Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I just zoomed in to the 1m chart and it seems as though someone did a market sell of ~590 bitcoin. That's like diving into the shallow end of a pool.
... who would do such a thing?When I used to trade an exchange a lot I’d put something like 70% of my balance on a stupid low order and then trade with the rest, just as a way of separating my funds..
I would also put in stupid low orders before I went to sleep, or quit..
I'm still using this strategy, or at least still trying. I always prefer to have 50%+ liquidity locked into some hideously low buy order, just in case. When it works it's an amazing get rich quick scheme!
Though currently only using Binance and liquidity is too high for it to work with common trading pairs, needs to be done on some shit exchange like Kraken or Bitstamp I imagine.
We always figured somebody screwed up and missed a decimal, or accidentally put one too many or one too few numbers in their order..
Like if that guy was trying to place that sell at 69800, but accidentally missed a zero and sold at 6980, that’s what you’d see on the charts..
It happens..
Like if that guy was trying to place that sell at 69800, but accidentally missed a zero and sold at 6980, that’s what you’d see on the charts..
It happens..
Also known as fat fingered discounts
