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RE: @ned & @dantheman DUMP 50,500 STEEM on Market today! WTF is going on?!

in #steemit8 years ago (edited)

It's OK go sell, but you shouldn't do it in large chunks like that, because you eat all the buy orders all at once. Instead you need to feed the coins into the market slowly. Wait for new buy orders to be placed, slowly sell, wait again for new orders, slowly sell, etc.

Doing it in one go will eat away the orders before buyers can come in and place new ones - that's what leads to falling prices.

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