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How about the little revolution on centralized exchanges (CEX)?

All Cryptocurrencies

by COINS NEWS 156 Views

Dear crypto Reddit,

Do you remember the story where the bank cannot return all the money if everyone wants to withdraw it simultaneously?

Recently at a party, I met one of the developers of the unnamed centralized exchange. We talked about manipulation by the exchanges, and he told me an interesting fact.- Exchange bots use our coins and stable coins to move the price up and down, triggering stop orders and causing liquidation!????

Do you know what will happen if we put all our spot assets up for sell and buy? ????

Bots will not be able to use our coins to manipulate the coin price!

I'm talking seriously! ????

If everyone reserves their assets on the exchange by placing buy or sell orders, bots will lose liquidity to work. ????

????????HERE'S THE PLAN (Please share it)

Create sell orders for each coin (cryptocurrency) you have.

Use any sale price, $100,000 or $1,000,000. It doesn't matter!

Place an unused US dollar or US dollar to buy something, like Bitcoin, for $1!

The price doesn't matter!

The point is to reserve coins in the system(orders) so that exchange bots cannot use our cryptocurrency for manipulation! ????

Theory.

If we create sell orders for coins but leave USDT unused, this can cause an unprecedented pump. ????

Create a liquidity crisis with your own hands! ????????

#CEXcontrol

submitted by /u/sisan9179
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