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/biz/ - Business & Finance

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10027777 No.10027777 [Reply] [Original]

Are you guys watching the tradebook on gdax? Some fucker put a bot that is buying 0.001 every time someone else's bot sells 0.001, its fucking hilarious the bots are going nuts, someone is losing money from this. What the fuck does this mean?

>> No.10027799

I'm guessing a gdax employee is involved. Otherwise nobody would make money off that from fees. Insider trading, for public view kek

>> No.10027806

>>10027777
Someone is trying to ddos to protect their shorts. Buy now it will spike up after this shit is over.

>> No.10027821

>>10027777

nice quads.

inside trading indeed.

>> No.10027827

>>10027777
your quints should tell you-- it's probably the same fucking person on both sides. derp.

>> No.10027843

>not selling your 0.001BTC and immediately buying back

it's like you want to stay poor

>> No.10027849

Kek this is hilarious

>> No.10027863

artificial volume pump?

>> No.10027885

>>10027863

this

>> No.10027889

>>10027863
I'd say this would be it, but can selling/buying 0.001 back and forth actually increase volume that much? It's a small amount

>> No.10027926

>>10027889
That's true, but I guess it depends on how many bots are doing this, and whether or not the order book can keep up to show it accurately. Does volume ever take trading frequency into account? Or is it just raw "number of BTC traded"?

>> No.10027985
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10027985

WTF IS GOING ON AHHHHHH

>> No.10027987

>>10027926
Either way, its gotta be literal GDAX employees, or someone with highest priority business account on GDAX because anyone else would lose money from this from fees.

>> No.10028011

>>10027863
It would make more sense then if it were 'random' and larger amounts right?

maybe someone is testing his bot using the lowest possible trade amount

>> No.10028342

bump

>> No.10028369

>>10027777
The bot just buys 1 up or 1 down on the lowest amount possible to influx the charts looking like it's going up/down

>> No.10028515

>>10027843
Practically free money

>> No.10028800
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10028800

fuking whales

>> No.10028965

>>10027799
hft traders get paid to provide liquidity, even if they sell at small loss overall while trading they get paid more from the exchange itself

>> No.10029084
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10029084

You see things like this on binance all the time, not sure what kind of conclusion to draw from this however

>> No.10029149

>>10029084
That the price is being propped up by massive amounts of wash trading.

And it’s STILL dumping.