So Coingecko's Term of the Day is:
Market Taker: A market taker buys and sells assets by taking from existing orders made by others.
Is that a negative or a positive thing? Or better put, is it shady?
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So Coingecko's Term of the Day is:
Market Taker: A market taker buys and sells assets by taking from existing orders made by others.
Is that a negative or a positive thing? Or better put, is it shady?
I generally call them Market Makers. They tend make money off the spread by getting their orders filled first. At the same time if nobody wants to sell or buy, they are forced to get a certain price for people to get in/out.
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Front running is very common. That is what was exposed by the entire WallStreetBets thing and Robinhood. It came out that Robinhood was selling the trades to Wall Street firms, allowing them to front run the trades. This means they bought ahead of those people and sold to them, cutting a small profit for themselves.
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@taskmaster4450le oh wow, ok; thanks for the knowledge
It helps to check the recent orders placed in the market (Hive Engine) to ensure there is enough liquidity. Then then you can execute your buy and sell orders accordingly to become the taker. It's not shady but a smart move to close orders quickly.
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Thanks @finguru