Re: [ANN] DERO FIRST SSL BLOCKCHAIN: CryptoNote Privacy + Smart Contracts

Any new larger exchanges on the horizon?

Stocks is heavily manipulated,

Maybe its me but I've noticed a lot of 51 / 102 dero buy and sells day in day out to keep the price low it's uncanny.

No, it is not only you, I saw yesterday a price manipulation at 14:00 pm with transactions of 50 and 18 DERO, that for two hours someone buy and sell constantly to increase the price. Do not get me wrong is good that the price increase. However, this technique is not ethical to do it, and also in not real, in long term will make real damage to the project. I know a lot of people will attack this comment, but to prove it, just see the graphics in tradeogre before making it.

Some whale is also spoofing the buy side.. dropping 1-3 btc buy orders.. to push the new buy orders above their large buy order.. but once the price drops to their buy order they pull it and move it down a little while later. Its illegal in stock market, futures market, forex markets.. but its the wild wild west in crypto an most exchanges are likely doing little to actually stop this as i've seen spoofing on numerous exchanges in real time. Its probably best to ignore insanely large buy or sell orders on both side of the book because they're likely going to be withdrawn before the price hits its target. Not sure if its actual people doing this in real time or if its HFT algorithms.. i know HFTs are involved in crypto and have been for years if i'm not mistaken. If someone drops a large sell order on the sell side they're trying to push the price down.. if they're dropping a large buy order on the buy side they're trying to push the price up. (if they remove the order when its price is triggered or passed) an then replaced lower down the stack.

how could bot trading or high frequency trading illegal? it is the freedom for the whales to invest time and money to do it. they do price manipulation at their own risk because there may be another bigger whales behind. if you find the game is unfair to you, just not joining this game.

I didn't say HFT was illegal. Most markets on the planet allow HFT which is ridiculous because it should be illegal. They usually rent a virtual private server right next to the exchange and run an algo that can react in factions of a second scalping incoming orders.. front running trades. That being said I didn't say it was illegal. I said spoofing the markets in an attempt to move the price of an asset in a particular direction is illegal. Essentially its creating large orders in the order book to move an asset price up or down and if the price of the asset gets to the large order they pull it before its executed because the order wasn't place in good faith it was placed to manipulate the market.