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

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No matter what time you look at Bitstamp, there is always a sell wall.

This sell wall moves back and forth automatically like it doesn't want to sell but only to scare people away.

It is at least 300K xrp big.

Anyone knows more about it function?

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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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29 minutes ago, Benchmark said:

Bots trying to scare human traders. Don't let them win the psychological game. 

You're right, but if the market volume doesn't improve in a dramatical way, they'll win in any case long term. Utility (if and when) will be the only way to beat whale bots.

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Guest

Spoofing?

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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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3 hours ago, XRPitty said:

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

I really hope so.  Lots of exchanges allow for this kind of activity when it's so easy to prevent.  There's a reason type of activity is illegal in stocks. 

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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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Guest
Posted (edited)

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.

Edited by Guest

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