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/biz/ - Business & Finance

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6074858 No.6074858 [Reply] [Original]

>see random shitcoin on binance down 15+%
>see that it has stabilized for a few hours and clearly isn't dropping any further
>go all in
>put sell order 15% up
>rinse
>repeat

Is there any reason I shouldn't do this? I feel like if something dips in crypto you know its coming back since they don't have any underlying value anyways.

>> No.6075077

>>6074858
ahhh, everyone here buys high so this thread is useless

>> No.6075298

>>6074858
It works short term. But eventually it takes longer and longer to come back. And eventually it won't come back.

>> No.6075367

did it with tron but lost .4 gains due to being greedy, really only worth it if you're buying and selling high volumes and eventually it won't go back up

>> No.6075510

>>6074858

>look through all shitcoins on binance
>find ones with large sell order 15% above current price
>make sure there is a similar sized buy order just below current price
>keep an eye on it to make sure whale doesn't bail on it
>easy
>wait 7 hours
>see TRX jumping again

>> No.6075859

just tried it with appcoin, gained .03 bitcoin, not too bad for 20 minutes.

>> No.6075950

>>6074858

Going to be honest, I don't have enough money to make this strategy worthwhile. Sounds like it could work though.

>> No.6076100

>>6075950
then find a coin where a whale has set it up for you. RCN is in a good spot right now for this.

>> No.6076138

>>6075950
youl get there anon. Keep up the hard work, build your inner power, and don't spend too much time on biz, just an hour a day + when happenings