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Author Topic: WTF?  (Read 590 times)
the joint
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August 29, 2011, 11:12:59 PM
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Just got back from work.  Can anyone explain to me why that 1 1/2 hour long section of Mt. Gox Live looks like a fucking comb?  /\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\

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322i0n
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August 29, 2011, 11:22:37 PM
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I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.

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the joint
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August 29, 2011, 11:29:13 PM
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I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.

Seems like a dumb idea with the transaction fees?  Wouldn't they lose $ on every single one of those?

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August 29, 2011, 11:35:28 PM
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I watched that happening a few hours ago. it looked like a bot trading with itself or with another bot. it managed to shift the price upwards a bit then there was a small up turn followed by a dump. not sure if that was all orchestrated or someone took advantage of the slight lift. it was very odd anyway.

Seems like a dumb idea with the transaction fees?  Wouldn't they lose $ on every single one of those?
the initial trades were fractions of btc. from what i can remember the volume was around 50 btc. the rally that followed it was genuine. the volume that was dumped was around 5000 btc. like I said don't know if it was planned or just fortuitous circumstances for someone who had 5000btc to drop.

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