You are viewing a single comment's thread from:

RE: HIVE Gains on BTC and ETH

in LeoFinance3 years ago

I also buy into Bitcoin and ETH at thresholds, similar to Dollar-Cost Averaging - in theory, it's called a "Buy Stop Order." However, by placing that order, you are effectively announcing to the market that there is support at that value; if enough people do, it could allow more market manipulation. I've been buying some HIVE, too, although I do that via Binance and the BUSD pegged "coin".

Sort:  

At the amounts I'm buying it doesn't really matter if I'd set buy stop orders for bitcoin or ethereum. Might be a bit different for Hive, but not much.

Posted Using LeoFinance Beta

Correct! Each of us individually is a drop in the ocean, but if thousands of buy orders from different investors exist at a specific buy limit, it is open to abuse by market makers (i.e. commercial banks).

Posted Using LeoFinance Beta