The Bitcoin Thread

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SaiyanZ said:
I've seen some good ones that must have made over a million rand from trading in the last few weeks.

Edit: Some of them are insanely fast too. I just tested by pushing up my order by random amounts. They were in front of me again in a microsecond. Literally 0.1 seconds or so, just as I saw my order go on the book, they pop up in front. Humans don't stand a chance.
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In theory how would these bots be trading? Like what would they be looking for when placing orders...
 
L10Yn said:
In theory how would these bots be trading? Like what would they be looking for when placing orders...
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As soon a few hundred rand spread appears, they come alive, placing lots of buy/sell orders in front of everyone else's orders. 0.090000, 0.1000000, 0.03750. There's loads of them trading various amounts in lots of "tiny" orders. 0.1 BTC adds up to a decent amount if you're flipping it 200 times a day for 0.5% each time.
 
L10Yn said:
In theory how would these bots be trading? Like what would they be looking for when placing orders...
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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.
 
I think it's interesting that some of these bots are so fast. I can literally blink and they are in front of me when I move up my order. I thought that the rate limiting means that it will be at least a second before any bot knows that I have placed an order. From Luno's website:

Rate limiting
Calls to the Market Data APIs are rate limited to 1 call per 10 seconds. All other API calls are rate limited to 1 call per second. API call rate limits allow bursts of up to five consecutive calls. Exceeding the limit causes HTTP error code 429 to be returned.
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SaiyanZ said:
I think it's interesting that some of these bots are so fast. I can literally blink and they are in front of me when I move up my order. I thought that the rate limiting means that it will be at least a second before any bot knows that I have placed an order. From Luno's website:
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Very easy to work around rate limiting. Id love to explain just how easy it is but not at the risk of unaware exchanges actually putting a stop to it just as easily. Afaik Luno rate similar to other exchanges at IP level, that should give you enough information on how to work around it. :)
 
Help me out. On the exchange, how do I see the ETH/ZAR graph, currently its only ETH/BTC?
 
rza said:
Help me out. On the exchange, how do I see the ETH/ZAR graph, currently its only ETH/BTC?
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There is no chart because there is no trading for ETH/ZAR. You pay the price luno charges with instant buy. You can only get an ETH/BTC chart, assuming they still have it trading.
 
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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Hmmmm gekko looks very interesting... Don't think I am going to get much work done today...
 
saor said:
There is no chart because there is no trading for ETH/ZAR. You pay the price luno charges with instant buy. You can only get an ETH/BTC chart, assuming they still have it trading.
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So what do you get when you sell, rands or bitcoin?
 
may be a time to keep an eye on the gold index , esp if it is moving up without gold price increasing significantly.
All of them are reand hedges except harmony
May be a canary in the mine for bad news from ANC crimeference
 
rza said:
So what do you get when you sell, rands or bitcoin?
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Whatever you want.
It's right there in the app.

sell.png

Unless you use the exchange then you can only trade for BTC.
 
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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