Jump to content
Sign in to follow this  
perebass

Someone is going to buy 1 346 245 XRP

Recommended Posts

1 hour ago, sneaks said:

More likely it means the opposite. Whale will spoof a large wall to bid the price up, pull the wall and dump into the bid strength

For example, from our latest drop:

image.thumb.png.fdbbae776059115d6fb9c7c909a19404.png

Yes, this an issue.

The irony is you can almost achieve a similar effect yourself by going on the smaller exchanges and trading more exotic pairs.

I’ve been trading a small amount of BTCP/LTC on TradeSatoshi, and you can shift the market by placing a higher bid that doesn’t quite sit high enough to get filled immediately, others then jump in a higher price to try and get filled first. I could then in theory remove my bid and sell instead.

I think a lot is to do with what proportion of the liquidity you control. On an exchange where current bids may be worth a total of around 1BTC, it is easy to shift things with a small amount of money, and I guess a whale can do this on bigger exchanges.

Share this post


Link to post
Share on other sites
Guest

This has been going on for literally years. Are people only realizing now?

Share this post


Link to post
Share on other sites
Sign in to follow this  

×
×
  • Create New...