Who's the manipulator with the huge sell wall?!?
bot?
trex is all about having trade bot doing the job
IMO it's well known Bittrex has bots on every coin and
the objective is to get enough coins first of all to control the "Momentum".
Once that's achieved they then have the ability to guide the price
and price range at near will.
At times however you can force the price out of their bots control.
Sometimes with violent payback but such is life.
Kinda sucks that CC's are subject to the very manipulation and control
that Satoshi Nakamoto was driven to eliminate with the invention of Bitcoin.
If you ask me the banksters are manipulating Bitcoin and the alts to
secure their future since it is a real threat.
Hi,
I would like to make it clear that none of the Bittrex team members utilize bots on the exchange. We do however, have an API that has 100s of users hitting it with their own bots. Any new market we add can be hit by these bots almost instantly depending on how the bots are coded.
Thanks,
Ryan @ Bittrex
Ryan,
Much Respect.
This is good for the Bittrex Community to know.
Of course we hope the employees buddies are not the main users of them.
You do realize for Bittrex's benefit and even for it's existence it may
be prudent/the right thing to do to set some limitations on IP addresses using
these Bots or it may actually soon reach the point whereby the
existence of Bitcoin and ALL the Alt Coins themselves become dependent
on Bots being completely done away with.
Of course THEY can always put people at the accounts but
that's going to cost them and slow them down as any manipulators can
be algorithmically Identified and penalized.
I'm not the only one who sees all is not well...
Sincerely,
MM
We are still looking into ways to help negate the bot abuse, much deeper order books will be coming soon. There are some other things we're looking into as well.
The problem is there will always be bots, the stock market is actually ran by a ton of bots, the problem is coins don't have as much liquidity right now as the big stocks, therefore one person with a lot of money can pump the coin and dump. There's not much we can do about that, that can be done even without bots.
We'll keep working on making things better.
Thanks,
Ryan @ Bittrex
