Idea: Sketchy exchanges are trying to make the most money they can.
i wanted to say the same thing but the problem with this idea is that they are putting up "huge" sell walls at a very low price of 0.004 according to the picture and in comparison with yobit.
they are either stupid or have other agenda against LISK.
Looks like a Futures Market has been created in the crypto space. A dangerous development.
A question:
Can an individual buy a LISK IOU at say 1,000 sats and then sell it at 2,000 sats, making BTC profit without any LISK changing hands?
If yes, then this is a futures contract market and they are manufacturing BTC profit out of thin air!
A question:
Can an individual buy a LISK IOU at say 1,000 sats and then sell it at 2,000 sats, making BTC profit without any LISK changing hands?
If yes, then this is a futures contract market and they are manufacturing BTC profit out of thin air!
LISK is NOT released yet. period.
anything that is being bought/sold is just a promise out of thin air.
these exchangers might not even have enough LISK to cover withdrawals by the time of release and when anybody would want to withdraw what they have bought so far.