Why isn't anybody using algorithms in order to exploit the BTC market with high-frequency trading like they do with normal stocks? Couldn't you also use something like a botnet to generate artificial hype to further aid the process?
You cracked the code anon.
>>4938184>implying no-one does this
SOON
>>4938184this is already happening
>>4938184>>4938184>Why isn't anybody using algorithms in order to exploit the BTC market with high-frequency tradingThe day they do that you'd wish you never even asked this stupid question.
They do.
>>4938209Really? How do you know?
>>4938253Washtrading on bitfinex for example.
>>4938184Crypto is one of the most heavily botted financial markets out there because the barrier to entry is so low. That's why the price is so volatile. That also means there's a ton of competition and very little money to be made by running bots.t. bot herder
>he has never heard of tradingbots
>>4938253have you seen any wild fluctuations that would indicate massive profit taking? hmmmmm
>>4938700what's your monthly % gain with your bottrades?
>>4938734>>4938700I don't know my dudes, doesn't sound like a currency I would like to be the standard for day to day use. Don't the bitcoin developers have some sort of defense mechanisms against that stuff, like captchas maybe?
>>4938777I eek out about $50 a month and I'm a master's student in applied math. I do this for fun and it is very very difficult to be profitable with bots.>>4938792It has nothing to do with bitcoin itself. These bots just trade on exchanges.
>>4938792Nice troll 2/10Cmon being this stupid is just impossible
>>4938184>why isn't anyonehow fucking new are you, honestly
>>4938870>eek out about $50 a monthand how much money do you use to trade with?
>>4938792Captchas for Bitcoin transactionsTry to keep the retardation a little more believable next time
>>4938870also, what's the exact issue? the market is very volatile with a general uptrend -. seems like a perfect environment for bottrading, no?
>>4938886A couple grand. The profit opportunities are very small and your own trades will ruin them if you use too much money.
>futures legitimize btc>high-frequency pros from the big institusion get unleashed on the basement traders>the fun is ogre
>>4938893>>4938875What's so stupid about captchas, it works with 4chan.
>>4938922It's really volatile, but that's because all of the forward price signalling information is exploited to hell by bots. If there's even the slightest hint that market is about to go up, it instantly shoots up to its target value. It's only profitable if you're a time traveler.
>>4938970Are you for real?
>>4938989It might not stop all bots but most of them or wouldn't it?
>>4938987isn't that just the same with other markets, though?
>>4939009Give me a detailed explanation of how it woud
>>4939027No, because all you other amateur bot authors don't really know what you're doing and will run bots that operate below profitability, destroying the profit opportunity. There's thousands and thousands of people with poorly written bots that make botting crypto an unprofitable rollercoaster.
>>4939041>bot about to make the transaction to xyz>field for pay to has to be unlocked using a captcha>bot fails to solve captcha
>>4939159Nice bait, almost got me there kek such a troll
