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Setting up fake sell walls: beware!

Quoting ArticMiner on Bitcointalk:

> Fake ask volume motivated by short term trading attempts to suppress the price and / or drive sellers to bid walls must always be prepared to face its nemesis: A long term buyer willing to tolerate some slippage using a market order to obtain a substantial position, followed of course by this buyer taking delivery. This is the kind of thing that can set off a buying panic as the shorts are squeezed to the wall.

Replies: 1
rpietila edited 9 years ago Weight: -449 | Link [ - ]

Aaaaaaaaaaai'm not scared.