Your bot could place orders at any pair.
This includes buying some shitcoin you are selling with an other account, basically to dump your shitcoin onto your 'customers' without influencing the price.
Dont't mind me, i'm just trying to clear some things up.
1. Bitmex is not a peer-to-peer exchange. You're buying CFD's there.
2. Supported Cryptocurrencies on BitMEX
Bitcoin (XBT)
Cardano (ADA)
Bitcoin Cash (BCH)
Ethereum (ETH)
Litecoin (LTC)
EOS Token (EOS)
Ripple (XRP)
Which one of that is considered a shitcoin? Which obviously must be one with low volume / marketcap.
Actually i can't see any fraud going on here (didn't test it).
As long as the API keys have no permission to withdraw funds AND the potential customer is fine with eventually dealing any of the supported coins, there is no problem. I've tried lots of bots in the past, so i guess i can add some kind of competence here.
Correct me if i'm wrong, i'm just trying to be constructive.
I'm not related to this project, i just want fairness for any forum member.
Points from @bob123 that i can relate to:
- You require high initial investment
The more people using the same strategy, the lower the profit for an individual.
That's how the market works.
Thanks for pointing out! The guy seems to have some kind of obsession with my project but he's clearly lacking knowledge in the space. Any trader that's reading this can confirm it.
I even said to him a couple months ago to test the bot with 100/50 $ but refused.