Quote:
Originally Posted by 2MuchMark
No that's not what I meant.
If I wanted to buy and sell stocks automatically, meaning, I want to sell 1000 shares of Stock A when it climbs to $5.00, and I want to buy 1000 shares of stock A automatically when it drops to $3.00, isn't that a bot? And isn't that allowed?
Nothing backs coin, but what backs the value of coin, is how much people will pay for it.
For example, if you buy coin today expecting to make money with it, it's because you think people will pay more for it tomorrow. If you have coin today, you would want to sell it today if you think people will only pay less for it tomorrow.
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Yes but again it's on one exchange... With crypto you have a bot buying for $3 on one exchange and selling for $3.50 on another.. When you have shitloads of people doing this or even a few with large bankrolls eventually there's nowhere to go but down.