Also there is no HFT in cryptos: there is no colocation and not a single exchange can support either the market data dissemination or order processing capabilities right now. Every crypto exchange is horribly slow and appears to be terribly written.
The ones that could be run are often the same that were run on the exchange floor but you wouldn't call those 20 years ago HFT.
HFT'ers collocate because it gives them an edge, they were HFT'ers before they discovered that edge, collocating isn't what makes it HFT. Trying to trade faster than your competitor, competing on speed, that's what makes something HFT.
Just buy what you can afford each week. And don't think about it. Come back in a year.
Retire to Goa. AKA A beach. :-)
How does oscillation help?
Is this kind of thing still possible, or do exchanges prevent it these days?
Why would exchanges want to prevent this?
As far as I can see, it’s speculators battling against speculators. Why not just let the best speculator win? It’s not like it affects my ability to sell or buy bitcoins on Bitstamp — and I hope we can agree that there is no “right” price of a bitcoin — so what’s the incentive to stop it, other than to assist particular speculators (with particular strategies) in making profits?
All this speculatory activity creates liquidity, at least on the exchanges where the speculation is taking place. That's generally good for outsiders who need to exchange bitcoin for something else (on said exchange).
Except for a few flash-crash scenarios (or failures of the exchange), this shouldn't have much impact on price volatility on day/week scales that average people care about.
So as far as I can tell fees are still ridiculously small. Large transactions are usually not that urgent.
When was the last time you sent a wire? For accounts with $15,000 minimums it's usually free, can be set up from your phone and, depending on your bank, either clears within minutes or by close of business.
What is your experience wiring $X0,000 abroad as a consumer?
> Citibank, which offers free international wire transfers to other Citi accounts through the Citibank Global Transfers service.
There is a major caveat. If you need to send money to someone who doesn’t have a Citibank account, the fee is a steep $35.
($400,000 transaction for $2 fee or a 0.0005% fee)
"Related to fleeting orders (inevitable order cancellations), laying involves adding volume at various price levels with the sole intention to influence other market participants into believing (observing) an order book imbalance or strong buying/selling pressure."
As a trader, this is something you should be learning to spot.