The Bitcoin Thread

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RE: Bots - I've been playing around with writing my own one - but - I'm not 100% sure I want to give API access on Luno for security reasons.
 
John Tempus said:
Its not a straight forward answer else everyone would just copy it and do it themself. Profitable High Frequency trading bots are extremely rare and difficult to implement succesfully and I still have my doubts that there is really that many of them. Longer time frame trading bots I recon is the majority since they are very lucrative to implement and have much lower cost in trading fees using a variety of TA depending on the coinpair/exchange trading fees and few other crucial datapoints.

From personal experience I am running for the last year quite succesfully a fully automated and modified gekkobot(you can google gekkobot if you want to learn) across multiple exchanges and coinpairs and only make slight adjustments to my automated trading strategy when big changes get announced for a specific coinpair but other than that I just review it end of each month in the state it is now.
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Thanks, yes I would understand bots trading on multiple exchanges since this isn't an efficient market. It is the high frequency bots on Luno that I was struggling to understand. I guess from what Saiyanz explained, they would mostly wait for a huge spread on luno and then fill both sides of the book with small orders in order to simultaneously buy and sell to people using instant buy and sell?
I'll check out Gekko although I'm not much of a coder
 
mk97 said:
I sent btc from altcointrader to an exchange, at the time, the default fee was about 2 dollars for the transaction (could not change this fee as it was set by the website), this was almost 3 days ago. today my transaction is still pending, will it ever go through?
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Ditto. Have emailed them. Useless exchanges.
 
manicminer said:
Ditto. Have emailed them. Useless exchanges.
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The fee they pay miners is abysmal. They pocket a large majority of the withdrawal fee.

Don't ever send from altcointrader during times of network congestion
 
Noock said:
The fee they pay miners is abysmal. They pocket a large majority of the withdrawal fee.

Don't ever send from altcointrader during times of network congestion
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I've told them to reverse it. It doesn't even show in the blockchain.
 
Time to stop supporting "local" exchanges. For some things, local is NOT lekker.
 
manicminer said:
Time to stop supporting "local" exchanges. For some things, local is NOT lekker.
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Captive market.

Luno is great... But altcointrader is taking everyone for a ride. Exceptionally high fees for everything. They need competition badly!
 
I got off Luno as soon as I could. It's a place to get in the game, then move on. Many other great trading platforms out there.

As a suggestion to Luno to keep their customers (one's who are trading), get some better charts and indicators..
 
For trading, nothing beats a desktop app with snappy interface and links to all the big exchanges... Do yourselves a fav and try out Leonardo. It has two built in boots for those inclined but the real-time snappy graph is brilliant.
 
manicminer said:
For trading, nothing beats a desktop app with snappy interface and links to all the big exchanges... Do yourselves a fav and try out Leonardo. It has two built in boots for those inclined but the real-time snappy graph is brilliant.
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*bots
 
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