You are viewing a single comment's thread from:

RE: How A Single Trader Manipulates The Bitcoin Market: Spoofing With Large Sums & Illegal Methods On Bitfinex

in #bitcoin8 years ago

Sounds like a risky gamble to me. To make the price reflect on the exchange, some percentage of the order has to actually go through, so they are actually "paying for the baits". It is also possible for some even larger players to target and take advantage of Spoofy, like actually buy all the orders, pushing the price even higher and become the final winner.