CryptoCurrency : Cryptosniper on Exchanges, Bad Actors, Bots, Alts, ICO’S & flash crashes
TLDR: Very good video by the CryptoSniper on the overall ICO and Alt coin market. Alts or ICOs hire big names in the business to act as advisers and contributors attached to their project. These “key contributors” are paid off, often with a lockup period (1 year) for their coins. The big name helps only in marketing, and rarely with the project itself. These big names may show up to a Skype video call or Google hangout once in awhile to keep investor morale at bay. They get the coins CHEAP and after the lockout period, they DUMP. The Alts or ICO’s also pay off big exchanges like the highly publicized Binance bounty, and the exchanges use the coins to bet against the traders by using the coins as liquidity for shorting.
Video: [Are Exchanges Bad Actors, Bots, ICO’S & flash crashes](https://www.youtube.com/watch?v=_F22MayJlj0)
Cryptocurrency
The official source for CryptoCurrency News, Discussion & Analysis.
Author: Octavio_belise
Score: 1
Don’t forget to share the post if you love it !
