I am right now watching someone on Poloniex buying 45 maid every 5 seconds and the order they are buying from drops by the 45 maid, then jumps by 45 maid 2.5 seconds later.
Seems like they are buying from their own sell order then adding back the 45 to sell at the exact same price they bought at.
Its been 100 or more buys. Every so often the price of the sell order changes to remain at the lowest sell price, but the 45 buy keeps happening against that new order and the order keeps getting the 45 maid added back
Its a bot incorrectly set up
Sooner or later someone will buy out that sell order OR Poloniex fees will suck them dry
And the sell order kept being rebuilt to same (BTC value) amount. Looked a lot like the same person buying was selling because of the timing. So 2 sets of fees and its not really buying if you are just buying what you are selling??
Doesnāt fees kill you if it sideways moves for too long
I am not selling; only buying I donāt really monitor the minutiae though so Iām not sure
My orders are strictly every 19 seconds 45 maids to the buy at the lowest sell order. if the lowest sell order is less than 45 I take whatever is there.
Clearly where the cross hair is going horizontally see how many peaks we have at the 20k thatās the resistance at the moment
So lots of short traders really fighting with their position there.
Iāve got a bot buy consistently and got a good average so far; but not
hitting this manually since last weekā¦ but looks like those short
traders should give up already even reminds me of the rise from 5k
satoshi
@jabba
I think youāre right weāll rise into the 24k but weāll see if it gets
overwhelmingly flush with margin sellingā¦ I hope otherwise; we shall
see.
Btw, one useful thing about me having my loan orders set at 0.4% and 14 days is that I know theyāve been out and are still out at that rate since the last bump, despite big drop in lending rates since last week. More valuable than the few k maids a day Iām making is the knowledge that those shorts are all still open from around 17.5k and will need to be closed. I donāt think heās going to get to close them at a profit if vaults get the market excited.
I suspect someone with a big wallet is waiting for the BTC resistance to break so they can pick up the big drop in the alts they thought were vulnerable. I think they maid a terrible mistake with the bet personally.
I suspect this trader/s will find themselves in the same position cagara did with the Eth boom. He ended up putting nearly 700btc into the Eth market cap with his losses while he hoped for Eth to drop back.
I think Iām going to sell a few more Eth and bump the maid price myself a bit ;). I have no idea if the market will get as excited as us safefanboyz will tonight, but they really ought to and Iām sure the polo chat box will be buzzing with maid hype tonight. Short squeeze please.
!! yah love thatā¦ and I remember the most zealous short sellers were like polouser Carbonlifeform and moonero;
they went hard core selling at 17k
Only thing to watch for in MAID is crowdsale whalesā¦ mastercoin converted MAIDs but its been 2 years and In my estimation most of them are liquidated already.
Vaults will cause an amazing interest IMO because it is hosting of the network, itās a HUGE milestone.
Yep, they gobbled up a lot of loans and from what I can see a lot are still open (about 800k of mine anyway). I think everyone just assumes maid will dump hard when/if btc moons.
I think you were right in another thread and if anything the halving effect will be felt months after the event. I also donāt think maid has to dump. If the news is good we may see one of those rare gems when maid and BTC rocket up together.
I agree on crowdsale whales. The 38M wallet needs watching for sure. A lot of the other ones do seem to be down to pretty small numbers now though. Iāve not seen any others over 10M and not that many with several million.
I think youāre right and I hope so too ;). Iām crapping myself with excitement, but most arenāt as obsessed as people like us
Most were closed when it dipped back to 17.5k. Apparently ātheyā decided to take small loss when the opportunity arose. It seems to have helped keep price more resistant to the BTC rise though.
Be very interesting to see how it goes this evening.
Fingers crossedā¦ sadly no open shorts to make me feel extra confident though