[dtube] Market Manipulation & Trading Bots

in #bitcoin7 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 -
https://steemit.com/bitcoin/@josearteaga/s1ewx93y

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

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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

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