Post
Topic
Board Speculation (Altcoins)
Re: How to fight the BOTS (and win)
by
TheWolf666
on 31/08/2017, 05:29:26 UTC
@TheWolf666
Wouldn't it be better instead of a website to develop a bot that uses your strategy and that hunts the trading-bots? Maybe opensource so everyone could adjust it incase the bots strategy changes?

That bot automatically does your manual steps automatically and logs all important transactions. If smth. like you said happens (a smaller order is entered within seconds) the bot just saves it in a log file with all informations (which coin, which amounts, what date what time and so on). The log is  published on a website and if someone thinks of investing in a coin he/she can check on your website if the market might be controlled by one or more bots. The new bot network (if alot of people have your bot running) could get you more accurate results like at what times are the trading-bots most active.

I mean through that you could check many coins at a fraction of the time. Plus you could even implemend your bot and sell/give it to new coins as a unique feature to avoid bots. EDiT: Or switch to the dark site and let people pay you so you don't check certain coins.

The bots name would be "coincontrol" - yes I already figured that out in my fantasy haha

I cannot do a "BOT" that is doing that because I would have to use the exchange API and my bot will not be liked by the exchange. They will certainly cancel my API access.
Also I want to make a shield not another warfare tool. The idea it to make excessive BOT usage a problem, because if investors are aware of the level of rigging, they will likely stay away from the bad coins.

My system will accept low level of botting in its ranking, bot used to animate the markets are not a thread. But rigging the market will probably rate the coin as junk, and leave the bot playing alone losing money while investor are spending elsewhere.

Also the system will detect changes in the market and warn the members of these changes, dumps or rally will be notified as well as change in the 'quality' of the coin - if the bots are less aggressive, or disabled, or overflowed by investors for some reason.