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Joss Sparq
Caldari
ANZAC ALLIANCE
Southern Cross Alliance
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Posted - 2008.09.22 01:06:00 -
[1]
I don't have any comment on the specific incident reported by Taikun, but I would be unsurprised to discover there are some kind of bot based shenanigan's going on in the Jita market.
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Joss Sparq
Caldari
ANZAC ALLIANCE
Southern Cross Alliance
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Posted - 2008.09.22 02:42:00 -
[2]
 Originally by: Lo Lightshard
What does the bot gain from this kind of transaction?
At a guess, I would say that it gives the bot user an advantage over other users when it involves any commodity with large volumes and a stable price.
For example, a bulk mineral seller could establish the bot to refill their sell order every time they are emptied while the bot user is asleep/can't otherwise manage their trading mechanisms. This means they're involved in the market up to 24 hours a day as opposed to regular users who need to take breaks/suffer periods where they can't access their account to manage their orders which may fill/empty during those periods they lack access.
What would be really frightening to me is a bot that can (basically) buy low and sell high consistently over 24 hours, with bot reaction speeds. Though, I'm just postulating a theory here.
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Joss Sparq
Caldari
ANZAC ALLIANCE
Southern Cross Alliance
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Posted - 2008.09.22 06:06:00 -
[3]
Originally by: Professor Leech
Originally by: Joss Sparq
What would be really frightening to me is a bot that can (basically) buy low and sell high consistently over 24 hours, with bot reaction speeds. Though, I'm just postulating a theory here.
When I was investigating macros and looking at methods to counter them I was rather disturbed by what I found. I won't give specific details as I do not want to encourage any more macro users (as if ruining the ice market wasn't enough for macro users) but the bots can have a high level of sophistication. The bot will adapt as the programmer/operator adapts.
I fondly remember back when the asteroid (and then ice) macro miners were relatively unsophisticated. Though I didn't (and still don't) approve of them, they did make for a nice bit of supplementary income at the time (and at their expense) plus a welcome - if all too infrequent - chance for PvP combat. These days I've mostly given up on it though, both from moving on to other pursuits and having interacted with them to the point that they advanced to a level I rarely found worth my time to interfere with any further. So, I agree.
Originally by: Professor Leech
To answer the previous question as to the benefit; turnover. The higher the volume of sales at any profit margin means more profit.
A much more eloquent version of what I was trying to state!
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