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Am I wrong, but don't all the crypto "whales" know each other, and can't they synchronize buying and selling? Essentially their bots all start buying together,
by nodesocket 8y ago
Am I wrong, but don't all the crypto "whales" know each other, and can't they synchronize buying and selling? Essentially their bots all start buying together, wait for retail and other bots to join the uptick and then again all sell at the same time. Profit. Repeat.
- swiley 8y agoI'm pretty sure they don't all know each other unless you're referring to fake ones used to scam users of centralized exchanges (in which case they're the same entity.)