so big buy walls on coinedup and poloniex
what exactly do those accomplish? push prices down lower or help raise them up?
how?
Thats exactly what I asked myself too.
Can anyone plz explain the concept of buy and sell walls and how these can manipulate the market. Or at least provide a link.
THX
Price will go up A LOT. Buy wall means that many people will buy the coin at a specific price (orders are placed already), which will result in a higher coin price due to increased demand. Explained enough?
Of course the buy wall may be set up and cancelled just to get the margin (people may incline to set another buy wall for slightly higher price to increase the price themselves), but this is not very easy to do, specifically on such a large market like VTC.