@beninem

Beware nefarious algos in Coinbase... I put in a sizable buy on ZEC a couple dollars below market. I was the only sizable order at that price and could see my order. But about 10 seconds later that price suddenly doubled in size. Feeling spooked I moved my order down $0.05 and the blob moved with it instantaneously. I moved it up $0.01 and it moved with it again. The market then met my price and I watched orders go through. I assumed they were mine since I moved my order first and should have been first in line but it turns out I was not. Not one of my orders to buy was transacted. I cancelled my buy and watched price then move up +1% in 5 minutes. Pretty much I should have been first in line since I was making the algo follow me but Coinbase's system clearly has preferred order flow to some higher customer. Fn creepy @barmstrong

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