t.hanks Poloniex and Bittrex Bots

>>2779953
>believe
So not a shred of evidence.

>>2779961

not true. there's actually been evidence of bots manipulating the market recently. ofc you'd know this if you didn't have your head up your ass

>>2779961
doesnt mean it doesnt happen. none of the exchanges are regulated so they can literally do whatever the fuck they want.

(start at 3:50)
https://youtu.be/6yEiSbBtTYo?t=3m50s

>>2779953
my bots are good boys
my bot dindu nuffin

you are human and smarter . why scare bots ? are you snails ?

Those bots can be identified this way.
You see low volume buys so for example 12 coins buys or 8 or 16, really low. say at 200 sats in a coin. when you place a buy order at 201 sats for the same coin with say 300 coins that you want to buy, the bot immediately places another low buy order just 1 or 2 sats above your buy order. They do this until a certain price. Same goes for when you want to sell your coins, bot auto places sell order immediately 1 or 2 sats below your sell order.
This needs to stop cause it is screwing up everybody.

All bankers need to do is, buy everytime someone is selling undervalue coin, when they have complete control over the market then they crash it

muh bankerless crypto is to susceptible to bots and bankers. They can crash this plane without survivors anytime they like once they hold a fair amout of market share

they are doing it now and crypto is ded

Keep in mind that ANYONE can write a bot, and the whole trade history is visible to anyone

What I mean is there's no point in an "internal" bot because all trade data is already public. It's not exclusive. What an internal bot could do is monitoring people's deposits, though.

>>2780320
that's probably just a market making algorithm. As anyone else I don't if there's any insider trading but the prices downfall is not too strange given the circumstances, it's stanger the sudden increase a few months ago

>>2779953

>its a "the market is being manipulated by buying and selling" episode

hurr durr

Bots make sense, but then the guy goes on to argue anyone concerned about government involvement is a black marketer.

You have to be living under a rock to be unaware of the historically low levels of institutional trust these days, and cryptocurrency is bound to have larger representations of these people.

>>2780721
>ANYONE can write a bot
This. You can make a bot by just copy-pasting shit from google in couple of days, even if you are a turbo retard.

>>2780824
obviously having bots is fine but internal trading is a whole different issue since they can make coins out of nothing

>>2780862
What you call internal trading is really just market making. And are those orders posted by the exchange? It literally doesn't matter. Maker orders for traders with high trade volume are completely free.

We don't need less bots. We need more of them, especially market making bots so the exchange can be more liquid. Don't come cry me a river if you can't "beat the bot". The API is public and anyone can use it. You got owned in a free market fair and square.

Stock market and forex is also shit full of bots an HFT. Doesn't matter.

>>2780320
True fucking that!!! I place an order at Lets say 200sat and literaly 0.1s after me theres a 201sat order!

>>2780320
I know that bots are jewy and ruin it some time specially the arbitrage bots with huge sell and buy walls that move all time as seen with Monacoin on bittrex.
But then, I don't think anything should be done against them. They aren't cheating the exchanges or breaking any rules other than being a bot.

>>2779972
>>2779981
If the manipulators are just third-party actors like you and me, there's nothing wrong with that, it's part of the game

If a major exchange creates fake coins on its balance, it's much more serious. But they have to be really dumb to do that.

>>2780320
Those are just third-party bots

Checking the price, cancelling and re-submitting orders is done very easily through API provided by every exchange.