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
https://youtu.be/XfJUaXHuNBI
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What robbiethewise said, +1
Signs are lookinng promising for BTC. We are not in a bear market atm, contrary to what some might say; this is merely a bump in the road.
Promising signs include:
- BTC:USD recently touched down on the 21WMA with a red bullish hammer.
- BTC has just ended its correction.
- BBs are starting to squeeze.
[IMAGE: https://steemitimages.com/DQmVCcnuJRPKjLoXta5Q3Ub3kcoQ3qhiziKnqGKYuKz5sPT/2018-01-21%2014.12.17.png]
BTC will trend sideways between 11-13k for the next week or two, after which we will see a bullrun setting a new ATH or a retest at 13-15k if the market is not saturated with enough buyers yet.
Peace my brothers.
Honestly its very difficult these days to fight a bot, as they have become more sophisticated over the years. Where in the past there were only a few rules for a bot, now there are many. The people using/coding these bots specifically make them tough to track. If you see orders of a certain value being placed and pulled and replaced at a different value, there's a good chance its a bot but not a super smart one(most use a random range; example: 20-30units instead of 25) to avoid detection. The best thing to do, in my opinion, is invest longer term, as most bots only manipulate the price in the short term, so by doing research, goin long, and avoiding fomo(fear of missing out) and fobo(fear of better offer), u can trade effectively free from bot manipulation. My opinion. There's also no guarantee, that when you learn a bots moves they won't be changed by the creator.
Sure ignore TV, but newspapers and print media in general take journalism very seriously and are more reliable than TV or most of what you're likely to encounter online. WaPo, NY Times, The Guardian, Spiegel, The Economist etc. are all solid and have been doing extremely valuable work, especially in the last year. Do they make mistakes? Of course, no single source is perfect, but that's why you read more than one source.
@dkn | Jan. 21, 2018, 1:28 p.m. | Votes: 0 | [
VOTE ]
I 100% agree, that both crypto and stock markets are under manipulation. Whales do wish to earn more and they are able to provide fake volume, or build up the walls in the order stack and remove them all of a sudden. In XX century whales had other tools for the manipulation (the Gekko example from the movie).
The difference is that
* now we have the opportunity to share the information with interned and it spreads very quickly - probably that is the best regulation. Take the Bitconnect example: the community was aware that it is a scam much earlier, than some legal impact took place.
* There is also so much agiotage and hype around the cryptomarkets and at the same time, the relative volume of the market is low, so every movement of the market is under our supervision and if we see the issue - we can make an instant impact: share the information an look for support.
For me, the voice of steemians in more trustful than any other resource and I do not feel lonely with my opinion.
Thanks for the relevant content, @boxmining!
@jackytjai1984 (44) Your comment above looks very spammy.
I looked at your other comments and they are similar in style, not including any intelligent or interesting discussion about the blogger’s topic. You don’t include anything to even show the authors that you read their blog.
This reeks of insincerity and laziness. It looks like you are trying to draw attention to yourself, probably hoping for upvotes or follows.
Spam posts like this risk getting flagged.
Before you make another comment, please read some of the many excellent steemit guides. Here are some examples which are particularly relevant to you
https://steemit.com/steemit-abuse/@spaminator/updated-your-reputation-could-be-a-tasty-snack-with-the-wrong-comment
https://steemit.com/steemit/@miti/a-complete-guide-for-newcomers-and-minnows-to-avoid-a-possible-spam-and-to-write-good-comments
If you liked the blog but have nothing interesting to add, then an upvote is generally sufficient.
'Bots" have ruined just about everything good and enjoyable on the internet, from markets to video games all the way to simply comments in a comment section. We built bots, we need to find a way to destroy them. One of you genius code designers need to design a 'MAN VS MACHINE' code. Something fail proof that can be updated on a regular basis. I know there are a few similar designs out there, but i'm talking something that detects, and publicly announces you made and implemented the bot for the public to see. Anyways, thanks for the info @boxmining .
https://steemit.com/crypto/@keepinitreal/what-crypto-are-you-holding-non-promotion-poll
What do you think about existing solutions regarding decentralized exchanges like GateHub (https://www.gatehub.net )?
Gatehub is a Bitcoin, Ripple, Ethereum, Ethereum Classic and Augur wallet. It also allows users to store, send and exchange these cryptocurrencies in a built-in exchange. All private keys and passwords are hashed and encrypted using industry standard algorithms, even GateHub cannot access them. Do you think this is a solution that will prevent exchanges manipulating the prices?
Trading bots in unregulated markets like crypto are a super interesting topic. Thanks for sharing your thoughts on this!
I looked at NAPOLEONX's ICO last night and was wondering about how much impact trading bots could potentially have on the market. I'm not investing in this ICO and don't post this to promote their ICO, but here's the description of their service offering:
"NaPoleonX is offering a series of Decentralized Autonomous Funds (DAFs), which will invest in 100% algorithmic solutions proposed by Napoleon Crypto"
I understand that capitalism is the biggest driver of the current crypto game, but I hope that bots are not going to take the fun out of it, or worse, lead to absolutely unnecessary crashes.
Lets start with the question if Crypto currency could be used as a normal curency like your dollar , baht , euro , or pesos . So first of all The worth of cypto currency is changing all the time so you could buy a house with your bitcoins oneday and on the following you would just be able to affort a Sandwitch with the same amount of Bitcoins. This does happen beacause Bitcoin or any other Crypto currency is worth anything beacause people think, beacause people believe in this projekt, Bitcoin, Litecoin, or Steemdollar do not have a worth, there are just worth anyting beacause people believe that this virtual money is worth anyting.
Second there is no equivalent in gold or anyting valuabe. ( Euro or dollar are equivalent to the gold reserves )
These reasons are enough to say that this currency, that way it exists today will never be able to be used as the "money of the future".
