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Anybody knows why there is always a sell wall at Bitstamp?


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It's like that on every exchange at all times. Even Poloniex has a 800k XRP sell wall at 5k sats atm. 

Sure it's frustrating for holders but it just makes the inevitable pump that much more explosive. In 2017, XRP went 6 months between $0.20 - $0.29 and we know what happened after.

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It's frustrating because it would actually be so easy for exchanges to fix this via a few lines of code.  It's very easy for scripts to identify spoofing yet exchanges allow it.  They could also so very easily programmatically make wash trading impossible, but perhaps they want that kind of activity to pump their numbers.

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45 minutes ago, 2ndtimearound said:

It's frustrating because it would actually be so easy for exchanges to fix this via a few lines of code.  It's very easy for scripts to identify spoofing yet exchanges allow it.  They could also so very easily programmatically make wash trading impossible, but perhaps they want that kind of activity to pump their numbers.

Do you guys think that this is something that will be addressed with the new upcoming FAFT regulations?

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I would call it liquidity? Imo it is a (bot) trader waiting for a good deal. He wants to get a good price, e.g. > 1% of the expected market price. So he moves his offer every time he sees the market price move. And if buyers take his offer he can sell again with a little profit. 

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Okayish summary of what tactics are used in crypto that are banned in Forex and Stock markets. This **** isnt new, but people for some reason rehash the unregulated market agenda. Without proper regulation this is a scamers dream.

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