Post
Topic
Board Announcements (Altcoins)
Re: [LTCD] LitecoinDark.com | Scrypt | Bittrex | Cryptsy | PoD 5+ | MANDATORY update
by
Viper1
on 21/09/2014, 19:36:17 UTC
Unfortunately, the latest crop of bots are being used to skew the order books by automatically creating orders that have no intention of being filled.  This frustrates traders who are trying to find the real price of a coin.

To combat this, we are making the following changes.

Order Entry
1.Number open orders per market will be limited to 10.
2.Only 100 orders may be placed in a one hour period on a given market.
3.These caps apply both to UI and API trades

This is from bittrex about squashing bots so I don't think they like bots lol  they wouldn't be doing this if bots were making them lots of btc lol

The sad thing is that this won't resolve anything but will more than likely just irritate real traders, especially that 10 open orders limitation.  The guys running these bots will just modify them to be able to use multiple accounts and IPs and then carry on.  This sort of thing happens all the time.  People get all pissed off about things like bots, a company implements stuff to try and combat them (which you can rarely do in reality), and the changes screw over the real people once more.

The "fix" for these bots filling up the order books so we can't see what's going on, was to simply allow us to see the entire order book or at least a hell of a lot more than just the ridiculous 50 entry limit if we want to.  There's absolutely no reason not to be able to grab the entire order book via the api at the very least.