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Author Topic: DO NOT SELL TO BOTS OR BUY FROM BOTS  (Read 3425 times)
Tasty Champa
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August 03, 2011, 03:42:05 AM
 #1




Right Now. as soon as you buy, the price will drop.
when a person buys, it's a bot selling.
if that happens, the bot has to make the price lower,
so it can buy more.

so right now, buying is always a loss to the buyer.

therefore, do not sell to or buy from the bots.

Wink



so far, there have been several people who have publicly stated using Bots.
You have been been logged and today, you are now targeted.
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evolve
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August 03, 2011, 03:47:45 AM
 #2

i use a bot. log me. target me. whatever.  Grin
tysat
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August 03, 2011, 03:50:40 AM
 #3

so far, there have been several people who have publicly stated using Bots.
You have been been logged and today, you are now targeted.

Targeted for what?
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August 03, 2011, 03:55:17 AM
 #4

So, uh, how exactly does the bot "make the price lower"?  Can you think of any way to do it that doesn't involve reducing their asking price?

If you've made it this far, can you think of a strategy to counteract this type of bot?

Oh, and feel free to add me to your list.  My bot doesn't act at all like your paranoid hallucination, but it is a bot.

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August 03, 2011, 11:06:07 AM
 #5

from what i've heard, bitcoin bots don't perform much better than buy and hold.

anyone know a good one?

Set up the same thing..
http://bit.ly/btcrefs
Get more bitcoins.
wumpus
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August 03, 2011, 11:20:16 AM
 #6

Do not trade with bots?

A trade embargo, that's how it starts...  seems the preparations for the first Luddite war are underway  Grin

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Tasty Champa
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August 03, 2011, 11:27:43 AM
 #7

It's not some form of luddite revolution, it's a very quiet refusal to give these adolescents anymore money.
remove the buys, and set the sells very high.
time for the humans to walk away time for the humans to close the doors.
kokjo
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August 03, 2011, 11:39:52 AM
 #8

STFU! just because you are too dumb to make your own bot, it does not mean that other may not make bots.
if you really want to see how many people who care about bots, go make your own exchange, where you make it hard for bots, by writeing random letter from a picture.

you have no right to tell me what to do, and what not to do. i buy from bots when i want to.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
Tasty Champa
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August 03, 2011, 11:40:54 AM
 #9

STFU! just because you are too dumb to make your own bot, it does not mean that other may not make bots.
if you really want to see how many people who care about bots, go make your own exchange, where you make it hard for bots, by writeing random letter from a picture.

you have no right to tell me what to do, and what not to do. i buy from bots when i want to.

I was hoping you would reply. xD
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August 03, 2011, 11:42:34 AM
 #10

STFU! just because you are too dumb to make your own bot, it does not mean that other may not make bots.
if you really want to see how many people who care about bots, go make your own exchange, where you make it hard for bots, by writeing random letter from a picture.

you have no right to tell me what to do, and what not to do. i buy from bots when i want to.

I was hoping you would reply. xD
now i did.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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August 03, 2011, 11:56:40 AM
 #11

if that happens, the bot has to make the price lower,
so it can buy more.
You have it backwards, you have to make the price higher so you can buy more. If I buy at $10 and then want to buy more, I have to offer more than $10. If there were any way I could buy at $10 or less, I would already have done it.

I am an employee of Ripple.
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kokjo
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August 03, 2011, 12:02:09 PM
 #12

if that happens, the bot has to make the price lower,
so it can buy more.
You have it backwards, you have to make the price higher so you can buy more. If I buy at $10 and then want to buy more, I have to offer more than $10. If there were any way I could buy at $10 or less, I would already have done it.
no offence but i think that you got it backwards...
if i have $10.
and i place a bid at $10 for 1btc, i get 1 btc
now if i want to have more btc i would lower my price to $9 and get 1.11 btc, of cource than my order would not be filled.

this is likely just to be a misunderstanding...

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
JoelKatz
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August 03, 2011, 12:05:52 PM
 #13

no offence but i think that you got it backwards...
if i have $10.
and i place a bid at $10 for 1btc, i get 1 btc
now if i want to have more btc i would lower my price to $9 and get 1.11 btc, of cource than my order would not be filled.
I can't follow what you're saying. If you lower your price, you will buy fewer BTC. If you want to buy more, you have to raise your price. The higher your price, the more sellers you can buy from and therefore the more bitcoins you can buy. If you buy all you can at $10 and wish to buy more, you have to offer more than $10. (Or wait for the market to change on its own.)

I am an employee of Ripple.
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kjj
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August 03, 2011, 12:10:12 PM
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no offence but i think that you got it backwards...
if i have $10.
and i place a bid at $10 for 1btc, i get 1 btc
now if i want to have more btc i would lower my price to $9 and get 1.11 btc, of cource than my order would not be filled.
I can't follow what you're saying. If you lower your price, you will buy fewer BTC. If you want to buy more, you have to raise your price. The higher your price, the more sellers you can buy from and therefore the more bitcoins you can buy. If you buy all you can at $10 and wish to buy more, you have to offer more than $10. (Or wait for the market to change on its own.)

Right Now. as soon as you buy, the price will drop.
when a person buys, it's a bot selling.
if that happens, the bot has to make the price lower,
so it can buy more.

The bot is selling to you, and then using some sort of magic to drive the price lower so that it can buy more to sell to the next guy.  It is essentially a short, but without borrowing.

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kokjo
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August 03, 2011, 12:12:46 PM
 #15

no offence but i think that you got it backwards...
if i have $10.
and i place a bid at $10 for 1btc, i get 1 btc
now if i want to have more btc i would lower my price to $9 and get 1.11 btc, of cource than my order would not be filled.
I can't follow what you're saying. If you lower your price, you will buy fewer BTC. If you want to buy more, you have to raise your price. The higher your price, the more sellers you can buy from and therefore the more bitcoins you can buy. If you buy all you can at $10 and wish to buy more, you have to offer more than $10. (Or wait for the market to change on its own.)
it was a misunderstanding. Smiley you are thinking that we have enough funds, and don't really care about the price.
well yes the market price will rise when you buy, and therefor if you want to buy you need to set a higher price.

but again if you only have $10. you will get more btc when you buy at 9 instead of 10.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
JoelKatz
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August 03, 2011, 12:20:01 PM
 #16

but again if you only have $10. you will get more btc when you buy at 9 instead of 10.
If you had the choice between buying at 9 or buying at 10, you'd buy at 9 no matter what.

I am an employee of Ripple.
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kokjo
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August 03, 2011, 12:27:44 PM
 #17

but again if you only have $10. you will get more btc when you buy at 9 instead of 10.
If you had the choice between buying at 9 or buying at 10, you'd buy at 9 no matter what.
not always... if it was on a exchange then yes.
but if a friend wanted to buy from me in person at 10, even if he could buy at 9 in an exchange. he would buy it at 10.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
JoelKatz
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August 03, 2011, 12:31:44 PM
 #18

not always... if it was on a exchange then yes.
but if a friend wanted to buy from me in person at 10, even if he could buy at 9 in an exchange. he would buy it at 10.
Sure. Also if someone put a gun to your head and said "buy these bitcoins for $10 each", then you would probably pay the extra dollar too.

I am an employee of Ripple.
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kokjo
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August 03, 2011, 12:35:45 PM
 #19

not always... if it was on a exchange then yes.
but if a friend wanted to buy from me in person at 10, even if he could buy at 9 in an exchange. he would buy it at 10.
Sure. Also if someone put a gun to your head and said "buy these bitcoins for $10 each", then you would probably pay the extra dollar too.
sure i would, i might also pay the one dollar more, if they performed torture on somebody i care about.

i really love derailing this useless thread, do you too?

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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August 03, 2011, 12:44:37 PM
 #20

I'm part of the anti-bot movement.

We all agree to bitcoins stage of infancy.  Having bots manipulating the market is bullshit and should be looked down upon. 

Just because you can download some hacks for a game doesn't make it the right thing to do.
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