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RE: Market Manipulation & Trading Bots

in #bitcoin7 years ago

Honestly its very difficult these days to fight a bot, as they have become more sophisticated over the years. Where in the past there were only a few rules for a bot, now there are many. The people using/coding these bots specifically make them tough to track. If you see orders of a certain value being placed and pulled and replaced at a different value, there's a good chance its a bot but not a super smart one(most use a random range; example: 20-30units instead of 25) to avoid detection. The best thing to do, in my opinion, is invest longer term, as most bots only manipulate the price in the short term, so by doing research, goin long, and avoiding fomo(fear of missing out) and fobo(fear of better offer), u can trade effectively free from bot manipulation. My opinion. There's also no guarantee, that when you learn a bots moves they won't be changed by the creator.