MarvinMartian

This is SPECIFICALLY what I mean, when I say, you cannot predict

BTCE:BTCUSD   Bitcoin / Dollar
This is SPECIFICALLY what I mean, when I say, you cannot predict bot action.
http://www.cryptocoinsnews.com/news/malfunctioning-bitcoin-trader-bot-causes-extremely-high-volume-bitcoin-exchange-btc-e/2014/08/31

How much did you lose on this? Or were you prepared for the take?

There are SOOOOOO many bots out there.

http://quatloos.org/trader.html

https://bitcointalk.org/index.php?topic=507103.0

http://www.coindesk.com/how-to-trade-bitcoins-bot-software-sleep/


AND, soooo many more idiots that don't know how to use them.

Please don't go long on a fully manipulated market.

Granted, all markets, forex , stock , commodities , ALL of them, have bots... but they have volume too, to protect against aggressive bots. OBVIOUSLY, Bitcoin , and cryptocurrency/ALTcoins do NOT.
MarvinMartian
2 years ago
If you are interested, PM me and I can tell you how to look at charts and spot "hidden" bot action.
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ChartArt
2 years ago
The market didn't crash because of this bot.

It was crashing and then the bot started to run crazy.
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ChartArt ChartArt
2 years ago
There was simply a lack of buyers and when China woke up they decided to sell. End of story. I had seen this crash coming several hours in advance, sadly I didn't publish a chart predicting it to create a proof.
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MarvinMartian ChartArt
2 years ago
Well, you are contradicting yourself a bit. The 'bot started to run crazy', WAS the crash.

The crash, was wholly the bot. Someone sold off, enough to trigger a badly programmed bot and that was the result. You can see the gap in the volume. It was a big sell off. Then the bot got hold of it. Probably triggered more bots and everyone with cold feet, fed into the downtrend.

Same principle> Pilot Induced Oscillation during Flight Test
https://www.youtube.com/watch?v=wxX4QvLylLY
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IvanLabrie TOP MarvinMartian
2 years ago
To this, I agree, a market with think volume is a no go for analysis...On the other hand, if you go for longer term perspective, you can more or less predict prices in BTCUSD.
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