BATA BTA ◈ OLD THREAD - NOW @ https://bitcointalk.org/index.php?topic=2297895.0

[pc888]

Hah, short POW phase That's not the mark of a scamcoin at all. Let me guess, huge block reward for early blocks, and some form of POW that allows dev to mine a shit ton? This is dead.

Short POW? I fail to understand what you mean by short POW, when it is still running after 12 months.

As for the block reward, check it out yourself, it's all on the blockchain.

Your sniffing up the wrong tree.

[BestTwitterTrader]

The developer has the no. 1 wallet according to his donation address on the paper wallet site.

http://imgur.com/xWFYBuO

http://imgur.com/TsLD5Ki

I'd say he's pretty vested in his own projects success.

References:

https://chainz.cryptoid.info/bta/address.dws?324.htm
https://bata.money/paperwallet/?currency=BataCoin

Yes correct I am vested in BTA's success.

No. You are a scam developer that instamined in the short POW phase. It's like literally the first trick in the book. Please be more imaginative when you want to pump and dump. At least hide mega blocks or something. This is kindergarten BS

I don't know if you're stupid, or retarded.

http://www.coinwarz.com/cryptocurrency/coins/bata

[pc888]

The developer has the no. 1 wallet according to his donation address on the paper wallet site.





I'd say he's pretty vested in his own projects success.

References:

https://chainz.cryptoid.info/bta/address.dws?324.htm
https://bata.money/paperwallet/?currency=BataCoin

Yes correct I am vested in BTA's success.

No. You are a scam developer that instamined in the short POW phase. It's like literally the first trick in the book. Please be more imaginative when you want to pump and dump. At least hide mega blocks or something. This is kindergarten BS

I don't know if you're stupid, or retarded.

http://www.coinwarz.com/cryptocurrency/coins/bata

NVM is just fud - maybe not informed very well?

[bobcaticus]

Pretty weak FUD, try harder.

[raimch89]

have you seen that?

https://www.bittrex.com/Lab/Any2Any

[earthpet]

have you seen that?

https://www.bittrex.com/Lab/Any2Any

DAMMIT! I just tried to test the Any2Any to see what the price would be and it sold my damn cryptos! No warning. DO NOT HIT "CONVERT" UNLESS YOU WANT TO MAKE THE TRADE! It will not ask you for a gut check.

[BestTwitterTrader]

have you seen that?

https://www.bittrex.com/Lab/Any2Any

DAMMIT! I just tried to test the Any2Any to see what the price would be and it sold my damn cryptos! No warning. DO NOT HIT "CONVERT" UNLESS YOU WANT TO MAKE THE TRADE! It will not ask you for a gut check.

Oh wow....thanks for letting us know...that's concerning. What did you lose?

[pc888]

have you seen that?

https://www.bittrex.com/Lab/Any2Any

DAMMIT! I just tried to test the Any2Any to see what the price would be and it sold my damn cryptos! No warning. DO NOT HIT "CONVERT" UNLESS YOU WANT TO MAKE THE TRADE! It will not ask you for a gut check.

It appears to be like shapeshift.

Hopefully you did not lose much - sorry to hear.

[earthpet]

have you seen that?

https://www.bittrex.com/Lab/Any2Any

DAMMIT! I just tried to test the Any2Any to see what the price would be and it sold my damn cryptos! No warning. DO NOT HIT "CONVERT" UNLESS YOU WANT TO MAKE THE TRADE! It will not ask you for a gut check.

It appears to be like shapeshift.

Hopefully you did not lose much - sorry to hear.

I had 10 STEEM and I wanted to see how many Bata I could get for them. So I put in the 10 STEEM, changed the other box to Bata, but it was blank. So I hit "convert" to see how much it would be and it SOLD my STEEM and bought like 48 Bata. No gut check question advising me this was a transaction. It would have converted to more Bata but I guess there were only about 48 at that certain price (.00001615 BTC). I guess the difference was deposited as BTC (I hope, but I cannot verify). Not a bad price for Bata, but I wanted to hang on to that STEEM out of curiosity.

So I tried to email Bittrex and the email link on their website didn't work. Not sure if it something on my end. I went into my emails from Bittrex and tried to use that link but it didn't work either. So I tweeted them. I explained that there was no gut check on the Any2Any. They replied asking me to explain the gut check term. I replied kindly and explained to them. They said they will be releasing a bug fix tonight that will make the trades more reliable. I hope that fixes the problem.

[pc888]

have you seen that?

https://www.bittrex.com/Lab/Any2Any

DAMMIT! I just tried to test the Any2Any to see what the price would be and it sold my damn cryptos! No warning. DO NOT HIT "CONVERT" UNLESS YOU WANT TO MAKE THE TRADE! It will not ask you for a gut check.

It appears to be like shapeshift.

Hopefully you did not lose much - sorry to hear.

I had 10 STEEM and I wanted to see how many Bata I could get for them. So I put in the 10 STEEM, changed the other box to Bata, but it was blank. So I hit "convert" to see how much it would be and it SOLD my STEEM and bought like 48 Bata. No gut check question advising me this was a transaction. It would have converted to more Bata but I guess there were only about 48 at that certain price (.00001615 BTC). I guess the difference was deposited as BTC (I hope, but I cannot verify). Not a bad price for Bata, but I wanted to hang on to that STEEM out of curiosity.

So I tried to email Bittrex and the email link on their website didn't work. Not sure if it something on my end. I went into my emails from Bittrex and tried to use that link but it didn't work either. So I tweeted them. I explained that there was no gut check on the Any2Any. They replied asking me to explain the gut check term. I replied kindly and explained to them. They said they will be releasing a bug fix tonight that will make the trades more reliable. I hope that fixes the problem.

Good that you got in contact with Bittrex as your feedback will make the service better.

[mrongoz_imut]

hy dev
where u action to rise up price again

[pc888]

hy dev
where u action to rise up price again

My actions are to get the price to rise, but make sure that we have a solid and stable network, so I am making sure we are taking the right action on POS before acting.

[earthpet]

Livecoin test.

I was curious as to how Livecoin could get so much trading volume in Bata. So, I am doing a test. I deposited .01277548 BTC and placed an order for 749+ Bata. The open orders are scarce. There are currently buy orders for a total of 6538 Bata (including my 749+). There are currently sell orders for 1253.9 Bata. This is very small amount.

In contrast there are 135433.213 Bata currently for sale on Bittrex and there are buy orders for 1257081.327 Bata. But SOMEHOW Livecoin is doing over 5 times the volume of Bittrex! While I was writing this apparently someone ordered some Bata at a good price. That was pretty sneaky! Here are the apparent recent transactions:

    21.05.2016 20:02    buy    142.20925 BTA    0.00002174 BTC    0.00309163 BTC
   21.05.2016 20:02    buy    115.74801 BTA    0.00002179 BTC    0.00252215 BTC
   21.05.2016 20:02    buy    260.79127 BTA    0.000022 BTC    0.00573741 BTC
   21.05.2016 19:14    sell    345.4916 BTA    0.00001734 BTC    0.00599082 BTC
   21.05.2016 19:14    sell    94.516 BTA    0.00001643 BTC    0.0015529 BTC
   21.05.2016 19:13    sell    348.296 BTA    0.00001943 BTC    0.00676739 BTC
   21.05.2016 19:13    buy    355.4196 BTA    0.00001829 BTC    0.00650062 BTC
   21.05.2016 19:00    buy    366.645 BTA    0.00001997 BTC    0.0073219 BTC
   21.05.2016 19:00    buy    578.95 BTA    0.00001727 BTC    0.00999847 BTC

Where did all of this Bata go up for sale? In the meantime nobody is selling me their Bata for 1700 satoshis. Wait a minute! Some more trades just happened:

    21.05.2016 20:14    buy    197.114 BTA    0.00002211 BTC    0.00435819 BTC
   21.05.2016 20:14    sell    464.19 BTA    0.00002093 BTC    0.0097155 BTC
   21.05.2016 20:13    sell    295.72 BTA    0.00002081 BTC    0.00615393 BTC

Amazing! It didn't even appear on the buy/sell orders and yet it got traded. It's a miracle! Still showing the same old buy and sell orders that it has for days. Yet, somehow a massive volume of trades is happening secretly. This is affecting the chart on coinmarketcap. What looks like a spike in price was just this questionable/ghostly trading taking place.

[earthpet]

I have cancelled my order for Bata on Livecoin and withdrawn my BTC. Several more Bata transactions took place while my order was open.

    22.05.2016 04:02    buy    509.17553 BTA    0.00001862 BTC    0.00948085 BTC
   22.05.2016 01:13    sell    229.157 BTA    0.00002088 BTC    0.0047848 BTC
   22.05.2016 01:13    buy    147.0589 BTA    0.00002167 BTC    0.00318677 BTC
   22.05.2016 01:13    buy    256.3206 BTA    0.00002033 BTC    0.005211 BTC
   22.05.2016 01:04    sell    317.43 BTA    0.00002017 BTC    0.00640256 BTC
   22.05.2016 01:04    sell    322.58 BTA    0.00002002 BTC    0.00645805 BTC
   22.05.2016 01:04    sell    178.769 BTA    0.00002085 BTC    0.00372733 BTC
   22.05.2016 01:03    sell    397.0052 BTA    0.0000201 BTC    0.0079798 BTC
   22.05.2016 00:01    sell    293.76 BTA    0.00002061 BTC    0.00605439 BTC

As you can see from the example above, this does not make sense. For instance, at 01:13. Explain that transaction! Funny how they almost always buy in the hundreds. And not to eight decimal places like the majority of transactions on EVERY OTHER EXCHANGE.

[pc888]

I have cancelled my order for Bata on Livecoin and withdrawn my BTC. Several more Bata transactions took place while my order was open.

    22.05.2016 04:02    buy    509.17553 BTA    0.00001862 BTC    0.00948085 BTC
   22.05.2016 01:13    sell    229.157 BTA    0.00002088 BTC    0.0047848 BTC
   22.05.2016 01:13    buy    147.0589 BTA    0.00002167 BTC    0.00318677 BTC
   22.05.2016 01:13    buy    256.3206 BTA    0.00002033 BTC    0.005211 BTC
   22.05.2016 01:04    sell    317.43 BTA    0.00002017 BTC    0.00640256 BTC
   22.05.2016 01:04    sell    322.58 BTA    0.00002002 BTC    0.00645805 BTC
   22.05.2016 01:04    sell    178.769 BTA    0.00002085 BTC    0.00372733 BTC
   22.05.2016 01:03    sell    397.0052 BTA    0.0000201 BTC    0.0079798 BTC
   22.05.2016 00:01    sell    293.76 BTA    0.00002061 BTC    0.00605439 BTC

As you can see from the example above, this does not make sense. For instance, at 01:13. Explain that transaction! Funny how they almost always buy in the hundreds. And not to eight decimal places like the majority of transactions on EVERY OTHER EXCHANGE.

As previously advised I have noted this. I have not contacted Livecoin yet, but I will for further clarification. Maybe a partner market?

edit: sent email to Livecoin support.

[LiveCoin]

Hello.
There is no miracle, we get such questions from time to time. We allow bot trading, moreover we encourage bot trading clients from the first day run. Thus, high frequency and fast trading happens quite often. Bot owners use API only (zero delay). When client's bot sees good order (I mean good price), he immediately closes it. This action takes much less than a second from the opening time of "good order". You may notice some sort of blink in orderbook, because the "web part" of an exchange is much more slower then API. Order must live 1-3 second to fully appear in orderbook.

Usually this trading activity has an arbitration character, this means that client opens 2 orders immediately, first at our exchange and second at another one. So he earns something from spread prices. These clients don't place their own orders in orderbook, usually they only take liquidity, but this is legal activity. So, they do it automatically and repeat hundreds and even thousands of times daily for the big volume coins, they turn a lot of money between exchanges.

Also from time to time happens self trading, but not so often and we're trying to    prohibit when notice. Some glitches of bot trading also take place, when people test their scripts or they don't work properly. Since we don't forbid bot trading and arbitration trading, we have really a lot of such clients, because some of exchanges do not encourage this activity.

And quite rare malicious actions may happen when people who interested in increasing the volume of trades can try to increase it manually from several accounts. This is hard to detect for us, but we are trying.

We did not found any illegal activity at BATA/BTC pair for the last days and we'd like to notice that 20$ volume is not that amount when we usually start review of trading activity. When we see raise from 1000$ to 50000$ then we of course trying to find out the reason.

We understand that particular qualities of our exchange may interfere your business or development of your coin. You as developer has all the levers and can stop trading or delist coin if you want, just let us know, we'll process your request immediately.

P.S. sorry for my english, it is far from perfect.
P.S.S. we will not change our policy for API and bot trading, please don't ask.

[pc888]

Hello.
There is no miracle, we get such questions from time to time. We allow bot trading, moreover we encourage bot trading clients from the first day run. Thus, high frequency and fast trading happens quite often. Bot owners use API only (zero delay). When client's bot sees good order (I mean good price), he immediately closes it. This action takes much less than a second from the opening time of "good order". You may notice some sort of blink in orderbook, because the "web part" of an exchange is much more slower then API. Order must live 1-3 second to fully appear in orderbook.

Usually this trading activity has an arbitration character, this means that client opens 2 orders immediately, first at our exchange and second at another one. So he earns something from spread prices. These clients don't place their own orders in orderbook, usually they only take liquidity, but this is legal activity. So, they do it automatically and repeat hundreds and even thousands of times daily for the big volume coins, they turn a lot of money between exchanges.

Also from time to time happens self trading, but not so often and we're trying to    prohibit when notice. Some glitches of bot trading also take place, when people test their scripts or they don't work properly. Since we don't forbid bot trading and arbitration trading, we have really a lot of such clients, because some of exchanges do not encourage this activity.

And quite rare malicious actions may happen when people who interested in increasing the volume of trades can try to increase it manually from several accounts. This is hard to detect for us, but we are trying.

We did not found any illegal activity at BATA/BTC pair for the last days and we'd like to notice that 20$ volume is not that amount when we usually start review of trading activity. When we see raise from 1000$ to 50000$ then we of course trying to find out the reason.

We understand that particular qualities of our exchange may interfere your business or development of your coin. You as developer has all the levers and can stop trading or delist coin if you want, just let us know, we'll process your request immediately.

P.S. sorry for my english, it is far from perfect.
P.S.S. we will not change our policy for API and bot trading, please don't ask.

I am happy with your explanation and can perfectly understand. I do thank you for taking the time to post here.

[earthpet]

I've seen bot trading on Bleutrade and Bittrex. Bot trading between currencies (i.e. BTA/BTC and BTA/DOGE) make sense. Bot trading between exchanges makes sense. But bot trading to simply give the appearance of increased volume makes no sense and benefits nobody except the exchange needing the publicity of appearing to have a competitive trade volume.

The increased volume of trades attracts traders--like me--who then proceed to investigate the volume. In the case of Bittrex that volume turns out to be justified by the amount of open orders on the books. But the increased volume of trades on Livecoin turns out to be an illusion. There are very, very few open orders for BTA even compared to much smaller exchanges.

So the bot trading for volume appears to be a bait and switch. It damages the credibility of the exchange. It is a horrible business model because it doesn't work except (possibly) in the short term and it makes the trader feel deceived. And it cements the loyalty to exchanges that do not have/use such tactics.

I would not ask you to change your API and bot trading policy. It is important for traders to experience the difference between trustworthy and untrustworthy trade volume.

[midnight_miner]

I've seen bot trading on Bleutrade and Bittrex. Bot trading between currencies (i.e. BTA/BTC and BTA/DOGE) make sense. Bot trading between exchanges makes sense. But bot trading to simply give the appearance of increased volume makes no sense and benefits nobody except the exchange needing the publicity of appearing to have a competitive trade volume.

The increased volume of trades attracts traders--like me--who then proceed to investigate the volume. In the case of Bittrex that volume turns out to be justified by the amount of open orders on the books. But the increased volume of trades on Livecoin turns out to be an illusion. There are very, very few open orders for BTA even compared to much smaller exchanges.

So the bot trading for volume appears to be a bait and switch. It damages the credibility of the exchange. It is a horrible business model because it doesn't work except (possibly) in the short term and it makes the trader feel deceived. And it cements the loyalty to exchanges that do not have/use such tactics.

I would not ask you to change your API and bot trading policy. It is important for traders to experience the difference between trustworthy and untrustworthy trade volume.

If you want to see Volume Bot trading take a look at some of the antics happening on YObit.  Scam coins are pumping there daily in the 100's of BTC.

Helps pick out the wheat from the weeds...

[pc888]

Right now is a great time to buy $BTA, here is why:

1/ Plan to change to POS
2/ Price is low and BTA is available across a numbers of exchanges - decentralized
3/ Long and fair POW distribution process - over one year
4/ Solid plan for future development of Barter system.

Your support now will be rewarded with future developments.