An army of bots will paint the chart green!
On a more serious note, this looks like a great service for people that don't have enough time on their hands to check the price the whole day and/or get frustrated by setting their bids that eventually won't get hit (and thus having to set them again). How this will influence the market? Since the buying is more gradual it could reduce the volatility, which in general is a good thing. On the opposite, it could take away some liquidity from the bid side. So in conclusion, I am not really clear in what way this could effect the market, but atleast it's a good feature for the people that want to invest/buy for the long term.
i certainly hope it will help building up the bid side a little (it also places a buy-order for you below last price - only if this is not executed it will buy on your specified interval).it is inspired by usd-cost-averaging - which made some good returns in the early btc-days.
i will continue to develop it; if you have suggestions just tell us!
I read it a bit wrong, I thought it was always marketbuying the top asks. Anyway, now that the purpose of the bot is more clear, I think it's a good thing for the market. Let's see how this plays out.
PS: Cost-averaging is certainly a good strategy with such volatile assets like Monero. Market timing in "normal" markets is already hard, imagine trying it with Monero.