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November 22, 2016, 06:53:05 PM |
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In the order book of many altcoin it is easy to notice there are robots making bids and asks. This cause you can see continuously the insertion of growing bids of different value like 0,000015; 0,000016; 0,000017 etc...
I can understand in the short term this can give some benefit, making people thinking this coin has got a good 24h volume, or that the price is growing. But in the mid term and long term these bots should not have any positive effects? it is even a negative things cause if there is not a real interest for a coin pumping it a little bit every day with bots it will make the coin soon or later having a bigger dump and investors hate to see big dumps.
Why even coin that looks really interesting with good team use bots? I undestand for shitty coins but not for the others...
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