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Title: Buy P2P, sell on exchanges. Is it dump? Post by: keepandhold on December 01, 2018, 09:00:38 AM Do you have ever thought that someone is buying P2P cryptocurrency what would buy orders are not displayed in the statistics and then selling a part on the exchanges arranging a dump, while they themselves are accumulating perspective coins at low prices?
Title: Re: Buy P2P, sell on exchanges. Is it dump? Post by: talkbitcoin on December 01, 2018, 09:51:44 AM you mean buying coins outside of exchanges then sell them on exchanges?
that is something that is always happening but there is always a balance. because there is also others who buy on exchanges and sell away from exchanges (off the market). besides if you want to crash price of an altcoin you don't need to do these things. a whale simply selling his coins on exchanges will crash 90% of them since they have small markets. Title: Re: Buy P2P, sell on exchanges. Is it dump? Post by: Nowherman on December 01, 2018, 12:20:19 PM I think dumps are exactly that. Whales buy bitcoins using the P2P and then sell them on crypto exchanges. There are several bots in Telegrams that track the movement of large amounts of Bitcoin. These bots show interesting bitcoin movements of about $ 20–30 million in recent times.
Title: Re: Buy P2P, sell on exchanges. Is it dump? Post by: bob3772 on December 01, 2018, 12:23:45 PM Do you have ever thought that someone is buying P2P cryptocurrency what would buy orders are not displayed in the statistics and then selling a part on the exchanges arranging a dump, while they themselves are accumulating perspective coins at low prices? I'm not sure how someone would be able to profitably buy coins in one place and then sell them in another just to cause a dump that allows them to then buy cheaper coins. It seems as if they'd lose any profit they gained from buying cheap coins, in the process of actually getting those coins and dumping them on the market. Unless they can find discounted coins P2P but then why bother dumping the market? |