It's dead Jim!
Look at all those dumps! Someone buys 7, then someone dumps 700!
Whale unloading his bag?
Look at all those dumps! Someone buys 7, then someone dumps 700!
Whale unloading his bag?
You realize that every time someone buys 7 it means someone else is selling 7 and someone selling 700 means someone else is buying 700? 100% of the time.
Try again with some valid logic.
And DUMP = dump at the buy orders!
And this matters why? I have traded on exchanges and I have often placed sell orders (i.e. the ask) when I wanted to sell reduce my holdings (but not necessarily at this immediate second) or placed buy orders when I wanted to buy.
You have a warped view of how exchanges work where market orders are somehow more important or more real than listed orders. That is false.
I'm sure normal people got the message when I said that.. The dumps are causing the price to go down.
The dumps and the price going down are exactly the same thing, viewed from a slightly different perspective. It is like saying that the rain drops falling are causing wet weather.
People are both buying and selling (in exactly the same quantity). They happen to be agreeing to do so at lower prices than they were a week ago. This is not the fault of the sellers exclusively, it is equally the result of the decisions of the buyers to step back a bit and offer only lower prices. Bring in more buyers with the exact same sellers and the price goes up, and vice versa.
Also, there is an even closer connection. When you say that someone "dumps" 700, that means there were 700 worth of buy orders on the book to even make that possible. Without that many buy orders, the same seller might sell his 700, but he'd have to do so over a period of time as a sequence of separate trades. You wouldn't see a 700 dump, but the seller would still be selling. The block sale of 700 is as much evidence of buying interest for 700 as it is selling interest.
