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21  Other / Beginners & Help / What type of bitcoin businesses would you like to see? on: June 12, 2011, 09:43:51 AM
Any interesting ideas?
22  Other / Beginners & Help / Great comic about the bitcoin market. on: June 12, 2011, 09:16:56 AM
Very true Cheesy

23  Other / Beginners & Help / Damn we were near 15$/bitcoin there for a second! on: June 12, 2011, 08:15:58 AM
Back to 13$/bitcoin now!
24  Other / Beginners & Help / Looks like BTC leveled out around 10$/coin. on: June 12, 2011, 07:03:04 AM
Should get interesting from now on! Especially considering that the 30$/bitcoin price bubble has pretty much popped.
25  Bitcoin / Bitcoin Discussion / Mtgox high frequency trading. on: June 12, 2011, 01:04:08 AM
Anyone interested in doing something like this? Basically writing a software that does analysis of the trade charts and places buy/sell orders in an attempt to make a profit. Something like this:

Buy order for 13$/btc
Execute at 13$/btc
Sell order for 14$/btc
Execute at 14$/btc  (profit realized of ~1$/btc Less cost)

Then the software makes another similar bet and waits. The software never sells for a loss. Of course the risk is that you could buy for x price and the price drops far below your buy point and never reaches your sell order. In that case you might have to wait a while for the price to reach your sell price.

Right now it seems there is good opportunity since the markets are very volatile.

Also this type of automated trading could help benefit the bitcoin exchanges because this type of trading will help stabilize the price of bitcoins. During periods of high bitcoin demand (price rising) the automated software will start dumping btc which should slow down the price rise. During periods of lots of bitcoin selling, the software will buy up btc which will slow down the price drops.

The only thing that will move the markets are huge buy/sell orders.

Thoughts?
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