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Author Topic: ECN filled with self trading?  (Read 528 times)
pornluver
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July 12, 2017, 04:06:48 AM
 #1

https://novaexchange.com/market/LTC_ECN/

Huge buy and sell at just below the price I am selling. Huge volume large spread. What the fuck is this?

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amaral1977
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July 12, 2017, 01:23:17 PM
 #2

It could be some kind of automated trader. I see that sometimes on cryptopia. A big wall that almost instantly responds to new positions above it. I assumed that would be some kind of bot. Or someone with a lot of patience and time to spend looking at the order books

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Trnsmssn
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July 13, 2017, 10:36:55 AM
 #3

 I understand it's only for the cryptic Currensy exchange, how about Fiat currency / crypto currency exchange where can I find that in large volume?
pornluver
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July 30, 2017, 01:11:31 AM
 #4

It could be some kind of automated trader. I see that sometimes on cryptopia. A big wall that almost instantly responds to new positions above it. I assumed that would be some kind of bot. Or someone with a lot of patience and time to spend looking at the order books

I think so. But I really do not think it's normal bot. It's as if 2 people agree to create a sell order and another agree to buy it.

Say you create sell order for 15k
Someone would create a sell order at 14.9 and buy it quickly.

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July 30, 2017, 03:31:09 AM
 #5

It could be some kind of automated trader. I see that sometimes on cryptopia. A big wall that almost instantly responds to new positions above it. I assumed that would be some kind of bot. Or someone with a lot of patience and time to spend looking at the order books

I think so. But I really do not think it's normal bot. It's as if 2 people agree to create a sell order and another agree to buy it.

Say you create sell order for 15k
Someone would create a sell order at 14.9 and buy it quickly.



i am wary of these kinds of coins. yes i have seen that kind of trading even on other exchanges too. maybe they're wash trading (faking the volume).
i just looked up this coin and i saw on their explorer that 3 wallets own almost all the coins https://chainz.cryptoid.info/ecn/#!rich

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