[ANN][VIDEO DEMO] C.A.T. Cryptsy Automatic Trader (SecondBeta Auction END!)

[Sampey]

New topic : https://bitcointalk.org/index.php?topic=507103.0

[Mitchell]

I bid 0.2BTC

[alexxy]

0.22BTC

[miffman]

0.25BTC

[oswald]

shall we begin then 

0.26

[anto]

0.27 BTC

[Professor James Moriarty]

 0.3

[murraypaul]

Gain is guaranteed?
Yes, Gain is guaranteed by the Algorithm i've written

How can you possibly guarantee a gain?
If the currency value continues to drop after you buy, you can never sell for a gain.

[Mitchell]

Gain is guaranteed?
Yes, Gain is guaranteed by the Algorithm i've written

How can you possibly guarantee a gain?
If the currency value continues to drop after you buy, you can never sell for a gain.

He means gain in amount, not gain in value.

[murraypaul]

Gain is guaranteed?
Yes, Gain is guaranteed by the Algorithm i've written

How can you possibly guarantee a gain?
If the currency value continues to drop after you buy, you can never sell for a gain.

He means gain in amount, not gain in value.

That is pretty meaningless then, no?

[Mitchell]

Gain is guaranteed?
Yes, Gain is guaranteed by the Algorithm i've written

How can you possibly guarantee a gain?
If the currency value continues to drop after you buy, you can never sell for a gain.

He means gain in amount, not gain in value.

That is pretty meaningless then, no?

Not really if you ask me. Because the bot does exactly what it should do, get you more coins.

[murraypaul]

Not really if you ask me. Because the bot does exactly what it should do, get you more coins.

Surely the aim is to make money (measured here as number of Bitcoins).
A bot that accumulates increasing amounts of worthless altcoins isn't making you money.

[Mitchell]

Not really if you ask me. Because the bot does exactly what it should do, get you more coins.

Surely the aim is to make money (measured here as number of Bitcoins).
A bot that accumulates increasing amounts of worthless altcoins isn't making you money.

Well, if the bot does that then that is your own fault. You setup the bot and it will trade like you told him too.
You cannot held the bot responsible for price fluctuations.

[murraypaul]

Well, if the bot does that then that is your own fault. You setup the bot and it will trade like you told him too.
You cannot held the bot responsible for price fluctuations.

And I have no problem with that, the problem is with the ridiculous claim that it is guaranteed to produce gains.
No trading method is guaranteed to produce gains, measured against the base currency.

[Sampey]

Gain is guaranteed?
Yes, Gain is guaranteed by the Algorithm i've written

How can you possibly guarantee a gain?
If the currency value continues to drop after you buy, you can never sell for a gain.

Yes, Gain is guaranteed by the Algorithm i've written. BUT don't forget that price of alternative currency may change and your gain will be lost

[murraypaul]

Yes, Gain is guaranteed by the Algorithm i've written. BUT don't forget that price of alternative currency may change and your gain will be lost

Another way of saying that would be that gain is not guaranteed!
Gain is measured in money, ie Bitcoins.

[Sampey]

No,
if C.A.T. create and finish a Ping-Pong Transaction, Gain is guaranteed because the value of ping orders is lower than value of pong orders. This is Math.
PongOrder Value - PingOrder Value = X.  X is Always > 0, so X is GAIN.

If N hours later the alternative currency drops by 50% it's not C.A.T. fault. Sometimes currency will rise (see XPM during these hours)
These are factors not depending by C.A.T.

[murraypaul]

if C.A.T. create and finish a Ping-Pong Transaction, Gain is guaranteed because the value of ping orders is lower than value of pong orders. This is Math.

And what if it can't finish the ping-pong?
Prices are orders are moving all the time, and if that movement continues to be downwards, it won't be possible to complete the trade at a gain.
Of course if prices continue to move upwards (or to bounce in a defined range), you'll make a profit.

[Sampey]

When you end a ping order you have no gain and no loss, the value (at that precise moment) is the same

1 BTC Buy 100 AltCC == 1 BTC Value.
100 AltCC Sell for 1 BTC == 100 AltCC Value

and the most important things is that if the price will drop, C.A.T. will Wait.
I've run C.A.T. for 72 hours without stopping on market with trend of +/- 40%

[murraypaul]

and the most important things is that if the price will drop, C.A.T. will Wait.

... for the price to rise again.
Which assumes that it does.
Which is only true in a generally rising market.

I'm not attacking the general premise, and I'm perfectly prepared to believe that, in practice, it does make a profit.
But the 'guarantee' of gain is just wrong.
At the instant you open any trade by buying, you cannot 'guarantee' that there will ever be a willing buyer at a higher price than you paid.
You just can't.
At any moment someone could come along and dump a couple of Bitcoin into any altcoin market and trash it. At the volumes for most alt-coins are so low that they might never recover.
It is the wording I have an issue with, not the actual execution.