/biz/ - Business & Finance

[Anonymous No.8008820]

What happens if a whale decides to pump a shitcoin BUT only its' ETH pair?

[Anonymous No.8008836]

>>8008820
pair don't mean shit

[Anonymous No.8008856]

>>8008820
theoretically its price will rise on its other pairs too thanks to arbitrage traders

[Anonymous No.8008893]

>>8008856
This. Arbitrage opportunities usually even out within minutes if it is all with teh same coin on the same exchange. I arbitrage traded the fuck out of BNTY and DBC in december and turned the $50 i sent to kucoin to buy BNTY into $700 easy.

[Anonymous No.8009005]

>>8008856
Yeah this.

>>8008820
OP, think of it like this:

If someone is going to pump an alt/Eth pair, one way of finding an arbitrage opportunity is to convert all other pairings to their Eth value as well.

Example: If alt_X/Eth is pumped, convert alt_X/Btc to the Eth value (or, more specifically, its own alt_X/Eth value).

If you find that the pair you just converted from Btc to Eth is cheaper than the actual alt_X/Eth pair's value, then you should buy alt_X with Btc, then sell alt_X for Eth.

[Anonymous No.8009048]

me want to spread her legs and fuck pussy

[Anonymous No.8009161]

>>8009005
In the given example, you would also have to account for the fiat value of both Btc and Eth, and see whether or not it's actually a profitable plan overall, in fiat terms. Transaction costs/delays are also a thing.

[Anonymous No.8009401]

d-desu...