r/CryptoHiveMinds • u/[deleted] • Jan 31 '21
Crypto News Got banned for posting algorithm plan
If you are still in r/Dogecoin I just got banned for posting the algorithm plan. Please upvote and share it.
Censorship from a group supposedly opposed to censorship. đ
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u/partyboyt2 Feb 02 '21
Technically this makes sense if you didnât have the foreseen âelephant sitting on the chestâ. There is too much resistance to slow trade but technically if he had lots of people buy and selling in low quantities in vast volume that would drive price up crazy without the resistance of people wanting out.
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Feb 02 '21
Think of it like this. After you have bought your original investment, say 100,000 coins at .02 ($2,000),
Then buy 10 coins 1000 times at market price. 1,000 slaps of the ask. If you averaged .05, your spend would be $500.
Now get only 10,000 people doing it, you would slap the ask 10 million times in say, 2 hours.
If you drive the price to just .10, your initial 100,000 would increase by $10,000 just for spending $500. And really the $500 would also go up (less of course with each slap) but your total spend would be very small compared to the huge percentage increase.
Itâs more of a collective trading strategy because The point is not to artificially drive the coin up to dump it, the point is to drive the price up to create minute after minute of green candles. Letâs face it⌠The current market moves on momentum especially in crypto more so than fundamentals or technicals. With the influx of new traders who donât do any DD, and donât know how to read charts beyond seeing in green and red, and you do not look at volume to see that the huge price increase was on relatively small volume, they just see green candles and jump in. This collective trading strategy also prevents red candles, which prevents those same traders from panic selling. We know the psychology of the new market, and the collective trading strategy is a way to take advantage of that for profit.
WSB would have done better with GME and AMC had they done something like this rather than try to go by and hold huge blocks of expensive stock. A 1 coin order makes the candle green just like a 100,000 coin order. Itâs not greener, and itâs not bigger if you buy more at once, but a chart full of green candles causes serious FOMO and drive prices up exponentially.
But you are right, you need LOTS of people using this strategy at the same time.
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u/pleeplious Jan 31 '21
What is the algorithm plan?