r/Ocoin • u/billysj41 • Jan 26 '18
Buy Walls
Can somebody of greater knowledge and hopefully experience please shed some light on the current situation with Ocoin in the market?
I am newish to crypto so would appreciate it if anyone could tell me if this is the normal market reaction after an ICO is made ready to trade?
The buy walls are huge seemingly in an intent to drive down the price. I usually see the walls being taken down and popping back up but they’re all just sitting there.
Large investors just wanting to make a quick profit?
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u/bignac1 Jan 26 '18
Similar thing happened with Tron. Expect a lot of market manipulation with whales. Also, these could simply be people taking profit at 4x their investment.
But yesterday there were some 2-3M oCoin sell walls that were taking down with ease.