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Re:How the Robots Lost: High-Frequency Trading's Rise and Fall by gd1 on Thursday June 06, 2013 @03:11PM (#5834543)
If you want to buy 1000 bitcoins then cross the spread, take out the best offer, and buy 1000 bitcoins. If, on the other hand, you want to stick a bid into the market in the hope that someone else will cross and take your (lower) price instead... then yes, other participants will react to that.

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