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The big-brain move would be to identify the wallets that must be trading on “insider” info, and copy their trades?
by vosper 5y ago
The big-brain move would be to identify the wallets that must be trading on “insider” info, and copy their trades?
- londons_explore 5y agoAnyone smart would use a new wallet each time.
- ianpurton 5y agoNot necessarily. If people buy after you trade then the value of your wallet goes up.
- mousetree 5y agoCould you explain further. I'm not sure I understand how this relates to the parent comment?
- drexlspivey 5y agoIt’s in their interest if other people copy their trades because the asset values will go up
- ButchC 5y agoImagine you you had a magic button that suddenly increased demand for a volatile security any time you pressed it. That would be a fairly valuable thing for some people.
- lbotos 5y agoIf I have information that the price of x coin is going to go up and my friend knows I know, then they just need to follow my trades and they can make money too. If enough people follow my trades then this can generate demand and actually affect the price.
- 0xdeadb00f 5y agoThese are people who use coinbase (and I assume work for coinbase too) for sketchy crypto trading. Already not the smartest.
- rosndo 5y agoWhy is this trading sketchy?
- 0xdeadb00f 5y agoI mean to be truthful I don't find it that sketchy, but clearly somebody does
- vlan0 5y agoThere was a time when this would work. But as we've seen with high profile taken downs, the folks like those at Chainalysis make it incredibly hard to obfuscate with any degree of certainty.
- fuckcensorship 5y agoThis isn’t true for Monero.
- cuteboy19 5y agoWithdrawals from Coinbase to would be indistinguishable from temporary insider trading accounts. And there are certainly a lot of withdrawals. And in many cases the trading happens off chain anyways
- matheusmoreira 5y agoYeah. Bitcoin for example has rich lists: we know the addresses of whales and can track their movements via the blockchain. Some rich person suddenly moving hundreds of thousands in bitcoin to an exchange can be a potent sell signal.