Buying Walls on zero value alt coins

[dexterrockypuppy]

Hi,

Ive been looking at a few low value coins ive never even heard of on yobit and the ones that have zero value all seem to have quite high buy orders ready to be filled. What is the point in this? as the buy order book goes all the way for example from over 700000 sats down to 1 sat on this specific coin ITI (this is just an example of one).

Is it a hope from the buyers perspective that someone comes along and sells these coins at this inflated price and therefore starts the market up in a hope to pump the price higher?

Thanks, Cal.

[1714661365]

1714661365

[1714661365]

1714661365

[1714661365]

1714661365

[dexterrockypuppy]

Anyone?

[Ayers]

i think on yoshit everything is rigged, there are plenty of bot that fake buy and sell order, and build a fake volume, all those coins are way died, if you see they are buying 1 unit each time, which tell you exactly why it's fake, avoid yobit, take a look at better exchange like cryptopia

[sp_skeptic]

Hi,

Ive been looking at a few low value coins ive never even heard of on yobit and the ones that have zero value all seem to have quite high buy orders ready to be filled. What is the point in this? as the buy order book goes all the way for example from over 700000 sats down to 1 sat on this specific coin ITI (this is just an example of one).

Is it a hope from the buyers perspective that someone comes along and sells these coins at this inflated price and therefore starts the market up in a hope to pump the price higher?

Thanks, Cal.

I think that these buy walls at very low prices are put there by people looking to profit from a flash crash such as occurred when a series of stop loss orders triggered a brief fall in the price of Ethereum to $0.10 recently.

[dr blowfin]

Only ever hear negative stuff about Yobit.
Stuck coins on the wrong chains and nothing done to resolve it seems pretty terrible.
Will avoid like the plague.

[Antikais]

didnt understand your question exactly but there is a chance to catch price at low with buy order. like this: https://www.reddit.com/r/ethtrader/comments/6j0rx5/despite_319_to_10_cents_flash_crash_ethereum/

and also same thing happened to dogecoin 2 weeks ago

[bobq]

Yes, these days before August 1st you occasionaly could have flash crashes of people who decide to sell everything and to go fiat and the sell all the book. If you have low buy orders you can make good deals.

[espante]

Sometimes flash crashes occur and you get coins extremely cheap so a lot of people put buy orders in at very cheap prices like 10-50% of current value. They tend to jump back up in price after such big falls so it can be lucrative.

When you say ones that have zero value is that based on your own feelings that they have zero value and are over inflated? Because what has no value to you may be worth a lot more to someone else, even if its only speculators.

[R.R. Toulkens]

Because what has no value to you may be worth a lot more to someone else, even if its only speculators.

Exactly, and this is good for the market, it brings liquidity. People are thinking as negative something which is positive, no one forces you to buy this or that, so do the homework and don't complain about something you can simply ignore entirely.

[LodisMcguire]

That yobit,many shitcoin listed in there,many trader lose money because of the fake pump
Don't fall prey on yobit,use other bigger exchange like bittrex and poloniex