Something my father fails to understand... nothing goes up forever constantly. When something sells off, it's not some grand conspiracy by manipulators... stop being so greedy.
Bots have as much right to be there as any other speculator trying to 'cash in' on ever increasing prices of bitcoin, and by that very nature they undermine it's use as a currency, because nobody is going to use something as a currency that fluctuates 10-20% on any given day. Wanting bitcoin to go to $10,000 is a greedy, selfish desire that does nothing to further crypto currencies... honest people can at least admit this and not hide behind this guise of wanting to 'escape the corrupt fiat system' or anything like that.
Good day profit mongers.
Bots have as much right to be there as any other speculator trying to 'cash in' on ever increasing prices of bitcoin, and by that very nature they undermine it's use as a currency, because nobody is going to use something as a currency that fluctuates 10-20% on any given day. Wanting bitcoin to go to $10,000 is a greedy, selfish desire that does nothing to further crypto currencies... honest people can at least admit this and not hide behind this guise of wanting to 'escape the corrupt fiat system' or anything like that.
Good day profit mongers.
Completely off-topic
off-topic ? i will say off-galaxy of earth...
Then you increase your fees to cover the user base, which in return would make bots more costly and reduce their use. Most bot programs operate on a small profit margin, but they are making so many trades that small margins add up to be gain. you reduce that margin they lose their big gain. Normal people and trades will barely be effected because they look for larger profit trades over a longer period.
And do You think if fees on Mt.gox will be 0,8% and there will be a way to use bots by API and there will be 0,1% fee on Bitstamp and there will be no way to run bot there. Where do You think people will run ?