Post
Topic
Board Altcoin Discussion
Re: Market Manipulation Techniques for Beginners
by
odolvlobo
on 29/08/2015, 21:34:41 UTC
Taking a difference of 367, will require your sell order to be placed at 0.00024985. If anyone
competing with you, places order below that rate, then you have successfully manipulated the order-book
hence the market itself.

There are two problems with your instructions that make me doubt your expertise.

First, if you place a sell order at 0.00024985, then you are selling below the highest bids. That doesn't make sense. You can place an order as high as 0.00025002 and it will be executed immediately.

Second, by placing a sell order, you are not manipulating the order book or the market. You are placing an order, just like everyone else.