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Author Topic: WTH? Someone playing ping pong?  (Read 2070 times)
P4man
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February 12, 2012, 12:12:17 PM
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February 12, 2012, 12:15:15 PM
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No. It is called "stable market" Grin
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February 12, 2012, 12:43:04 PM
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More like someone calibrating a price fixing bot. Or Mt Gox messing up:


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February 12, 2012, 12:44:41 PM
 #4

C'mon guys, let me have my fun! Sometimes I like playing ping pong Lips sealed

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February 12, 2012, 02:05:42 PM
 #5

No. It is called "stable market" Grin
I've never seen a stable market that looks like that.

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February 12, 2012, 02:19:57 PM
 #6

Looks like a Bandsaw. Bitcoin sent has increased to .4M in last 24H. Difficulty factor at 1,379,647 and climbing. I smell rally.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 12, 2012, 02:24:34 PM
 #7

Someone has a bot that sometimes trades very small amounts back and forth. How was the volume for  that period?

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February 12, 2012, 02:36:37 PM
 #8

Question for some of the more experienced here:

Can HFT be used to manipulate charts?

One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.
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February 12, 2012, 02:42:26 PM
 #9

Question for some of the more experienced here:

Can HFT be used to manipulate charts?

One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.

Don't tell me it is that boogeyman manipulator again Cheesy
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February 12, 2012, 02:55:27 PM
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Question for some of the more experienced here:

Can HFT be used to manipulate charts?

One possibility is that this trading is being done to set the indicators, and bitcoin is heavily traded on signals.

Don't tell me it is that boogeyman manipulator again Cheesy

Grrr!

Let me state outright that I do not subscribe to that bullshit.

Small cap market, easy for big players to make waves, more then one big player makes a market. Also, no more proof for the Manipulator exists on the movement of the charts then proof of God lies in weather patterns. Humans recognizing patterns.

But the original question remains, other then HFT being used as a means to accumulate/dump without moving price too much, can it also be used to tweak indicators?

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February 12, 2012, 02:58:25 PM
 #11

14:56:52   5.74000   0.0001
14:56:42   5.70000   0.0001
14:56:39   5.74000   0.0001
14:56:33   5.70000   0.0001
14:56:26   5.74000   0.0001
14:56:22   5.70000   0.0001
14:56:19   5.74000   0.0001
14:56:13   5.70000   0.0001
14:56:10   5.74000   0.0001
14:56:07   5.71604   0.0001
14:56:05   5.74000   0.0001
14:56:02   5.71604   0.0001
14:55:59   5.74000   0.0001
14:55:57   5.70000   0.0001
14:55:54   5.74000   0.0001

 Cheesy

Stan?! STAN?!?!
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February 12, 2012, 05:34:53 PM
 #12

I posted this somewhere else so I'll post it here too.

Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.

This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 cents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and the behavior runs for ten hours or so)

# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost

While this person has lost only about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located.  This will let them build their own chart of where the price is at any given moment regardless of whether the APi has pooped out yet again.

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February 12, 2012, 05:38:08 PM
 #13

This bot has been trading back and forth with 0.0001BTC back and forth is what is going on. I thought that was less than the minimum transaction size? Either way this is definitely someones bot causing this bandsaw effect.
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February 12, 2012, 05:42:08 PM
 #14



means BUY!!!!

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February 12, 2012, 06:02:44 PM
 #15

Its a barcode..

scan it, it says PWNED...

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You're fat, because you dont have any pics on FB


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February 12, 2012, 06:07:11 PM
 #16

I posted this somewhere else so I'll [pst it here too.

Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.

This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 bitcents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and runs for ten hours or so)

# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost

But while this person has lost about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located.  This will let them build their own chart of where the price is at any given moment regardless of whether the APi has popped out yet again.

Hmmmm, this is clever.  this could explain a lot...

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February 12, 2012, 06:12:44 PM
 #17

I posted this somewhere else so I'll [pst it here too.

Personally I think this is done because the Mt Gox API's are so shitty. During high volatility both Mt Gox Live and clarkmoody (which uses the mt gox ticker api) just plain shut down. Small trades would let you keep track of the current buy and sell prices at least.

This isn't really losing any money after all. Just watching it I see he trades about once every 6 seconds up, and six seconds later down. And the spread is about 3-5 bitcents. So assume one loss every 12 seconds times the amount traded times the average spread and multiply it by about 10 hours. (usually when I see this behaviour it is during high volatility and runs for ten hours or so)

# of losses per minute = 5 (ie 60/12)
# of minutes per hour = 60
Amount of trade = .0001
The spread of the trade or loss = .04
#of hours = 10
5 * 60 * 10 * 0.0001 * .04 = .012 US dollars lost

But while this person has lost about .012 US dollars, they are able to output their trades as a CSV and at least see where the buys and sells are located.  This will let them build their own chart of where the price is at any given moment regardless of whether the APi has popped out yet again.

Hmmmm, this is clever.  this could explain a lot...
Reality can be soooo boring.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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February 12, 2012, 06:58:22 PM
 #18

FOR THE LOVE OF GOD MAKE IT STOP
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February 12, 2012, 06:59:13 PM
 #19

FOR THE LOVE OF GOD MAKE IT STOP

It's pretty clever.  I'm sure it's fucking with some traders' heads.
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February 12, 2012, 07:01:25 PM
 #20

It is incredible MtGox allows volumes of 0.0001.

That’s a ten thousandth Bitcoin. I wonder how much fees they make off this?

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