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14858383 No.14858383 [Reply] [Original]

can someone pls explain to a complete brainlet, why whales dont buy a coin on leverage, set a high sell order and afterwards market buy that coin until the own sell order passed, and then just sell the second amount for the current market price?

>> No.14858406

>>14858383
Implying they don't.

>> No.14858413
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14858413

he knows


kill him

>> No.14858423
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14858423

>>14858383
What do you think happened today ?

>> No.14858422
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14858422

On a different brainlet question, how is leverage even a thing? Where the fuck do exchanges get the money to pay for 20x leverages?

>> No.14858435

jesus christ

>> No.14858446

>>14858422
From you leveraging

>> No.14858467
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14858467

>>14858383
I will say its not just in the purview of whales though, I made my money similarly. I would get two screens (each eith dedicated keyboard for speed) and set up my buys on one and my margin trade on the other.

I'd hit a x100 leveraged long at the exact same moment as market buying as much btc as i could. I'd then take the 0.01% increase and immediately close my position.

Doing this i built up my stack that now when i do it i make moves so large i work in octaves so as not to disturb the market. I set my longs at 1000x then market buy the circulating supply to bring the value up and back around to exactly where it was, thus exponentially increasing my holdings each time and at most astute traders might notice a frameskip.

>> No.14858496

>>14858383
>set a high sell order
possible, however the reality is on any exchange with decent volume, random sellers will destroy your ability to "walk the price up"
Much better to do this with 5% spreads

>> No.14858571

>>14858467
absolutely fucking based, if true. too bad im too poor to manipulate anything

>> No.14858597

>>14858467
that's scary as fuck. what if an exchange has a trading account that discovers your activity and decides to fuck with you the next time your trade like that.

>> No.14858630

>>14858597
why would an exchange care tho...they're getting the fees

>> No.14858752

>>14858630
the might if they can profit on your destruction with their own position

>> No.14858813

>>14858467
Are there any laws against this, maybe not in crypto but at least in stocks? I have no plans of doing it myself, but I am curious.

>> No.14859627

>>14858597
>what if
>if
try it on bitmex