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Order book spoofing still happens all the time. "Related to fleeting orders (inevitable order cancellations), laying involves adding volume at various price le
by Zarath 9y ago
Order book spoofing still happens all the time.
"Related to fleeting orders (inevitable order cancellations), laying involves adding volume at various price levels with the sole intention to influence other market participants into believing (observing) an order book imbalance or strong buying/selling pressure."
As a trader, this is something you should be learning to spot.
- OscarCunningham 9y agoRight, if people are expecting spoofing then it should lose money. People won't change their prices in response to it, but they will accept your overly generous offers.
- goldenkey 9y agoYou dolt. The orders get canceled before anyone could have a chance to eat through the order book and match them.
- Zarath 9y agoNot everyone does and there can be multiple layers of reverse psychology even if there is. Is this wall fake? If so, are they trying to fake that there is sell support? Or do they know people will think that and there really is sell support?
- gnaritas 9y agoIn the real world, that's illegal. In the bitcoin world, it will be eventually but until then, looking at the order book is a waste of time, it's all fake.
- Zarath 9y agoI kind of like it. Random walk price movements must be incredibly boring to trade against. The more manipulation, the more interesting IMO.
- Grangar 9y agoVery relevant article: https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4 https://hackernoon.com/meet-spoofy-how-a-single-entity-domin...