Ever notice that the price starts rapidly rising as soon as you want to buy a small cap altcoin? Yeah, that’s me.
Let’s say an altcoin is quoted $0.5 at $0.51 100 each size. You want to buy 5000. So you post out a bid, paying $0.51 for 5000. You get filled in your initial 100, but then have to pay higher to get more. Fine you think, you’re willing to pay up to 0.55 or so.
Suddenly, someone else starts buying, taking all the liquidity up to 0.55. Now the market is quoted 0.55/0.56. You post a bid paying 0.56 for your remaining 0.49. You only get 100 again, and someone else (me) buys it up to 0.6
At this stage, I have bought about 2000 at an average price of 0.53 or so and am ready to sell to you. I put out an offer at 0.6, and you buy it.
I made some money because you had to pay a higher price. I do the same when there are sellers where possible. (Shorting not possible usually)
Pic related, a coin I’m active in.
Elijah Barnes
Ok.
James Reed
Every time you make a trade, I take a small cut of the profits.
Colton Morgan
Sorry. I only bought LINK and Moria at ICO price. So I doubt it.
Tyler Garcia
How many monitors you have and do you code(algo bots)
Elijah Morales
Two monitors. Yes I code, would be impossible otherwise.
Henry Gonzalez
Sure little bud.
Jose Rivera
I made 100k last year and I started in October.
My gains will increase hugely as my capital base grows.
Luke Jones
is it true that there is a bogbot designed for every human trader on binance?
Blake Morgan
Kek, my company makes markets on various bitcoin exchange. When ever you make a trade we take a small cut of your profit.
Hudson Sullivan
Yes
>he bought >dump it >he sold >pump it
Owen Walker
Why tip us off not to buy link? Its been desd all week.
You must be trying to fud. Cool. Guess it's mooning soon. Then other bots will join Noob
Christopher Cox
>I don’t take positions Bullshit, you get on all 4s and your knees everyday
Jace Johnson
Ok
Saged
Austin Lewis
>I made 100k last year and I started in October. Literally everybody else did too you massive faggot. Q4 was a good Q
Jackson Rogers
Do you use any TA?
Dominic Parker
are you into BTC/USD at GDAX?
Luis Morales
Except I don’t take positions. You are at the whim of the market: if it goes up, you win, if it goes down, you lose. I am making money from you whether the market goes up or down
Kayden Ward
>I am making money from you >you (You)
Evan Brown
No I only trade illiquid stuff.
Brody Anderson
>mfw market order bullshit I only accidentally limit orders at GDAX, uberlarper
Nolan Lee
worst thread on Veeky Forums currently
Ryan Jenkins
wow you're so cool heres your validation now fuck off with your shitty larp you gigantic fag