Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[jertsy]

How do bots equate to fake trading? These days people trade with bots. In regards to Bitstamp.. I just got $15 of fee credit for free. I think they're handing out party flyers.

I haven't logged into my Bitstamp account for ages. I'll have to log in and find out if I've been given any free fee credits. They occasionally have a month with no trading fees. Free fee credits might be a cheaper way of tempting people to trade there. I don't think ordinary traders using bots is fake trading but if an exchange with fees uses its own bots to make trades without paying any fees, then it's fake trading to make it appear that exchange's volume is higher than it actually is.

[JayJuanGee]

How do bots equate to fake trading? These days people trade with bots. In regards to Bitstamp.. I just got $15 of fee credit for free. I think they're handing out party flyers.

I haven't logged into my Bitstamp account for ages. I'll have to log in and find out if I've been given any free fee credits. They occasionally have a month with no trading fees. Free fee credits might be a cheaper way of tempting people to trade there. I don't think ordinary traders using bots is fake trading but if an exchange with fees uses its own bots to make trades without paying any fees, then it's fake trading to make it appear that exchange's volume is higher than it actually is.

I agree with you regarding differentiating kinds of bots and kinds of volume.

I got one of those $15 e-mails, too.. like CoinprOn.  I think that they are trying to entice people with dormant or semi-dormant accounts to get into the habit of trading..... NONETHELESS $15, even though it is larger than $0, will NOT go very far..

[esse83]

Another 22k volume 3m bar over at OKCoin - this time it moved the price 0.0 (maybe 0.2) yuan.

 

[ChartBuddy]

Coin
Explanation

[jertsy]

Another 22k volume 3m bar over at OKCoin - this time it moved the price 0.0 (maybe 0.2) yuan.

 

The Coinmarketcap Bitcoin markets page has a special category at the bottom of the page for markets with no trading fees. Any of those markets are denoted with * to signify "Volume Excluded - No Trading Fees". The OkCoin Intl.   BTC/USD market has fees and is included in Coinmarketcap's volume calculations. The OKCoin.cn   BTC/CNY market has no fees, and is excluded. Its volume is more than ten times higher than the market with fees today.

OkCoin Intl.   BTC/USD   $ 1,341,280   
OKCoin.cn   BTC/CNY   $ 25,663,300 *

http://coinmarketcap.com/currencies/bitcoin/#markets

Any markets without fees are a joke for calculating volume from, and thankfully Coinmarketcap ignores them all.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

Coin
Explanation

Someone is taking the piss with this finex wall. It's no longer manipulation. They're doing it for the lulz.

[esse83]

Another 22k volume 3m bar over at OKCoin - this time it moved the price 0.0 (maybe 0.2) yuan.

 

The Coinmarketcap Bitcoin markets page has a special category at the bottom of the page for markets with no trading fees. Any of those markets are denoted with * to signify "Volume Excluded - No Trading Fees". The OkCoin Intl.   BTC/USD market has fees and is included in Coinmarketcap's volume calculations. The OKCoin.cn   BTC/CNY market has no fees, and is excluded. Its volume is more than ten times higher than the market with fees today.

OkCoin Intl.   BTC/USD   $ 1,341,280   
OKCoin.cn   BTC/CNY   $ 25,663,300 *

http://coinmarketcap.com/currencies/bitcoin/#markets

Any markets without fees are a joke for calculating volume from, and thankfully Coinmarketcap ignores them all.

Guess its okay to fake volume then. My bad, sorry.

[hdbuck]

[Auxi]

We are rising again, yeah 

[ChartBuddy]

Coin
Explanation

[Callahan]

Finex is strong today

[ChartBuddy]

Coin
Explanation

[rjclarke2000]

Why is everyone so excited on the forum?

Bull run etc....blah blah


Still same old 230-240.

Have I missed something?

[Fatman3001]

Why is everyone so excited on the forum?

Bull run etc....blah blah


Still same old 230-240.

Have I missed something?

paul2000 has got some nice hopium for us:

= moon in november ?!

[ChartBuddy]

Coin
Explanation

[Globb0]

[Fatman3001]

                "Does not compute!"

[Fakhoury]

[BlindMayorBitcorn]

Why is everyone so excited on the forum?

Bull run etc....blah blah


Still same old 230-240.

Have I missed something?

paul2000 has got some nice hopium for us:

= moon in november ?!