Welcome Back Spoofy.
100M USD bids flashing on Bitfinex.
6 years ago in #bitcoin by kryptokayden (58)
$2.44
- Past Payouts $2.44, 0.00 TRX
- - Author $2.08, 0.00 TRX
- - Curators $0.36, 0.00 TRX
Something something spoofing, budz. https://en.wikipedia.org/wiki/Spoofing_(finance)
Spoofing (finance)
Spoofing is a disruptive algorithmic trading entity employed by traders to outpace other market participants and to manipulate commodity markets. Spoofers feign interest in trading futures, stocks and other products in financial markets creating an illusion of exchange pessimism in the futures market when many offers are being cancelled or withdrawn, or false optimism or demand when many offers are being placed in bad faith. Spoofers bid or offer with intent to cancel before the orders are filled. The flurry of activity around the buy or sell orders is intended to attract other high-frequency traders (HFT) to induce a particular market reaction such as manipulating the market price of a security.
Makes sense, I should have DYOR'ed before asking XD
DMOR'ed?
Bullish on $DYOR lol
Da buy signals are going CRAZY!