we put all our funds into the same (fake) support wall at some price
for example,
we all put a bid at 5.00 and make a wall of support sky high
or if we all install some open source bot that would slide our fake wall always 10% under the current price
for example,
we all put a bid at 5.00 and make a wall of support sky high
or if we all install some open source bot that would slide our fake wall always 10% under the current price
The key word here is "all". It only takes one person to change their strategy and act counter to everyone else for the whole 'fake' bid wall to unravel. If a trader finds a way to make money because everyone else is colluding to do something else, they will.
I would like to play poker..
btw, i have two Aces in the hole..
