Quote from: murderouskirk on September 03, 2014, 05:29:06 AM

Quote from: dleader on September 03, 2014, 05:24:44 AM

Quote from: murderouskirk on September 03, 2014, 05:13:15 AM

Quote from: D1WEPN on September 03, 2014, 05:03:12 AM

Quote from: murderouskirk on September 03, 2014, 04:59:01 AM

But WHY!? WHY on earth did the price swing back down today!??

I'll tell you.

Two complete idiots with spread trading bots decided to try to take advantage of the great things we have going on.
They were perpetually undercutting each other, and anyone who placed a real sell order got immediately undercut.

The solution?

Trade bots like these have halt mechanisms!

Keeping the spread below 100 with a very tiny buy order will make them halt and gtfo.

If you see a small buy order tucked all the way up underneath the sells LET IT BE!

Gotta sell? Sure! Just be kind enough to leave behind a new stopper after you're done, or let the old stopper operator place one back.

No stopper in place? Be an awesome community member and palace one in! The minimum order size is extremely small!

We can beat trade bots as the strong ass community we are! Lets work together and resume the climb!

I have also noticed this. we need to stop it from happening. well said murderouskirk Wink

Another note, TRY NOT TO SELL TO SPREAD BOTS FIGHTING OVER BUYS! As soon as they get their fill to move to the sell side. Either some troll or the bot operator just killed the stopper twice in a row and now the bots are fighting over buys.

Edit* If this keeps up I will setup my own bot to automatically keep the spread less than 100.

any ideas how to trigger the buys? Looks like they only want cheaper coins. I'd say those batch of 2000 are a bot trigger to dump at 5071-=5075. wish I had the btc to catch them.

They do not buy, they only place buy orders and only if they need more to sell. Soon as their buy orders get filled they start fighting the price down. I'm not sure about that 2k, spread trade bots are relatively stupid and easy to figure out.

I loved watching the bots on mtgox at CM. I miss those days... well last fall-winter. There were some easy ass bots to trade against.