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Topic: I don't understand why someone would buy and sell at the same time - page 2. (Read 2054 times)

legendary
Activity: 1218
Merit: 1001
Could be bot gone wild, could also be someone that doesn't have the funds to buy anymore, thus they sell a ton, and immediately buy a bunch more in an attempt to eat through the 125 wall. They kept trying to do this and appear to have failed miserably and people just started throwing asks up to 125 and made the wall even more massive, lol.

But even if they get though 125, they have lost a ton of money on the trading fees.  How can they actually make a profit on selling at 124, buying back at 119 and then doing that repeatedly?
legendary
Activity: 840
Merit: 1000
Could be bot gone wild, could also be someone that doesn't have the funds to buy anymore, thus they sell a ton, and immediately buy a bunch more in an attempt to eat through the 125 wall. They kept trying to do this and appear to have failed miserably and people just started throwing asks up to 125 and made the wall even more massive, lol.
hero member
Activity: 784
Merit: 1000
Bot gone wild maybe.
full member
Activity: 159
Merit: 100
4 times now. Agree there is a pattern.
Buy everything to $124...sell a bit to make the price drop, wait a bit for new orders to fill in the gap, and rebuy everything to $124

Maybe just someone trying to buy as much as possible below $124 before boosting the price through $125?
full member
Activity: 204
Merit: 100
Create panic ?
Gox lag > 1 min ?
Some chinese kid doesn't understand limit orders ?
legendary
Activity: 1792
Merit: 1111
Why would you think it's the same person buying and selling?
hero member
Activity: 616
Merit: 500
I don't understand why someone would buy and sell at the same time. 1 time is an accident. 2 times is a face palm. 3 times is on purpose

What is the strategy here?


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