Quote from: WhiteLion on August 03, 2014, 01:53:49 PM

Quote from: Tree Fiddy on August 03, 2014, 03:04:48 AM

Quote from: WhiteLion on August 03, 2014, 01:19:12 AM

Just an opinion: The release of a trading bot to anyone who buys QTL is like putting a gun in the hands of a child. IMHO,99.9% of crypto traders (which would include me as well) do not have the foggiest notion how to properly use a trading bot.

I earnestly believe the devaluation of your own coin is a direct result of its own members misusing the bot. Every time I see "triple naught trading" of a coin (ie: .0001, .0002, .0009, etc.) I know a bot is involved and I dump my holdings as fast as I can and get out of that coin. If the members of this forum or investors in QTL had any sense, they would use the bot on another coin, not the very one they are holding!!! Kids with guns!

If you do not like my post, please do not vent your vitriol at me. Instead, simply check the box for "ignore".

With this logic you won't be on Bittrex at all soon enough.

Very true!!! I do not believe any exchange will be of much use once there are large numbers of indiscriminate bot users.

By your logic then, the major stock markets around the world are not of much use. Trading software , some with automated tasks and algorithms, are a fact of life in modern trading. Any coin with decent volume will not be adversely affected.. and this fact applies to markets without any trading bots. Low volume markets are subject to wild swings, trading software or not.