/biz/ - Business & Finance

[Anonymous No.3363940]

>be bigass fuckhuge gigantic moneybags whale that has spent weeks accumulating a stable mid range crypto
>crypto X is at 50k sats
>put up humongous wall at 51k sats
>price drops to 49k sats
>replace wall at 50k sats
>price drops to 48k sats
>replace wall at 49k sats
>repeat until price is 25k sats
>remove wall and purchase the same amount on crypto X you have accumulated
>price goes back to 50k sats
>doubled your money with zero risk

Why don't rich people do this 24/7?
>inb4 they do you fucking retard
Yeah they might suppress prices with sell walls, but why don't they aggressively push prices down by replacing the wall every time it drops a little bit? Checkmate athetits

[Anonymous No.3363946]

Because you gotta be pretty fucking rich

[Anonymous No.3363952]

>>3363940
what if another whale just wipes your huge walls

[Anonymous No.3363953]

>>3363940
because there will come a bigger whale and buy your bag then you lost all influence in the coin. The other whale took control

[Anonymous No.3363954]

>>3363940
because other whales trying to do the opposite

then you have whale wars

[Anonymous No.3363995]

>>3363952
>>3363953
>>3363954
I see. And if he buys your big bag when you're placing a wall below your initial investment it's risky. Unless you're rich enough to place unbuyable walls

[Anonymous No.3364406]

>>3363940
>be bigass fuckhuge gigantic moneybags whale
first order of business?
gtfo 4chan