You may used convert or bought with market price. That’s not | Crypto Perpetual Wanderer on Binance Square

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Crypto Perpetual Wanderer

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You may used convert or bought with market price. That’s not safe. Always do limit buy.

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$ETH Please help!! Will you tell me why I bought ETH at the bottom where it was 3100 for $120, now it has increased by +5% and I should have a profit of $7 and I have now I am still slightly in minus xdd, what's the matter?

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Why are bots constantly manipulating the market? Are they malicious or they do it for a good will? You may noticed that even in such a high volatile market, there is a constant buying/selling going on. Not all of them are made by people. Many are made by bots. They are referred to as rebalancing/market making bots. Market making bots may take some profit but this is not their ultimate goal. But why are they trading without focusing on their profit? These bots are trying to reduce volatility of the market. Stopping sudden jump or sudden dip. The reason is that they want to keep the coins as stable as possible and prevent abuse of single players. This prevents liquidation and high profit taking of individuals. Another role of these bots is to normalize price over different exchanges. Eg. preventing high price differences between binance and coinbase. They sell/buy between different exchanges. But, why in earth someone should try balance the networks and market? Actually most of these bots belong to companies. Let me explain by example. Consider ripple company . It is trying to provide service for financial institutions. It uses $XRP as its liquidity back up. If the price of it fluctuates a lot, it is not interesting for those institutions (especially if it goes too much down), they want to have a reliable market. So, ripple, even though isn’t publicly announced, is most likely benefits from market making bots. There are many companies providing such bots. They may provide promises on how much up or down the market can go. Cryptohupper, Wundertrading, Hummingbot etc are amongst such companies. Nevertheless when a huge amount of money flows in or out of the market, these bots can’t do much to prevent sudden changes as they have limited liquidity. But you can see their role in particular in current $BTC and $ETH price temporary stabilization. So if next time, you see your beloved coin doesn’t go up or down significantly, don’t curse the malicious evil manipulators, probably it is done by market making bots and you aren’t their target.

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Most likely surpasses that price

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In regard to previous post, this meme is a cool description of current situation. BTW, I can’t provide any advice on sell or buy, it is a high volatility situation, it can go even worse. We should see what happens to US stock market today. Whether it goes further down or rebounds. Any change there could be a good indicator for crypto market

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I know this post might be suppressed but I should say it. All your crypto analysis are wrong. It is not about crypto, the whole market is down. Biden and Democratic party are pushing for passing their bill through the congress and this is how they do it. Read my previous post on this topic to have a better big picture. Stop feeding people nonsense analysis when you are not taking into account the bigger picture. The entire stock market is down. It is not about pullback or correction. Stop talking about resistance and support. The entire US and europe market is down and crypto is just a tiny fraction of it. There is a huge player in the game. This player is threatening the healthy market since they want to take benefit from taxed money. Influencers, stop asking chat bots for explanation and copying it here. Those who don’t want to read my previous post: in high volatility situations, like the threat of government shutdown, first things big investors do is to move their money in more secure assets like gold. When the fog goes away they begin with stock market and then the last step is to invest back on crypto. $BTC $ETH $SOL #marketdown

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