Post
Topic
Board Altcoin Discussion
Re: whales buy and sell with themselves in coordination to manipulate prices
by
ObsidianCharlie
on 16/09/2018, 09:35:18 UTC
If you're a whale and want to dump a big position:

Step 1: Pump the market by small buys on light volume and drive the price up.

Step 2: When the suckers see the run up and think that they can get rich quickly, then dump as quickly as you can before the market falls too much.

Step 3: Repeat.

Of course, this only works so long as there are enough suckers who will buy as the price is increasing.