[2017-03-27] You Might Be Exchanging Bitcoin With Trading Bots and Not Even Know

[Gembul]

News Bitcoin - You Might Be Exchanging Bitcoin With Trading Bots and Not Even Know It

Cryptocurrency trading isn’t easy, but there are many people who have honed the art of trading bitcoins and altcoins on a daily basis. Interestingly enough, most people don’t realize that many cryptocurrency traders use trading bots to execute trades faster and more efficiently, and sometimes even in their sleep.

Lots of bitcoin traders use trading bots to perform quicker trades than humans can naturally process by themselves. Trading bots became popularized in the cryptocurrency environment years ago, with the infamous Mt. Gox “Willy & Markus” bots back in 2013. These alleged bots were accused of pushing the price of bitcoin up faster than a natural bull run. However, bots are not necessarily bad tools and they have been used in computational trading since the seventies. They are called bots because the programs execute trades like humans do, but they do it autonomously and can operate continuously without having to rest.

READ MORE >>> https://news.bitcoin.com/might-exchanging-bitcoin-trading-bots-not-even-know/

What do you think about this guys?

[1715468697]

1715468697

[Foxpup]

Interestingly enough, most people don’t realize that

That is indeed interesting, since I was under the impression that most people did realise that. Is this really news?

[TraderTimm]

Its guaranteed if you traded on a Chinese exchange that you traded with a bot. On other exchanges, still probable, but not to the extent it was on Chinese Bitcoin exchanges though. They pumped the living hell out of their volume using ping-ponging bot tricks, since there were no fees for trading and their infrastructure allowed it. After the PBoC crackdown, you are seeing what is close to "real" volume now. Its pretty hilarious.

[cr1776]

Given it happens on many non-bitcoin exchanges, is this surprising?  But, is it even relevant? Probably not.