Who's bot? made mtgoxlive price line very thick, darn!

[Cluster2k]

The great thing about high frequency bitcoin trading is that MtGox offers an ideal playground for ideas to be tried and trading strategies tested.  See how the market reacts without losing significant amount of money in a market where there are very few rules and no enforcement.  It's great, for the person playing with their micro trading bit.

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[byronbb]

[runlinux]

heh, I have to laugh at that.

[proudhon]

I still don't understand the point of the 0.01BTC trade spamming.  Somebody help me out.  Why would I want to do this?

[RyNinDaCleM]

I still don't understand the point of the 0.01BTC trade spamming.  Somebody help me out.  Why would I want to do this?

I don't really care if someone wants to waste money doing this. But I it drives me crazy because it really bogs down my browser, and especially goxlive. It also seems to take 2 minutes+ to get an order to change from "in queue" to "active", and that can make a huge difference on large movements.

[notme]

I still don't understand the point of the 0.01BTC trade spamming.  Somebody help me out.  Why would I want to do this?

I don't really care if someone wants to waste money doing this. But I it drives me crazy because it really bogs down my browser, and especially goxlive. It also seems to take 2 minutes+ to get an order to change from "in queue" to "active", and that can make a huge difference on large movements.

Mtgoxlive is crap.  1 trade every second should be cake, let alone the 1 trade per 5 seconds we were seein when the bot was most active.  I have not noticed such long delays with orders, but then again I usually have my orders in place before large movements.  What price would it have to jump/fall to for you to trade?  Put an order in for that price and adjust further from the price if the price moves too close without spiking.

[RyNinDaCleM]

Mtgoxlive is crap.  1 trade every second should be cake, let alone the 1 trade per 5 seconds we were seein when the bot was most active.  I have not noticed such long delays with orders, but then again I usually have my orders in place before large movements.  What price would it have to jump/fall to for you to trade?  Put an order in for that price and adjust further from the price if the price moves too close without spiking.

I DO *usually* have my orders in, sometimes for days ahead of time. But, occasionally, there's still that time when you want to get that quick buy/sell in.
Agreed too that goxlive can suck, but it is a helpful visual representation of the current market conditions, and much easier to just glance across then the sea of orders in the book.

[notme]

It sucks, but it's what we have so far.  I use it every time I'm adjusting my positions, I just know it could be improved upon.  I'd write something myself, but I am busy working on a startup that will accept bitcoin as one of the payment methods.  Developing the merchant side of the bitcoin economy is the most fruitful endeavor right now IMHO.

[RyNinDaCleM]

It sucks, but it's what we have so far.  I use it every time I'm adjusting my positions, I just know it could be improved upon.  I'd write something myself, but I am busy working on a startup that will accept bitcoin as one of the payment methods.  Developing the merchant side of the bitcoin economy is the most fruitful endeavor right now IMHO.

Well, good luck with that! I hope to see something come from it. We ALL need it! 

[notme]

It will be a few months yet before you hear anything about it, but when we're ready, you'll be able to spend bitcoins to do something that millions of dollars are spent on every week in the US.  Of course, our site will be translation ready and we will have an affiliate program to help us grow outside this country.

[runeks]

I still don't understand the point of the 0.01BTC trade spamming.  Somebody help me out.  Why would I want to do this?

its costing my dumb bot a lot of money, lol.

I guess that settles the argument concerning motives .