Author Topic: Bots  (Read 3604 times)

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Offline lil_jay890

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Re: Bots
« Reply #15 on: January 08, 2017, 02:21:54 pm »

I was making this point about us needing more bot support in Bitshares if we want to see more liquidity yesterday in telegram.

I actually think this is something that should have priority over the GUI.

Bots bring liquidity

liquidity brings real users

users demand GUI

deliver better GUI

Great plan! We already have something to start:

https://btsbots.com

Trading bots with nice web GUI are waiting for you.

Liquidity or not. When you drive the price down to the bottom then the asset becomes worthless and no one wants it!

That's what these bots are doing to assets!

You bot owners  just want to make money off the assets and don't care about the other asset holders!

So don't tell me this is a good thing. I aint buying it! Now they have cost me dearly.

Thanks a lot!

The assets are declining not because of bots, they are declining because people are leaving the bitshares ecosystem and there are not enough new people to replace them.

Most of these assets distributed a ton of coins at extremely inflated valuations to not very many people.  Solcerts, muse, moonstone, compuceeds and others sucked in a good amount of investor cash. These investors believed the sales pitches by the coins creators. 

It would take a massive influx of new bts users  to support any liquid trading of these coins.  Markets go where there is liquidity. The liquid value of these tokens is much less than what the founders and pumpers pitched to the investors. They ico'd the coins at what they thought the value of the company would be in the future... They left out all the risk and growing pains that it would take to get there. Now the free market is discounting the shares based on those risks.

This is the problem with non regulated asset distribution.  Most of the investors are ignorant sheep who buy in to a sales pitch. At least with regulation, these shit companies wouldn't be able to come public. With the dex they can and it's easier than ever to scam someone and have them cut there losses and leave bts forever.

Offline yvv

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Re: Bots
« Reply #16 on: January 08, 2017, 03:19:51 pm »
Quote
The assets are declining not because of bots, they are declining because people are leaving the bitshares ecosystem and there are not enough new people to replace them.

Most of these assets distributed a ton of coins at extremely inflated valuations to not very many people.  Solcerts, muse, moonstone, compuceeds and others sucked in a good amount of investor cash. These investors believed the sales pitches by the coins creators. 

Those Solcerts, muse, moonstone, compuceeds and others are pure ponzi pyramids with zero sum. There is no business which brings profit underneath. Early adopters are paid by those who buy into pyramid later. When new fools stop coming, pyramid crashes, and this is inevitable, because the amount of fools on the Earth is huge, but limited.

Offline Chronos

Re: Bots
« Reply #17 on: January 08, 2017, 05:52:24 pm »
Um, bots don't make assets worthless. If the price goes to 0, maybe it's a worthless asset anyway, bots or not.

Study an asset carefully before you buy it, to see what underlying value it may have.

Study an asset carefully before you buy it, to see what underlying value it may have
good luck with this suggestion
I guess that's why I don't own any UIAs. lol

You can't tell a bot from a human, except by its trading pattern, and sometimes the bot owner puts "bot" in the account name by choice.

Offline kani

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Re: Bots
« Reply #18 on: January 10, 2017, 04:08:10 pm »
Liquidity or not. When you drive the price down to the bottom then the asset becomes worthless and no one wants it!

That's what these bots are doing to assets!

You bot owners  just want to make money off the assets and don't care about the other asset holders!

So don't tell me this is a good thing. I aint buying it! Now they have cost me dearly.

Thanks a lot!

In a free market every trader is encouraged to seek a profitable strategy.  And yes, this absolutely includes bots.  Every major market in the world relies heavily on bots for trade volume and liquidity.  (Profit-seeking bots are most definitely not unique to Bitshares -- they are everywhere).

I reviewed your portfolio.  The problem is not bots -- the problem is with your investment choices.  The assets you hold lack fundamental value.

So, my friend, you may want to reevaluate your strategy.
« Last Edit: January 10, 2017, 05:35:46 pm by kani »
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Offline kani

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Re: Bots
« Reply #19 on: January 10, 2017, 09:54:11 pm »
[member=42191]netcoord99[/member]

Here's one example why COMPUCEEDS is down (and there are more like it):
https://cryptofresh.com/tx/b3a37439b8923a8edfe0c34509647a82148c3fbb
https://cryptofresh.com/tx/6fd5226e94116bf15ef4b9646f29e4da5d8634d3

TL;DR
'compumatrix1' (the asset creator) issued 5 billion COMPUCEEDS to 'compumatrix' who sold all 5B for 93,500 BTS one minute later (90K BTS then withdrawn to blocktrades 2 minutes later)



And let's talk about the BTCPLUS asset from the same 'compumatrix1'.

Asset description (bold emphasis mine):
"BTCPLUS is a bitcoin-backed UIA which can be bought using COMPUCEEDS and other UIAs and SmartCoins. BTCPLUS is a great way to get started with bitcoins without the need to invest into expensive mining rigs."

Are you to tell me that the supply of 6,065,100 BTCPLUS is backed by real Bitcoins???  No way.

See this transaction: 'compumatrix1' issue 5 million BTCPLUS to 'compumatrix'.
https://cryptofresh.com/tx/bf97b7d72133e692d579c89a169bf6707c6441f9

And you blame bots...  Sorry buddy, I think you've been scammed.
« Last Edit: January 10, 2017, 10:39:03 pm by kani »
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Offline netcoord99

Re: Bots
« Reply #20 on: January 16, 2017, 02:02:42 am »
Yes, you are probably right about being scammed but regular people wouldn't have done to us what these bots are doing.

And I know Compumatrix has taken 11 years or so to build a business that works so its members are either foolhardy

or loyal and we'll either loose a few buck or become millionaires. Either way we are not worse that the people who visit casinos

and buy lottery tickets. Even participants who loose their shirts in long term market crashes could be called "the scammed"..

So if you don't bet the farm in the process it can all be considered recreation!