Damn, that is crazy. Its actually [At least, looks to me] every 5 to ?? seconds. [Originally saw max of 20, now 51. Hmm]

Ive only watched it for a short while, but it looks like an average is right around 10 seconds.

Now, as interesting as it is to consider its a bot trying to get top dollar for the asks.. wouldnt it really just make more sense to market sell into the 140 wall? Yes, yes, 66 cents less.. but.. no risk. And, chance of triggering more sells -> lower buy back price.

 

Might not make sense for a whale, but if I wanted to sell a fairly significant amount, I would consider dripping them out rather than causing the price to drop.  Let the robot continue until something else upsets the price.

It shut down lol.

I got an average of 10.5 seconds with a minimum of 4 seconds and max of 56 seconds.

Only 50 points considered. Early points averaged about 7 seconds. Before it shut down it had some spikes/delays.

I love how some Americans quote TV commercials.

 

The "1 BTC Seller" is probably an arbitrage bot, for every 1 BTC sold on mtgox there is usually a simultaneous 1 BTC buy over at bitstamp.

20k coins sold = bottom of the recent beartrap.

20k coins bought = into the 160s.

The bidwalls at 120 and 121.5 look like they're ready to to be pulled and the funds used to finance a market-buy push past 150, similar to what they did at 135 on August 30.

http://youtu.be/fWvPIEAgsrw