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/biz/ - Business & Finance

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4630233 No.4630233 [Reply] [Original]

How to help any coins price go up.

Okay so I've been doing some tests and I think I found a way to make it easier for the price of coins to rise on an exchange by reducing selling pressure. Just for fun I put up a few hundred VTC for sale on bittrex for 0.015 BTC, waaay higher than anyone else was asking. I check back a few hours later and notice thousands of coins have suddenly migrated up in price to match me. I assume this is the work of bots spreading out their sell orders.

What this means is there are now less coins being sold at lower prices, which means there should be a little less resistance as the price goes up. If you repeat this process over several days it should have a pretty dramatic effect on how spread out the bots put their sell orders. We should all do this if you want the prices to go up for your coin!