Anatomy of a pump and dump

17 Mar 2018

Thanks to low volume and the advent of Bitmex 100x leverage margin trading it's now possible for whales to pump and dump Bitcoin, which is why we've been seeing 5% up/down swings over the past week. Here's an idea of how to take advantage of a potential 5% upswing.

Why is the price moving up and down ~5% ? The answer simple. Because you only need 4% swings to liquidate people who are trading with 25x leverage. The point is to liquidate shorts/longs with high leverage.

17 Mar 2018

Not

Almost there... just be aware that this could go down 5% too.