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Make some money as a whale

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• Alchemix

  

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  @coinadd1ct

  @alchemix

  @coinadd1ct If you are just learning about market manipulation thought this post then my advice is don't try it. It may seem simple, but there are many sharks in the waters that play this game every day. You will lose.

  Agree 100% with @coinadd1ct here. This is really a "manipulation 101" technique and should be avoided by the avg user...

  I set my mind about learning to day trade and spent 3 months doing so full time. I spent hundreds of hours learning and researching, watching charts, and trading. In the end, I decided it was not worth it.

  Now I buy and hold. Though I will be looking for the next peak. In any case, I'm in it for the long haul baby ;)

  Kinda like how i spent a couple years playing online poker... Now ive focused all that energy into crypto and fantasy sports.

  Getting back on topic tho, im glad OP posted that this is very risky and should be pretty avoided by those who has no experience on the subject.

  I would hate to see anyone lose a lot of their LTBC trying something that might lead to disaster.

  Posted on October 14, 2014 at 5:29 PM
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• alul

  

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  nice info for trading, maybe i can try this

  Posted on October 14, 2014 at 10:33 PM
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• Tintin

  

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  Another method would be to dump a lot of coins just before the weekly distribution, buy orders are filled and you place a very low buy order( but still the highest one of the orderbook). Wait for the distribution and let the natural selloff fill your buy order. you now have bought back your shares at a lower price.

  Posted on October 17, 2014 at 7:38 AM
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• William

  

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  @tintin I am sure some of you own a lot of LTBc, here is one strategy to make a killing(succes not guaranteed): First move all your coins to an exchange, poloniex for example, you will need about 0.5M first, and maybe another half million coins later.

  1m LTBc ≠ whale

  check assetholders: http://blockscan.com/assetInfo.aspx?q=LTBCOIN

  Posted on October 17, 2014 at 10:52 AM
  Last Edited: October 17, 2014 at 10:54 AM
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• firstcoin

  

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  If you have 1 million LTBc you are in the top 30, in my opinion 1m = whale.

  Posted on October 17, 2014 at 11:04 AM
  Last Edited: October 17, 2014 at 11:04 AM
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• Tintin

  

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  @firstcoin If you have 1 million LTBc you are in the top 30, in my opinion 1m = whale.

  I agree, you may not have the most coins off all, but 1m volume in one direction (sell/buy) is massive!

  In addition, most of the high volume wallets are not necessarily from people trading. So they won't be a problem.

  Posted on October 17, 2014 at 11:10 AM
  Last Edited: October 17, 2014 at 11:13 AM
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• firstcoin

  

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  Probably whales believe in this project and will hold their stacks long term.

  Posted on October 18, 2014 at 12:38 AM
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• Tintin

  

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  I have put some 'low-ball' buy orders out there, maybe this weeks dump is as ridiculous as last weeks and it gets filled. Wait one day for the dust to clear and sell high. If it doesn't get filled, I didn't lose any money so risk is very low.

  Posted on October 25, 2014 at 7:36 AM
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• buywall

  

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  @tintin I have put some 'low-ball' buy orders out there, maybe this weeks dump is as ridiculous as last weeks and it gets filled. Wait one day for the dust to clear and sell high. If it doesn't get filled, I didn't lose any money so risk is very low.

  Yes I saw the sell off of the last week and I was planning to do the same :P

  Posted on October 25, 2014 at 7:45 AM
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• Tintin

  

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  @buywall, as your name suggests haha. Do you trade much?

  Posted on October 25, 2014 at 8:07 AM
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