RE: deleted

You are viewing a single comment's thread from:

deleted

in blurt •  2 years ago 

The Weaponization of the Power Down.

The power down by itself is harmless and indirectly benefits the other stake slightly.

It's the manipulation of the markets that is causing the issue. One can literally wash trade a few hundred to a thousand dollars worth of Blurt and manipulate the price up or down and only incur the fees for the trading.

Or just dump a shit ton of it eating into the buy orders to push the price way down, then wait for the desperate hands to race to the bottom in their need for quick liquidation and scoop those up cheap and make up the difference there to possibly a profit.

This can also work in reverse, buying the sell orders eating up the list driving the value (at least in appearance) higher.

When you see our daily volume is usually a few hundred to one thousand dollars a day it is quickly understood how easily price manipulations become. The one day shortly after this current drama started and the price was falling fast, I noted that on that particular day we had over 3000 dollars in volume, 3x the normal high we had been seeing in velocity.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  

Thank you for those insights. You gave me a different perspective which I will reflect on as I prepare for my smartcast. 🙏