Fun with bots — Let’s make a massive sell wall at $20K!

Hey hodlers! Let's have some fun with the trading bots.

First let me explain something that you may not know if you're not a traditional "investor"

When third parties hold your — let's say — stocks for you, did you know that they can trade them and write contracts on them as long as you don't put them "on order?" One old trick is to place your shares on order, meaning, set a limit order at a price much higher than the current price. This prevents your broker from lending your shares to short sellers (and actually forces short sellers who may have already borrowed your shares to close at the current price). This article explains more about the concept

I did something fun today — instead of sending all of my latest purchase to cold storage, I placed half of it on order for sale at $ 20K. I'm sure today's nice little rise had nothing to do with my little order, but it got me thinking…

What if 10,000 people placed a tiny limit order of, say .02 BTC at $ 20,000? The bots would see these orders. It would really "mess with their heads" because the order book plays a role in most trading algorithms.

I DO NOT SUGGEST ACTUALLY SELLING AT $ 20K because next time we go there, we will overshoot it by a mile. What I am suggesting is that we each pile on a little dust in limit orders at that level just to fuck with the bots.

This post will undoubtedly be downvoted heavily. Please upvote and share if you think this is an interesting idea.

submitted by /u/diydude2
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Bitcoin – The Currency of the Internet

This time last year Bitcoin took off at Thanksgiving. As it became the most-discussed topic over the turkey dinner, the price shot up to $10k. Three weeks after Bitcoin hit its all-time high. Now let’s hope you all talked about Bitcoin instead of nailing that turkey

This time last year Bitcoin took off at Thanksgiving. As it became the most-discussed topic over the turkey dinner, the price shot up to $  10k. Three weeks after Bitcoin hit its all-time high. Now let's hope you all talked about Bitcoin instead of nailing that turkey submitted by /u/spadewalk
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Bitcoin – The Currency of the Internet

I improved a thing. Moon Banking lets you rank banks on crypto friendliness.

Banks are the worst. We all know it, but I still use them — for now.

Moon Banking lets you rank banks on crypto friendliness with your votes and stories: https://moonbanking.com

Moon Banking was initially released earlier this year. I just released a big update:

  • World-level rankings
  • Country-level rankings
  • Charts on charts on charts. So many charts.
  • Next level redesign
  • Advertise using Lightning Network payments
  • SEOd to the max so people can actually find the thing
  • More API resources
  • Other stuff!

Feedback appreciated!

submitted by /u/CryptOpinion
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Bitcoin – The Currency of the Internet