BTCD is no more

[jl777]

pushed a version that displays a simple debug HTML at http://127.0.0.1:7777
I cant quite test it as I cant build the mac wallet with CORS support yet, but at least it looks like it should work

it will look for the html files in a html directory relative to where SuperNET is run from.

James

[1714920844]

1714920844

[1714920844]

1714920844

[1714920844]

1714920844

[1714920844]

1714920844

[1714920844]

1714920844

[1714920844]

1714920844

[jl777]

I confirmed there is a bot or trader that is pushing the price down. As a seller, you want the highest price, well at least if you are not trying to manipulate the price. So if there is a bid at X and ask at Y, maybe you would put in an ask just below Y. But our bot is putting it just above X.

What this does is create a constant downward pressure as logical buyers see the lowest ask drop so near the highest bid, they pull their bids back.

And the cycle repeats. So at the cost of a few BTCD at a bit lower than market price and over a week, you can push the price down quite a bit. I think I will do something about this

James

[satoutaka6612]

great sequence of buy orders of bittrex 

Well, in x11 mining of bitcoindark.ca, I'm time you lose sight of the connection is large, is my environment is the cause?

[ShortBTCD]

Decent little 70% pop there.

[bitkokos]

And i were waiting for it to drop to 0.0035 NOOOOOOO!

me too. I have also set a higher sell order and low buy order. I sold at 0.006 and price went to 0.0085 LOL

[criptix]

50% spread where da fuck is the bear whale when you need him

[jl777]

did I mention I am pretty sure I will get a telepathic teleport working over SuperNET today?

James

[jl777]

bittrex is not allowing me to put in bids
I am able to put in any sell, but not bids
my orders appear in the "your orders" section and then just disappear as if I cancelled them

the steady drop due to bots pushing the price down and also "bugs" with placing bids...
maybe I am the only one with problems placing bids?
if not, then, well, conspiracy theories abound

James

[Cassius]

Curiouser and curiouser. Anyone have different experiences or a hotline to Bittrex?
Telepathic teleport and an explanation for the brutal downtrend. This is why we hodl.
I hope CECVW is reading.

[nwfella]

Just allowed me to place a small buy order for BTCD on bittrex.

[JimmyJones]

did I mention I am pretty sure I will get a telepathic teleport working over SuperNET today?

James

Thats freaking awesome news!!!

Hodl the line folks the finish line is in site, then the dividends will really kick in  

[bitkokos]

Just allowed me to place a small buy order for BTCD on bittrex.

it doesn't allow me to sell on bittrex

[jl777]

Just allowed me to place a small buy order for BTCD on bittrex.

figured it out
there is an "immediate or cancel" mode that seems to be a new feature and somehow it got selected
so no bittrex conspiracy, just my not noticing the new button

[nwfella]

Just allowed me to place a small buy order for BTCD on bittrex.

figured it out
there is an "immediate or cancel" mode that seems to be a new feature and somehow it got selected
so no bittrex conspiracy, just my not noticing the new button

lol...ok, selling my lil stash of btcd because of this one comment alone!  /*kidding of course*/

[satoutaka6612]

I saw for the first time in many years the dance of joy in bittrex.

More big dance, convinced that waiting in the second half more !!

arigatou ^^

[bitkokos]

I saw for the first time in many years the dance of joy in bittrex.

More big dance, convinced that waiting in the second half more !!

arigatou ^^

^_^

[crackfoo]

The latest shift for the BitcoinDark multipool paid out over 60 BTCD.

Cheers!

[jl777]

There is a bot that is ACTIVELY manipulating the price.
quite effectively too.
If you look at the price on bitcoinwisdom, you will see that there is a pretty even spread of asks all bunched together, within 10 satoshis!

About 5 BTC. This makes a barrier and also crowds out the orderbook so you cant see what is really going on. It is also chaging things several times per second to create the impression of a lot of activity. What it does is pushes the price down by clearing out small bids and making lower and lower asks.

Earlier there was about 10 BTC in 30+ orders around .0049 and 3 BTC between that and .008

So, there is no investor panic going on. It is just one guy running a bot. And he is doing this on many different coins.

His game is this.

Have the bot on bittrex and cryptsy, but run just one of them at a time. Create some FUD push the price down on one (easier to create fear, especially in a bear market) then as people get convinced everybody is selling, they start selling. Remember this is just happening on one market. So soon the sell price on one exchange is lower than the buy price on the other exchange where the bot is idle. Guaranteed profits! Then the bots switch.

so first one exchange price is pushed down. arbitraged, then the other. Doing this it creates these mysterious price declines as we are making such good progress. All the way down to .005! But there was really very little for sale below .008 as this operation is being done on dozens of coins, so only so much budget per coin.

Now this bot is not caring about price at all. Whatever the price is, it just picks the exchange with the lower price, pushes is down until it can arbitrage. The arbitraging evens the price out and then the pushing starts again. Now this bot stays away from even a 1 BTC wall from what I have seen and certainly anything larger it stays about 10% away from. However if there is no big wall, it happily startings pushing the price down, even filling some orders if they are small enough.

These bots are probably on autopilot, so that means a clever person will be able to trick the bot.

tl:dr now that whale dumper is gone, recent price decline is caused by one guy's bots and a few BTC wall will keep it at bay. Maybe we can come up with a way to beat it and win 1 BTC per day from it. then it will certainly go away

James

[jl777]

Not sure, but now that the bot is low on BTCD, it seems to be starting operations on the bid side. so maybe it works both directions?!

That would make sense. When it runs out of ammo, it has to reload. Now that the price has broken all the technical analysis downtrend indicators with a strong uptrend, maybe the bot will just start pushing the price up for a while.
I havent paid much attention to the price last couple months and this annoying bot wasnt around then.

after all this battling the bot, I need to rest for a bit before debugging the last part needed. telepathic transfers used to work, but I must have made some change along the way, but too tired to remember what it was. Shouldnt be too hard to find and fix. I got the teleport all happy on the send side, so once the telepathic send works, the final piece of the puzzle is the receiving and properly processing the telepod. The reception used to work, but probably got disconnected along the way too.

James

[Cassius]

Well, this explains a lot. Just like Willy pushing BTC prices up on Gox. An anti-Willy bot... 'Wally'?
Are there any alts that haven't suffered a Wallying - is this personal or just someone making money off the whole alt market indiscriminately?