Re: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos
did you see the order manipulation happening on bittrex right now on XC? are those bots?
did you see the order manipulation happening on bittrex right now on XC? are those bots?
I am wondering to, about those orders on Bittrex.
Yup, they are bots. I hate trading with bots, thats why I am not too keen on Bittrex (a lot of bot trade) and why I used to like Mintpal. Mintpal it seems had one or two XC traders who had bots, but they were small trades and just seemed to bridge the gap between buy and sell.
was doing a bit of research about bot's and found this...https://bitcointalk.org/index.php?topic=507103.0
check out the ping-pong-tab and see what coing is used
http://i.imgur.com/ElIcbNy.png
Bots add volume, which XCurrency desperately need right now. Bots is the automation of they day trader function, moving price between buyer and seller. If the marked swings low people have a chance to enter at a good price moving fresh capital into the pool, if the marked swings high some holders will sell their stock freeing averaging the distribution of wealth. Every order has a buyer and a seller and hind-sight might show a winner and a looser but none is forcing a trade so at the time of a trade both are winners.