Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
by
carlisle1
on 14/08/2017, 13:31:33 UTC
It's very difficult for Bancor's price to increase. I have seen this time and again whenever somebody buys a large chunk of BNT on Bittrex and pushes the price up within minutes, the automated arbitrage bots bring the price down by arbitraging against the smart contract. I don't see how the price will increase.

That's one of the purposes of the Bancor protocol, to prevent spike/crash cycles and instead have gradual rises and falls.
cool so if I understand it correctly if ever some whales make a shake and dumped their coins support coming from bot will show up and put the coins back
or to put some walls to make sure that the value would not dumped that hard, is that right sir?