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Price maniputlation

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• devonne

  

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  I also do not think 3k can manipulate the price in anyway.

  Posted on August 23, 2014 at 2:41 AM
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• 999endeavour

  

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  @mikerbiker6

  @cryptozio How do you think those 3k orders can manipulate the price?

  First the person buys up a lot of coins, look at the 'recent deals', only buy orders. then the person sells them for a lower price creating a downwards movement.

  So the "manipulator" buys high and sells low. That is a known wining strategy.

  Posted on August 23, 2014 at 3:31 AM
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• mikerbiker6

  

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  I see your sarcasm, but what I mean is lure others into selling too, and buy in cheaply afterwards. To spark the selloff, you have to lose some yourself first.

  Posted on August 23, 2014 at 4:26 AM
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