[dtube] Market Manipulation & Trading Bots

in bitcoin •  7 years ago 


Researchers have found evidence that two trading bots, named Willie and Markus were responsible for market manipulation on the Mt Gox exchange in 2014. To make matters worse, they claim that these bots traded with Bitcoin they didn't have and sent signals of healthy market growth.
Price Manipulation in the Bitcoin Ecosystem - https://www.sciencedirect.com/science/article/pii/S0304393217301666

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Another great article and thanks for sharing!

Just to illustrate how manipulative the market is right now.
Top 0.01% of all BTC addresses(1614) own 39.23% of all circulating BTC.
Top 0.54% of all BTC addresses(149001) own 87.14% of all circulating BTC.
Bottom 99.46% of all BTC addresses(27676949) only own 12.86% of all circulating BTC.

Not to mention that many whales probably have multiple addresses. The whole market is basically in the hands of a few people who can drive the price up or down as they please.

Or sell at a high price aka "ideal" stop limit, and let the waiting begin. 🔑

Attack of the CryptoBots! Let's talk Cryptocurrency Market Manipulation - Bitcoin Ethereum litecoin -
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Nice post .thanks for sharing @boxmining

I suspect Kraken is one of the exchanges where the bots are running rampant.

And no, is not FUD!

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Nice post...
its seem interesting .thanks for sharing @boxmining

Trading bots are nothing new - read about this in the stock market: High-Frequency Trading

Interesting, thanks for the vid 👍

Great Video as always @boxmining keep it up

Of course there's price manipulation. I saw some today on Coinbase. A sell/ask wall was set up and settled around 1030 in Ethereum while prices were trending down towards 1020, thinning volume of bids. Once the price reached near 1020, the sell/ask wall mysteriously disappeared. Buying resumed, allowing prices to increase again. If there's no news, there's no reason for volatility. Traders make money on volatility, external or manufactured. Investing is a game that allows for price appreciation and an increase in value for all stakeholders. Trading is a zero sum game that takes money from the naive and greedy and gives it to the experienced and greedy.

Nice vid thanks.

It's funny, cause some bots will upvote this video. This reminds me of Rick and Morty season 2 episode 4: "Total Rickall"

"Alien parasites plant fake memories in the minds of Rick, Morty, Beth, Jerry and Summer and pretend they are friends and family members. Every time the family reminisces about the past, the aliens reproduce. The family can't distinguish real people from aliens, so eventually they can't even trust each other."

Awesome Episode. sniff

I wonder if the bots are still trading today?

thanks, happy today! upvoted!

thanks, your post! have a nice day.

seem interesting thanks for the info Mik

thats the issue. even in most exchanges bots are taking over trading. populating twitter and telegram groups once there is airdrop or bounty annoucements. i saw many asian users in my telegram group today and knew they are bots. its really a problem. thanks anyways for sharing

Holy Crap!

The rate at which trading is going ,we would have more bots than humans any time soon

The Bots Are Taking OVER...

Willie and Markus

Bots should have robotic names instead of human names.

it is very clear that there is price manipulation in this market due to the lack of regulations that is the reason why people instead of panic should get happy when we have news about regulations .. i got even worrier with the CBOE Futures i got the feeling that it will get worst

Bots is a new generation problem which has to be dealt with in the digital world. Bots r the reason I have to deal with complicated captchas.
Remembering the password when drunk was a problem when captchas add more trouble to it. Lol

I am very suspicious when I trade on kucoins....especial on low volume coin... I notice a very large spread cause by huge buy and sell orders.... I tried to buy cags/kcs and everytime I move my orders a penny higher.... the bot beats me to the punch so my orders never get filled.... this is done so that the whales can profit on both side catching those that trades using "market buys or sell"

Nice post :)

Good job, I am proud of you
Keep on working. Be the best. If you want to upvote my post too, one upvote from you is very valuable, There is nothing wrong if we support each other.
I know if you are a very generous person :) @boxmining

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