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Title: Why so much money in HOT and what does it mean Post by: forestx on December 14, 2018, 02:08:56 PM Just looking HOT or HOLO on Binance
In the last 4 weeks or so it has traded between 0.00000012 and 0.00000014 Trading volume last 24 hrs 74btc but there seems to be Huge figures in the trading book like at 192btc at 0.00000014 70btc at 0.00000016 while less money for people wanting to buy we still have large amounts 160btc at 0.00000012 and 58btc at 0.00000010 What does that tell us about the market and if its possible to trade off it Title: Re: Why so much money in HOT and what does it mean Post by: dinoloverpete on December 14, 2018, 04:03:18 PM Just looking HOT or HOLO on Binance In the last 4 weeks or so it has traded between 0.00000012 and 0.00000014 Trading volume last 24 hrs 74btc but there seems to be Huge figures in the trading book like at 192btc at 0.00000014 70btc at 0.00000016 while less money for people wanting to buy we still have large amounts 160btc at 0.00000012 and 58btc at 0.00000010 What does that tell us about the market and if its possible to trade off it Given the low satoshi price there's always a high margin to trade. If you can buy and sell at current market prices you can make something like 7%. Therefore if the price is stable it's a great place to trade and profit. Title: Re: Why so much money in HOT and what does it mean Post by: liuqi on December 14, 2018, 05:06:32 PM Just looking HOT or HOLO on Binance In the last 4 weeks or so it has traded between 0.00000012 and 0.00000014 Trading volume last 24 hrs 74btc but there seems to be Huge figures in the trading book like at 192btc at 0.00000014 70btc at 0.00000016 while less money for people wanting to buy we still have large amounts 160btc at 0.00000012 and 58btc at 0.00000010 What does that tell us about the market and if its possible to trade off it Given the low satoshi price there's always a high margin to trade. If you can buy and sell at current market prices you can make something like 7%. Therefore if the price is stable it's a great place to trade and profit. Title: Re: Why so much money in HOT and what does it mean Post by: Obiwankenodium on December 14, 2018, 06:38:45 PM Just looking HOT or HOLO on Binance In the last 4 weeks or so it has traded between 0.00000012 and 0.00000014 Trading volume last 24 hrs 74btc but there seems to be Huge figures in the trading book like at 192btc at 0.00000014 70btc at 0.00000016 while less money for people wanting to buy we still have large amounts 160btc at 0.00000012 and 58btc at 0.00000010 What does that tell us about the market and if its possible to trade off it Given the low satoshi price there's always a high margin to trade. If you can buy and sell at current market prices you can make something like 7%. Therefore if the price is stable it's a great place to trade and profit. Title: Re: Why so much money in HOT and what does it mean Post by: dinoloverpete on December 15, 2018, 01:23:14 PM Just looking HOT or HOLO on Binance In the last 4 weeks or so it has traded between 0.00000012 and 0.00000014 Trading volume last 24 hrs 74btc but there seems to be Huge figures in the trading book like at 192btc at 0.00000014 70btc at 0.00000016 while less money for people wanting to buy we still have large amounts 160btc at 0.00000012 and 58btc at 0.00000010 What does that tell us about the market and if its possible to trade off it Given the low satoshi price there's always a high margin to trade. If you can buy and sell at current market prices you can make something like 7%. Therefore if the price is stable it's a great place to trade and profit. Yah, I didn't say it was easy, just explained the reason for the deep orderbook and high volume. The other thing to try is making sure that your order is one of the first ones filled if there is a change in price. I used to use this technique frequently with coins under 100 satoshi but on bittrex instead of binance. Title: Re: Why so much money in HOT and what does it mean Post by: Red-Apple on December 17, 2018, 11:13:31 AM while less money for people wanting to buy 160 bitcoin is indeed less than 192 but they are both high enough that you can't really say there is less money in buy orderbooks! it is still pretty huge.Quote What does that tell us about the market and if its possible to trade off it i am not familiar with this particular coin but if it is really that "hot" then as dinoloverpete said it is because it has a low price. similar to Doge these coins have the potential of being super profitable when they are pumped sine it is always easier to pump a coin from something like 0.00000010 to 0.00000100 than it is to pump it from 0.01000000 to 0.100000000. both pumps are 10x pumps but the first one is super easy in comparison. |