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?
There are 2 place you can buy BNT now.
1) exchanges - bittrex,liqui,etherdelta
2) BNT smart token contract -
https://www.bancor.network/bntIf whale try to manipulate by dumping and bring down the price in any exchanges, the price in the
BNT smart token contract -
https://www.bancor.network/bntWont get affected because the asynchronous price discovery use is based on formula here.
Higher the token number higher the price and vice versa.
So when whale dump in exchanges, price in Bancor website still high,
Here Arbitrage (anyone) will take opportunities to bring the price into equilibrium. (Buying the low price token in exchnges and sell in BNT smart contract for profit, hence increasing back the price to equilibrium)
Hence the whale will just loss instead of gaining anything here.
Thats why its quite impossible to manipulate the bnt price here.