(Speculation) Does Binance have their own bots that run down the price of coins?

[Pritchy]

It seems anytime a coin has added to Binance the value drops big time. Trading on there I see bots are rampant and are certainly largely responsible for driving down the value of coins. They constantly sell for cheaper than everyone else and try to buy back cheaper, they do many micro transactions so only need to scrape micro profits per trade.

Now the weird thing is you google bots that work on Binance and you won't find any! So either this is custom bots at work or Binance has their own making extra cash. They must be making a fortune constantly undercutting and over cutting by 0.00000001 each transaction at instant speeds...

Either way Binance seems to be terrible for a coins health and the bots are largely to blame.

[TheCoinFinder]

Yeah, binance run their own bots behind trades and they change its programming constantly to maintain security and profit level.
It is possible to beat bots,there are great programmers who make own bots and technically program future events into it to fight binance's official bot.
In short, whales steal coins doing same procedure.

[Pritchy]

Really ICO coins should be avoiding this platform then cause it dumps every coin that gets added!

[crazyivan]

Well, that s the whole point of ICOs, they get dumped after being added to the exchange. That s how speculators make money. What did you expect?

[Pritchy]

but real bidders buy coins to hold and gain value. Bots just do lots of micro transactions, pushing the price down and down before moving onto the next coin they can make micro profits trading.