Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
Ytterbium
on 25/08/2013, 18:53:57 UTC
As far as I can see I don't see the price go > 0.0038, the ask wall is too big. Time to sell and buy back later ? You know that people cannot hold for more than 2 days in the bitcoinworld.
Some of the big ask walls lately have been getting pulled when they get bitten. As if someone doesn't really want to sell but is trying to push the price down into their bids.

I'm going to try this sometime.. sounds like it might work

Sounds extremely risky.  You're basically selling low in the hopes that you will be able to buy lower by scaring people into dumping their shares.  But if it doesn't work all you've done is waste a ton of money.

If you really want to trade like the pros, what you should do is write a high-frequency trading bot