Has anyone else seen entities buying and selling to themselves for identical prices on big exchanges to keep the price stagnant? - Cryptocurrency Reporters - A Light To Cryptocurrency World

Saturday, 31 March 2018

Has anyone else seen entities buying and selling to themselves for identical prices on big exchanges to keep the price stagnant?


I'm talking amounts of 0.5 BTC - to 3 BTC. For example let's say for 30 minutes - an hour, they sell an altcoin for 15000 satoshis, then before it is all sold, switch around and buy the same or a similar amount for 15000 satoshis...It makes no sense to me because of the trading fees. It just makes it impossible for the price of the altcoin to progress up or down? Am I missing something?And if you try to undercut, it is clearly a bot because it undercuts or overcuts you in a millisecond, constantly. I have tried grossly undercutting by e.g 500-1000 sats and that works, but it just goes back to its original price and continues. via /r/CryptoCurrency https://ift.tt/2GnNQ27 I'm talking amounts of 0.5 BTC - to 3 BTC. For example let's say for 30 minutes - an hour, they sell an altcoin for 15000 satoshis, then before it is all sold, switch around and buy the same or a similar amount for 15000 satoshis...It makes no sense to me because of the trading fees. It just makes it impossible for the price of the altcoin to progress up or down? Am I missing something?And if you try to undercut, it is clearly a bot because it undercuts or overcuts you in a millisecond, constantly. I have tried grossly undercutting by e.g 500-1000 sats and that works, but it just goes back to its original price and continues.

I'm talking amounts of 0.5 BTC - to 3 BTC. For example let's say for 30 minutes - an hour, they sell an altcoin for 15000 satoshis, then before it is all sold, switch around and buy the same or a similar amount for 15000 satoshis...

It makes no sense to me because of the trading fees. It just makes it impossible for the price of the altcoin to progress up or down? Am I missing something?

And if you try to undercut, it is clearly a bot because it undercuts or overcuts you in a millisecond, constantly. I have tried grossly undercutting by e.g 500-1000 sats and that works, but it just goes back to its original price and continues.

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