RE: Beware Crypto Traders !! Pump & Dump Group on Telegram

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Beware Crypto Traders !! Pump & Dump Group on Telegram

in cryptocurrency •  7 years ago  (edited)

@aqfaridi Hi, I just don't understand one thing. If I put 10x (BID) buy order, and after 2x sell, so I am expecting that price will pump up to 20x of initial BID? What if pump is just 3x ? I wont be able to sell anything.

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hi drarqon, when you place 10x of BID price, you will get the coins at ASK price at that time(which will be probably let say 1.5x), now, you have to see your buy price and put 2x of that price in sell order. It will work if price will go more than 3x. Right, hope you understood !!

I was looking for this clarification too, thanks. But if you put buy order at 10x BID price you can only put small amount (btc_balance/ask_price)/10, exchange won't let you put more than that. How can I maximize amount to buy? Thanks