who buys 0.01 BTC ?

[bbit]

I see a lot of 0.01 BTC buys on http://bitcoinity.org/markets  who does that?

[GreenBits]

could be test transactions, but it seems like market manipulation

[bbit]

could be test transactions, but it seems like market manipulation

I should have said that was on mt.gox I just realized it was defaulted on bitcoinity. Bitstamp doesn't seem to have it happening there...

[melon]

bots...trading bots

[bbit]

bots

you have a funny siggy ...

[melon]

should change it though...getting stale

[saif313]

what is this and why peoples crying about this

[bbit]

what is this and why peoples crying about this

I was just curious nobody is crying about it

[Cudahuda]

Arbitrage bots possibly?

[Lethn]

I'd say bots like a lot of other people, there's a lot of fuss about this on the usual stock exchanges etc. too and people claim that it's knocking out the small time investors.

[Kuroth]

Easy..  Run a Bot where you can set your Tick time to whatever you want(Instead of top of the Hour where all the manipulators play)..

Check out my Sig below for the best Trading bot around..  Made me $200 yesterday when BTC started to drop..      "Money For nothing and Chicks for Free"

[elor70]

Bots probably

[SnowDog2003]

It's just change that gets mopped up. When you put bitcoins up for sale on an exchange, or when you want to buy them, there is not a 100% match between what is being sold and what is being purchased. So if I am selling 110.09 bitcoins, and someone puts in an order to buy 110 bitcoins, then .09 bitcoins is leftover for the next purchase. That's all that's going on.

[monbux]

I'm guessing it's bots playing it safe.

[hayek]

bots

[geetee]

trading bots filling the space between significant buy and sell levels

[b!z]

possibly bots testing the market or playing safe.

[BitAddict]

I agree with trading bots.

[NewLiberty]

For an example: The bots push the last price to one or the other side of the bid/ask.  If you are a seller you want the last to show the ask, if a buyer you want to sell .01 so the last is the bid.
If you have a big transaction which is off-exchange but set at the exchange price and you can sell 0.01 on exchange to set the last to the buy price you can buy your coins cheaper.  So if you are watching these, it could be a contrary indicator.

[Luckybit]

I see a lot of 0.01 BTC buys on http://bitcoinity.org/markets  who does that?

People who want to buy a dollar. Not everyone is American or European and that 0.01 means something different in another country.