krach
Legendary
Offline
Activity: 1851
Merit: 1020
Get Rekt
|
|
July 02, 2014, 05:09:38 AM |
|
I think trade bots as well as API functionality should be removed. Whats wrong with just logging into a website to do your trading? It would give the markets a whole lot more stability when they aren't being manipulated by programmers. Not really. In fact some bots keep the market stable. Without bots 100% human, is 100% emotion. Then the swings are even worse! Do you trust placing a stop loss order at an exchange, they could easily "stop loss fish" your order.
|
|
|
|
Harley997
|
|
July 06, 2014, 07:38:18 PM |
|
I think trade bots as well as API functionality should be removed. Whats wrong with just logging into a website to do your trading? It would give the markets a whole lot more stability when they aren't being manipulated by programmers. Not really. In fact some bots keep the market stable. Without bots 100% human, is 100% emotion. Then the swings are even worse! Do you trust placing a stop loss order at an exchange, they could easily "stop loss fish" your order. Bots, generally will not be profitable for their owners, but that is not a reason to ban them from being able to be used. Bots are very similar to high frequency traders on the stock market, except they don't have the same advantages. High frequency trading does provide liquidity to the stock market.
|
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
|
|
|
profitofthegods
|
|
July 10, 2014, 08:51:33 PM |
|
I often feel that I would love to ban bots, or rather trade on an exchange which doesn't enable them through their API, but at the same time I feel guilty for wanting that because I don't want to be a luddite.
|
|
|
|
krach
Legendary
Offline
Activity: 1851
Merit: 1020
Get Rekt
|
|
July 10, 2014, 10:09:59 PM |
|
Traders , generally will not be profitable bot or no bot a bot is just a tool
|
|
|
|
snuppy
Newbie
Offline
Activity: 5
Merit: 0
|
|
July 11, 2014, 04:41:04 AM |
|
Traders , generally will not be profitable bot or no bot a bot is just a tool good tool which work 24/7
|
|
|
|
counter
|
|
July 13, 2014, 06:47:22 PM |
|
I really don't like the idea of banning things outright. I think the community needs to discuss and workout some from of regulations for proper use of a bot. I doubt all who use a bot use it to disrupt the market. I thnk that gives some form of standard that people can identify as proper use of a bot.
Obviously exchanges would have a good bit to add in this discussion if their was ever any real attempt to regulate the usage of bots.
|
|
|
|
iflash
Member
Offline
Activity: 69
Merit: 10
|
|
July 14, 2014, 08:27:49 AM |
|
Another regulation? Really?
Bitcoin was invented because we have too much regulation, not too little. If someone writes a bot, let him do so. I see no reason why this should be regulated/banned at all.
|
|
|
|
titulng
Sr. Member
Offline
Activity: 484
Merit: 250
HubrisOne
|
|
July 15, 2014, 05:41:23 AM |
|
It shouldn't be. Bots can liberate our time to do other things.
|
|
|
|
sandykho47
Sr. Member
Offline
Activity: 252
Merit: 251
Knowledge its everything
|
|
July 25, 2014, 05:07:28 PM |
|
I think it shouldn't banned hard to banned buy and sell stock, gold, oil. people often use bot
but there are way to decrease bot usage : - CAPTCHA every trading action - no shared API - trading limit
but remember, bot just a software. sometimes it can do something wrong
|
Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
|
|
|
jlaws
Newbie
Offline
Activity: 7
Merit: 0
|
|
July 26, 2014, 03:57:48 AM |
|
Bots usually play a conservative logical strategy that can be worked around or even used to your advantage if you figure out exactly what that strategy is by feeling one out. I think you'd have more to fear from the sort of conspiratorial manipulation of price perpetrated by well-funded small groups (sometimes even individuals) across all the major exchanges. They're responsible for the instability in most markets. The unreasonable highs and lows and constant swinging value of popular coins is mostly a product of their efforts.
|
|
|
|
polynesia
Legendary
Offline
Activity: 1358
Merit: 1000
|
|
July 26, 2014, 02:25:46 PM |
|
The break out in btc prices from $100 to $1000 is attributed to bots. Bitcoin has not gone back to $100 since then. So maybe, those 2 bots have benefited the bitcoin community after all.
|
|
|
|
Panthers52
|
|
July 26, 2014, 05:13:16 PM |
|
I think trade bots as well as API functionality should be removed. Whats wrong with just logging into a website to do your trading? It would give the markets a whole lot more stability when they aren't being manipulated by programmers. Not really. In fact some bots keep the market stable. Without bots 100% human, is 100% emotion. Then the swings are even worse! Do you trust placing a stop loss order at an exchange, they could easily "stop loss fish" your order. This is correct, however it is very possible to profit over other's fear and greed.
|
|
|
|
krach
Legendary
Offline
Activity: 1851
Merit: 1020
Get Rekt
|
|
July 26, 2014, 07:34:52 PM |
|
This is correct, however it is very possible to profit over other's fear and greed. trading 101
|
|
|
|
negafen
|
|
July 28, 2014, 05:25:19 AM |
|
Speculator and trading bot are needed for a healthy system.
|
|
|
|
polynesia
Legendary
Offline
Activity: 1358
Merit: 1000
|
|
July 29, 2014, 01:25:59 AM |
|
Speculator and trading bot are needed for a healthy system.
True.... Speculators, bots, anybody else is welcome.. As long as they don't affect market integrity.
|
|
|
|
worldinacoin
|
|
August 31, 2014, 01:37:58 AM |
|
I think we should leave this to demand n supply. There is no reason to block bot as much as it is to block HFT.
|
|
|
|
cryptofan5
|
|
August 31, 2014, 06:36:44 AM |
|
I think all financial industry is now very much automated with up to 90% of trades in forex and share market conducted using bots or EAs. You can't ban that. But of course each exchange can implement its own rules regarding using certain bots.
|
|
|
|
Sunbitch
Newbie
Offline
Activity: 45
Merit: 0
|
|
August 31, 2014, 09:13:49 AM |
|
hope it will be banned, i don't like bots.
|
|
|
|
Srbotones
|
|
August 31, 2014, 05:51:03 PM |
|
There are two bots that have been acting all day long in a very suspicious way. Or may be just one... buying and selling without any sense.
I suspect that the owners of those 2 bots are btc-e and their purpose is to money laundering. Every buy/sell order has their own fee...
In result BTC-e is having tons of free fees as a result of this bot/s.
I can only speculate on this information and there is really no evidence for this except we could access the BTC-e logs and examinate them.
|
|
|
|
Skoupi
Sr. Member
Offline
Activity: 252
Merit: 250
Skoupi the Great
|
|
August 31, 2014, 06:00:09 PM |
|
The majority of bots that's being used in bitcoin trading, use kindergarten level trading algorithms. The only people that would benefit from a ban is their owners...
|
|
|
|
|