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Tonnie posted a topic in Alt-Coins and General FintechSo, in my search on the internet there is near to no info about views of the new arbitrage-platform from Rialto. Only FUD against the team and platform on reddit... Sinds yesterday it is open for registering. Anybody interested or has any interesting views on Rialto/XRL/their arbitrage algorithm?
XRPTipBot for xrpchat.com?Hi all! I'm /u/pepperew at reddit, I'm a software developer & Ripple / XRP enthousiast. Last week I decided to develop the XRP Tip Bot for reddit. You can send small amounts of XRP by mentioning /u/xrptipbot in a reaction. The user you reply to receives your mentioned amount of XRP in his/her TipBot-account. If the user doesn't have a TipBot account, the XRP will be saved for whenever the user decides to login at https://www.xrptipbot.com. At this website (https://www.xrptipbot.com) users can check their balance, review their tips (incoming/outgoing) and deposit small amounts of XRP (to send tips) or withdraw their received tips to their own wallet. The tips, deposits and withdrawals are instant (XRP ledger FTW!), the tip-history is public (https://www.xrptipbot.com/stats) and the wallet is (of course) public. I'll start open-sourcing parts of the application next week. So. That's reddit. How about getting the XRP Tip Bot to xrpchat!? I'd love to spend another day or so to develop this! I'd love to hear what you think about this, and what @karlos thinks about it
XRP Trade Bot
Sarnos posted a topic in Software and HardwareHello guys, I really got the feeling of not having enough XRP so I thought about hiring someone to create me a trade bot. I already asked someone and he is more or less done with exams and is looking into the topic - the advamtage with him is he does not only have knowledge about the crypto scene, exchanges and programming (obviously) AND his professor forces him to do something quite similar . So I thought about writing to you guys parts of our strategy how the bot will function and maybe you guys wanna help us to tweak it. The trade strategy will be quite simple actually depending on the version. Easy version Buy and Sell between two prices Starting to get complicated version The bot receives information about the average price development over the last 24h. Depending on the recent price if it drops lower than the average by 1% the bot put in a buy offer for the amout X to purchase. Now the question is how will the bot deal with the sell orders e.g should the bot put up a trade order right after a buy order is completed or wait with some cooldown functions to prevent from selling to soon? Due to we often see smaller price spikes if the price has fallen heavy. Question for you guys How would you tweak the bot with the goal to achieve a certain amount of money (1% per day)? What should the bot do with profits? Would you guys buy a license to use the bot from a thid party? This may look simple now but i think with you guys we can go into depth.
Back in April & May this year, when the big money really started getting in to crypto, I began noticing extreme correlations between various currencies. These movements were far too fast to be replicated by human eyes and fingers, so I concluded that they were bots. At around the same time, I was approached by an organisation which, as they put it, "invested in baskets of cryptocurrencies" according to my risk appetite. They had algorithmically designated all the various cryptocurrencies as being either high risk, medium risk or low risk. They may have had other categories as well, though I can't recall all the details of the conversation. I did end up investing with them though, and got in early on a couple of ICOS for which they had some sort of preferential / promised allocation in place. The reason I mention this is that I see it happening again. The correlations are back to being around 95%+ between various groups of currencies. For example, take a look at the price action of DGB, then compare it to SC. Similar risk profile. You will immediately see what I'm talking about. This is not human eyes and fingers, but bots automatically bidding/selling at exactly the same time to either take the price higher or lower at exactly the same time. The same is true of BTC, ETH and XRP right now - and because these appear to have a similar risk profile, they all move together. They will, of course, not move at the same time or in the same way as differently-profiled currencies. We've just seen a huge spike up in XRP of course, and that wasn't replicated in ETH or BTC. The bots are probably employing some form of sophisticated AI which can take into account sudden decoupling events based on news/announcements. I imagine this would be some form of sentiment analysis which examines news links, the reputation(s) of the entity/(ies) posting the link; the proximity and prevalence of positive and negative keywords etc. I have built a tool like this myself in the past for a social profiling business, so I certainly know they exist. I'm not saying that the correlation will always be there... but at the time of writing, we're looking at approx 100% price movement correlation. What can we take from this? Well. Two things: 1. To be very on guard, watching/waiting for news or events that impacts BTC's price negatively. Such as the current battle between BTC and BCH. Be aware that ETH and XRP will move in the exact same direction in the absence of positive news. Support levels in TA do not appear to matter. 2. Someone (could be human, but probably AI) believes that these three currencies, and possibly others as well, are in exactly the same (or very very close) risk profile category, hence the correlated moves. That's either worrying or encouraging I guess, depending on your outlook. Here is a USD chart example for past three days (faded background is Bitcoin/USD, opaque is XRP/USD). Shows a 99% price direction correlation, and a 95% price movement correlation.
What bots are good for trading?
XRPJoe posted a topic in Alt-coin Trading And Price SpeculationAnyone have good tips on bots? or bad experiences?