market's are always monitoring for aberrant (unnatural) activities being conducted (eg. buying BTC at a much higher price then it's valued at ... no sane trader is going to buy bitcoin at $300/BTC when there's volume of it for sale at $250/BTC).
The market scammer can often get away with ONE OR TWO pump and dumps of a given resource (and BTC is a terrible platform to be doing this since there's only one resource ... BTC) before their actions are considered criminal and they're banned from the exchange they're abusing. A bot that rapidly cycles pump and dump's is going to stick out and be caught immediately.
Perhap's i'm wrong and he has some magical trick, I am simply trying to explain what a pump and dump scam is.
OP if you bot doesn't execute a pump and dump then don't flip out on me, rather try to explain it to the people reading your thread please. For 5 BTC prospective buyer's deserve way more information and way better customer service then you've offered them.
I won't deny that i'm very curious to see the code of this bot myself, but not to actually use it (just like the OP doesn't even want to use it because he knows he'll get caught he just want's to sell it at insane prices instead lol). Just plain curiosity as to how his bot executes it and more importantly how it evades detection. Will I pay more then $1200 just to satisfy a curiosity though? Nope.
I'm not calling you OR your bot stupid OP so calm down before you freak out. But I am saying it's a huge risk (of getting caught) and requires a huge investment of BTC into the market (PUMPING) neither of which you've alerted people to and if they're going to pay you more then $1100 USD for this thing they deserve a lot more explanation of it's functioning and it's RISKS.
Maybe i'm all wrong and it just pumps gas, who knows
. But tell us what scam ... er let's not use the word scam because that sounds like it's illegal (it is) .. let's call it a 'scheme' does to the market to stimulate profit or volume please?
I have sent screenshots to people who asked me for proof, lol. I've even explained how it works. THROUGH PM.I BELIEVE this bot of his automates a pump and dump scheme (which is illegal and is easy for market's on any exchange, for any commodity* to identify because they data mine for it like a hawk). It's been used on wall street since like the 80's so theres been tools much more advanced i'm certain then the script of his bot to identify it and I would assume subsequently ban the account.
What that is is when you get a group of people with a bunch of what's being traded, in this case BTC and instead of a bunch of people a bot with the collective BTC that a bunch of people would have buy BTC at a purposefully (artificially) high price (PUMP up it's value). Then they wait for trader's to see it's artificially inflated (high) value and assume that that's it's new value (when it's not since it was a locally created event purposefully produced by the perpetrator to make trader's believe that BTCs (or whatever stocks, bonds, commodities) value has gone up) and they then proceed to purchase it at that value themselves.
The perpetrator(s) wait until enough volume (personal choice) at their rate has been acquired OR market fluctuations threaten to devalue BTC naturally and then DUMP (sell) the artificially value inflated BTC and make profit off the backs of the trader's who they tricked into believing it's value was higher then it actually it. It's a transient event.
*Which is probably why he openly admits to not doing it himself and which makes this bot more or less worthless
I'm in no way saying a bot wouldn't help someone do a pump and dump, in fact IF YOU COULD GET AWAY WITH IT it would make it easy because the bot would automate the process, be able to cycle through pump and dumps rapidly and identify natural market devaluation and sell (DUMP) so the perpetrator doesn't lose the BTC he's used to artificially inflate it's value for a short period if that starts happening.
The only way people actually get away with pump and dumps (on wall street anyways, perhaps BTC trading exchanges differ in some way) is if done by a bunch of people at random times with a LARGE volume of BTC (he neglected to mention you need a lot of BTC to make this work at all) because the market's are always monitoring for aberrant (unnatural) activities being conducted (eg. buying BTC at a much higher price then it's valued at ... no sane trader is going to buy bitcoin at $300/BTC when there's volume of it for sale at $250/BTC).
The market scammer can often get away with ONE OR TWO pump and dumps of a given resource (and BTC is a terrible platform to be doing this since there's only one resource ... BTC) before their actions are considered criminal and they're banned from the exchange they're abusing. A bot that rapidly cycles pump and dump's is going to stick out and be caught immediately.
Perhap's i'm wrong and he has some magical trick, I am simply trying to explain what a pump and dump scam is.
OP if you bot doesn't execute a pump and dump then don't flip out on me, rather try to explain it to the people reading your thread please. For 5 BTC prospective buyer's deserve way more information and way better customer service then you've offered them.
I won't deny that i'm very curious to see the code of this bot myself, but not to actually use it (just like the OP doesn't even want to use it because he knows he'll get caught he just want's to sell it at insane prices instead lol). Just plain curiosity as to how his bot executes it and more importantly how it evades detection. Will I pay more then $1200 just to satisfy a curiosity though? Nope.
I'm not calling you OR your bot stupid OP so calm down before you freak out. But I am saying it's a huge risk (of getting caught) and requires a huge investment of BTC into the market (PUMPING) neither of which you've alerted people to and if they're going to pay you more then $1100 USD for this thing they deserve a lot more explanation of it's functioning and it's RISKS.
Maybe i'm all wrong and it just pumps gas, who knows
. But tell us what scam ... er let's not use the word scam because that sounds like it's illegal (it is) .. let's call it a 'scheme' does to the market to stimulate profit or volume please?If people don't care enough to PM, I don't see a reason why should I post in here.
And, yes, you’re right, Jason. It pumps gas.
Sincerely,
ROYAL DICK
