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Author Topic: Automated trades  (Read 493 times)
SilverLining
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September 19, 2011, 12:09:59 PM
 #1

Just noticed what looks like automated buying and selling:

http://s4.postimage.org/5ykk1dlad/algo2.png

The bot is buying 0.01 every transaction

Surely this would just lead to being eaten away by the commission...

unless...

the bot is run by mtgox = no commission

or perhaps

it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission.
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SilverLining
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September 19, 2011, 12:27:22 PM
 #2

Hmmm

looks like the amount is dropping over time

at this rate it will be at 0 by about 13:33

http://s2.postimage.org/rjd9ef0ry/trades.png
kjj
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September 19, 2011, 03:55:41 PM
 #3

Just noticed what looks like automated buying and selling:

The bot is buying 0.01 every transaction

Surely this would just lead to being eaten away by the commission...

unless...

the bot is run by mtgox = no commission

or perhaps

it is the bitcoinica bot and can afford to do it because the spread there is wider than the commission.


ZOMG!  Conspiracy!

Oh, wait.  5.01901 * 1.0025 * 1.0025 = 5.044136, and these were at 5.04643, for a miniscule profit, after fees.

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btcmsg
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September 21, 2011, 12:59:20 PM
 #4

interesting.
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