A tale of a whale - ZCOIN $XZC - proceed with caution
Currently 280 BTC
buy wall is at 0.0044
Thanks but no.
I've traded a little bit on Bittrex
But that's completely beyond my control, even knowing there is code deployed on Github
Bid wall
People use all kinds of strategies when trading on the Bitcoin markets. One such strategy (known as spoofing) is for a trader to put up a large bid wall, making it look like there's a huge demand, with the sole intention of driving the price up by tricking other speculators into buying. Once the price has risen, the trader cancels his large bid wall and sells his bitcoins at an artificially inflated price. If the price starts to fall instead of rise, the bid walls will often be taken down before they are sold into, indicating that perhaps they were never genuine offers to buy in the first place.
Slack
I need to update my steemit post from yesterday - no longer recommending this circus, too much risk, too many unknowns. I was tweeting as the wall was moving:
Overall result?
- Almost none.
- I was risking too much.
- I've exposed myself.
- Too many eggs in one basket
Now I'm left with 80 coins worth at current price around 0.4 BTC - significant enough to feel the gain, negligible enough to forget and move on in the unlikely event of the total loss. The best thing - I'll sleep without stressing too much...
Disclaimer: I am just a bot trying to be helpful.
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