new listing on Bittrex, extrem Buyorder

[Dennoo]

Hi Fellas,

i was always curious but never asked why there is always a buyorder of 1 BTC for any altcoin that gets  newly listed on Bittrex.
And this continues f.e. with orders of 0.7, 0.5 btc per coin even if the coin is already listed on different exchanges and traded for 1k sats.

whats the benefit of it, why would people throw out so much money?

[1714904514]

1714904514

[RichardBTC]

my guess would be to try and cause a pump, and then when it gets to a certain value then that person dumps, make a quick buck. The guys doing that are also most likely the guys that have 1000s of bitcoin that they can just throw 1 at the new coin and hope for a hit.

[Dennoo]

my guess would be to try and cause a pump, and then when it gets to a certain value then that person dumps, make a quick buck. The guys doing that are also most likely the guys that have 1000s of bitcoin that they can just throw 1 at the new coin and hope for a hit.

hi mate, not sure if this could be the reason because none of these coins pumped after this. also its not like someone is buying 1:1 for the coin,
today on salt listing: 0.06xxx salt for 1 BTC.

[nomad1109]

Hm, seems weird. My first instinct is that they're trying to manipulate the market, but if it's on every coin and there's never any change that doesn't seem like it. Maybe they list the opposite order right before to make sure they get it, to manipulate the liquidity and make the coin seem more attractive?

[blacktux88]

As i now Bittrex only list coins with have a company in back =? or am i wrong ?

 

[Dennoo]

As i now Bittrex only list coins with have a company in back =? or am i wrong ?

 

dont think that this has something todo with the fact that someone sets a buyorder on every coin for 1 btc