Jump to content
Sign in to follow this  

Bitcoin Bots

Recommended Posts

@Caseynotes, yes I read this too. Very interesting though not surprising. Manipulation on a far larger scale happens on other asset classes which is to be expected as Crypto as an asset class is still very small. 

These automated ‘bots’ have some very clever programming and algorithms behind them. They can take into account technical analysis and indicators that traders are likely to follow such as moving averages, support and resistance, Elliot waves, etc. They can then manoeuvre around such technicals and profit at the expense of the traders following such theory. 

What is happening on crypto’s has happened on all other major asset classes and is most probably still happening.

Share this post


Link to post

@TrendFollower, just to point out that the article specifically referred to the special attraction to the 'unregulated' crypto markets of these types of malpractices .

There was nothing about moving averages but referred instead to the artificial 'bloating' of volume data by bots using very low latency and very high frequency trading. 

The article did refer to similar problems occurring in other markets with the introduction of high speed connections but those markets had regulators able to address the problem once identified, crypto doesn't.

Share this post


Link to post

Yes I agree. Crypto is an unregulated and extremely high risk asset class full of manipulation risks.

I appreciate what the article states but am merely present my own view point, that is all on what happens in the wider markets including crypto’s. I suppose crypto’s are even worse due to lack of regulation. Even where there is regulation it occurs.

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      6,900
    • Total Posts
      32,560
    • Total Members
      42,441
    Newest Member
    Mahars
    Joined 19/06/19 08:29
  • Posts

    • I am kicking myself for not trading the breakout of gold now My thinking now is that I'd like to see 1346 established as support and go long from there.  It's pretty obvious (now, with benefit of hindsight) that the May selloff on the indices was a relatively shallow retracement of an uptrend, so gold will probably be stuck in the doldrums again for some time.
    • 👍🏾Yes let us see and it will certainly be interesting as from a trading perspective It could start to get rather tricky with all the potential uncertainty floating around. This may benefit the price of Gold and Bonds but if the Fed lowers interest rates then you could be right.
×
×