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58336441 No.58336441 [Reply] [Original]

While zoomers are focusing on shitcoins, I still use oldfag strategies by going to backwater exchanges chucking $25 dollars on every low volume, high spread coin and set a limit order for x20 depending on the order book and wait for whales to fat finger a market buy.

>Does it work?
Yep.
>you're profiting off other peoples misery!
So are poos rugging newly listed tokens on a daily basis.

If you're ever in 3-4 figure hell, give it a try.

>> No.58336524

>>58336441
What backwaters exchanges?

>> No.58336640

I too would like to know.

>> No.58336682

>>58336640
>>58336524
https://coinmarketcap.com/rankings/exchanges/
Sort by weekly visits, then pick an exchange with a high number of listings and a relatively moderate volume.

Pick a turf, not telling you mine.

>> No.58336697

>>58336682
To help, you want one that has a decent amount of visits (number of potential fat fingers), as many listings as possible (number of opportunities) and low to mid volume (an indiciator of how much money might be pumped into a fat finger and how much money is moving around in it).

>> No.58336700

you can also adapt a MEVbot inside some of those and trade their latency
not a lot of profit, but it's free money

>> No.58336915
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58336915

>>58336441
the vast majority of zoomers are just looking for a good laugh to avoid crying about the lack of job opportunities, if they knew they could make money with projects like satoshisync they wouldn't be looking at the shicoins.

>> No.58337441
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58337441

>>58336915
MUMU bulks better

so MUMU deserves those 4 figs

>> No.58338061
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58338061

>>58336682
Thank you anon.

>> No.58338399
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58338399

>>58338061
You're welcome. Good luck.

Further tips, its better to pick coins that have doomped parabolically and stabilized for a few weeks then gone inactive than frequently traded coins, call groups and P&Ders seem to preference these coins in this era of crypto so there is always a chance to get in even before the owners pack their bags.

Check the charts of each coin and see what has random pumps and how much was put into it in a single 5 min candle in USD. It should give a good estimate of where to put your sell orders in the book and which coins to prioritize, if lets say you had 500USD and had 30 coins to pick from, but wanted to split it 25 dollars on each of them.

Furthermore, its a game of diminishing returns percentage wise. The more you put in, the less likely your order will fill and need to set the coin at lower profit multipliers for it too fill, likewise your orders will likely never fill if you dumped 2k into one coin and set it to x15 but each pump only has 5k of "fat finger" in it.

After a while it becomes more profitable and wayyyy less time consuming to invest "properly" than hunt whales on random pumps. Low 5 figures should be a good exit strategy if you're starting with 3 figs - 4 figs/edge of homelessness or mid 5 figures if you're an autist and want to research coins, stare at charts and maintain optimal order books as the selling environment changes.

t. '16fag