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P4man (OP)
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February 12, 2012, 12:12:17 PM |
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If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
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bulanula
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February 12, 2012, 12:15:15 PM |
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No. It is called "stable market"  |
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P4man (OP)
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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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BTCurious
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February 12, 2012, 12:44:41 PM |
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C'mon guys, let me have my fun! Sometimes I like playing ping pong  |
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Qoheleth
Legendary
 Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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February 12, 2012, 02:05:42 PM |
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No. It is called "stable market" I've never seen a stable market that looks like that. |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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February 12, 2012, 02:19:57 PM |
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Looks like a Bandsaw. Bitcoin sent has increased to .4M in last 24H. Difficulty factor at 1,379,647 and climbing. I smell rally.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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rebuilder
Legendary
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Activity: 1615
Merit: 1000
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February 12, 2012, 02:24:34 PM |
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Someone has a bot that sometimes trades very small amounts back and forth. How was the volume for that period?
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Selling out to advertisers shows you respect neither yourself nor the rest of us.
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Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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YoYa
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February 12, 2012, 02:36:37 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.
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bulanula
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February 12, 2012, 02:42:26 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  |
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YoYa
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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 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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RandyMarsh
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February 12, 2012, 02:58:25 PM |
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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 |
Stan?! STAN?!?!
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CombustibleLemon
Newbie
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Activity: 34
Merit: 0
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February 12, 2012, 05:34:53 PM
Last edit: February 12, 2012, 10:06:43 PM by CombustibleLemon |
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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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bittenbob
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February 12, 2012, 05:38:08 PM |
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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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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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February 12, 2012, 05:42:08 PM |
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 means BUY!!!! |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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teflone
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February 12, 2012, 06:02:44 PM |
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Its a barcode..
scan it, it says PWNED...
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teflone
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February 12, 2012, 06:07:11 PM |
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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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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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February 12, 2012, 06:12:44 PM |
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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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GeniuSxBoY
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February 12, 2012, 06:58:22 PM |
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FOR THE LOVE OF GOD MAKE IT STOP
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Be humble!
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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February 12, 2012, 06:59:13 PM |
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FOR THE LOVE OF GOD MAKE IT STOP
It's pretty clever. I'm sure it's fucking with some traders' heads. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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February 12, 2012, 07:01:25 PM |
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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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