Quote from: Xircom on September 29, 2014, 01:35:50 PM

Quote from: BitCoin Operated Boy on September 29, 2014, 01:29:53 PM

About Bittrex. Just as curiosity.
I have noticed the deliberate bot pattern there.

I have checked many other quite new born or emerging cryptocurrencies which main trading exchange is Bittrex (sometimes they have some 2nd on or 3rd one like Cryptsy or Poloniex but the trade colume there is lower).

It appears that Bittrex bots tend to lower prices down to hover around certain BTC prices, ranging between

0.001, 0.0001, 0.00001, 0.000001, 0.0000001 BTC

up to 4 times mutiplication of it, up to:

0.0014, 0.00014, 0.000014, 0.0000014, 0.00000014 BTC etc. (if the price is a bit larger than the decimation of 0.1 then it seems to be, because there is an interest in buying this certain cryptocurrency).

It seems self evident that prices very seldom reach more than these, like for example 0.00015, 0.000017, 0.0000016, 0.00000018 etc.
When this happens, it is becasue of sudden large amount of coin being purchased within short period of time. Then bots bring the price down again.

http://bitinfocharts.com/markets/

And now when you got that far in your quite clever discovery.... What do You think happens... Wink

(If you cant beat them, Join them ! )

I edited above post with new info :-)